secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2022-01-27T23:59:59+00:00
Accession:  0000109563-22-000022
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q2 EPS $1.46, sales $876.9M; raises FY2022 guidance
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- Net sales up 16.7% YoY to $876.9M; organic daily sales +16.4%.
- Net income $57.0M ($1.46 EPS); EBITDA $92.6M, up ~36% YoY.
- Quarterly dividend increased to $0.34/share (+13th increase since 2010).
- FY2022 guidance raised: EPS $5.70–$5.90, sales growth 11.5%–12.5%, EBITDA margins 10.1%–10.3%.
- Repurchased 35,000 shares for $3.5M during quarter; 353,000 shares remaining under authorization.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956322000022/0000109563-22-000022-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956322000022/ait-20220127.htm
  HTML page:      https://secwatch.observer/filing/0000109563-22-000022

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