secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2021-10-27T23:59:59+00:00
Accession:  0000109563-21-000094
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q1 net sales $891.7M (+19.2%), EPS $1.36, maintains guidance
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- Net sales $891.7M, up 19.2% YoY; organic sales up 16.3%.
- Net income $53.0M ($1.36 diluted EPS); EBITDA $88.5M.
- Fiscal 2022 guidance maintained: EPS $5.00-$5.40, sales growth 8-10% (7-9% organic).
- Quarterly dividend $0.33/share declared, payable Nov 30 to holders of record Nov 15.
- Acquired R.R. Floody Co. in August; repurchased 76,658 shares for $6.5M in quarter.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956321000094/0000109563-21-000094-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956321000094/ait-20211027.htm
  HTML page:      https://secwatch.observer/filing/0000109563-21-000094

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