{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-22-000125","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2022-10-27T23:59:59+00:00","discovered_at":"2026-05-14T18:03:49.593193+00:00","generated_at":"2026-06-22T23:30:37.987902+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Applied Industrial Q1 sales $1.1B (+19.1% YoY); EPS $1.97 (+45%); raises FY2023 guidance","bullets":["Net sales $1.1B (+19.1% YoY); EPS $1.97 (+45%); EBITDA $118.7M (+34.2%).","Organic sales growth 19.4%; Service Center +20.3%, Engineered Solutions +17.8%.","Raises FY2023 EPS guidance to $6.90-$7.55 (from $6.65-$7.30) and organic sales growth to 6-10%.","Declares quarterly dividend $0.34/share, payable Nov 30, record Nov 15.","Renamed Fluid Power & Flow Control segment to Engineered Solutions."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-22-000125","json":"https://secwatch.observer/filing/0000109563-22-000125.json","markdown":"https://secwatch.observer/filing/0000109563-22-000125.md","text":"https://secwatch.observer/filing/0000109563-22-000125.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/ait-20221027.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-22T23:30:37.987902+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"5ee751fdeb1dc6f163d97390e7562a1a231902bf","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.1 billion.","evidence_excerpt":"The Company reported net income of $76.9 million, or $1.97 per share, and EBITDA of $118.7 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 first quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"5ee751fdeb1dc6f163d97390e7562a1a231902bf","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.1 billion.","evidence_excerpt":"Net sales for the quarter increased 19.1% to $1.1 billion from $891.7 million in the prior year.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 first quarter ended September 30, 2022"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"e7424ee96a9686d5259223b24086aa24551c89ae","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 results: EPS $6.90 to $7.55. Guidance raised.","evidence_excerpt":"For fiscal 2023, the Company now projects EPS of $6.90 to $7.55 (prior $6.65 to $7.30), sales growth of 5% to 9%, including 6% to 10% on an organic basis (prior 3% to 7%) and EBITDA margins of 10.9% to 11.2% (prior 10.8% to 11.1%).","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023"},{"label":"EPS","value":"$6.90 to $7.55"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"guidance update"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}