---
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"
generated_at: "2026-06-22T23:30:37.987902+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q1 sales $1.1B (+19.1% YoY); EPS $1.97 (+45%); raises FY2023 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-22-000125
- JSON: https://secwatch.observer/filing/0000109563-22-000125.json
- Plain text: https://secwatch.observer/filing/0000109563-22-000125.txt

## Key facts
- Earnings Releases
  APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.1 billion.
  - Period: fiscal 2023 first quarter ended September 30, 2022
  - Revenue: $1.1 billion
  - Result: reported results
  source text: The Company reported net income of $76.9 million, or $1.97 per share, and EBITDA of $118.7 million.
  evidence_url: https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm
- Earnings Releases
  APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.1 billion.
  - Period: fiscal 2023 first quarter ended September 30, 2022
  - Revenue: $1.1 billion
  - Result: reported results
  source text: Net sales for the quarter increased 19.1% to $1.1 billion from $891.7 million in the prior year.
  evidence_url: https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm
- Earnings Releases
  APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 results: EPS $6.90 to $7.55. Guidance raised.
  - Period: fiscal 2023
  - EPS: $6.90 to $7.55
  - Guidance: raised
  - Result: guidance update
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956322000125/0000109563-22-000125-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.