secwatch.observer — SEC 8-K summary
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Issuer:     APPLIED INDUSTRIAL TECHNOLOGIES INC (AIT)
CIK:        0000109563
Form:       8-K
Filed at:   2022-04-28T23:59:59+00:00
Accession:  0000109563-22-000041
Event type: earnings
Sentiment:  positive
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Applied Industrial Q3 net sales $980.7M (+16.6% YoY); EPS $1.75; raises FY2022 guidance
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- Net sales $980.7M (+16.6% YoY); organic daily sales +14.7%.
- Net income $68.3M ($1.75 EPS); EBITDA $108.6M; LIFO expense $7.4M.
- Raised FY2022 guidance: EPS $6.15-$6.25 (prior $5.70-$5.90); sales growth 14.8%-15.3%.
- Declared quarterly dividend $0.34/share, payable May 31, 2022 to holders of record May 16.
- Repurchased 35,000 shares for $3.5M in Q3; $318,000 shares remain authorized.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/109563/000010956322000041/0000109563-22-000041-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/109563/000010956322000041/ait-20220428.htm
  HTML page:      https://secwatch.observer/filing/0000109563-22-000041

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