secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2021-08-17T23:59:59+00:00
Accession:  0000109563-21-000079
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q4 net sales $895.9M (+23.6% YoY); FY2022 EPS guidance $5.00-$5.40
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- Q4 net income $59.2M ($1.51 EPS); EBITDA $94.8M; organic sales up 19.8%.
- Full-year adjusted net income $186.4M ($4.74 EPS); free cash flow $225.8M.
- FY2022 EPS guidance $5.00-$5.40 on 8-10% sales growth (organic 7-9%).
- Bought back 400k shares for $40.1M in Q4; remaining authorization ~465k shares.
- CEO cites record quarterly earnings and sustained demand momentum entering FY2022.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956321000079/0000109563-21-000079-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956321000079/ait-20210817.htm
  HTML page:      https://secwatch.observer/filing/0000109563-21-000079

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer