{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-23-000004","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2023-01-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:43.849914+00:00","generated_at":"2026-06-20T07:49:17.606149+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.85,"calibrated_materiality_score":0.85,"confidence":"high","headline":"AIT Q2 EPS $2.05 (+41% YoY), revenue $1.1B (+21% organic), dividend raised to $0.35, guides higher","bullets":["Net sales $1.1B, up 20.9% YoY; organic growth 21.1% across both Service Center and Engineered Solutions segments.","Net income $80.5M ($2.05 EPS) vs $57.2M ($1.46) prior year; EBITDA $125.5M, up 35.6%.","Quarterly dividend increased to $0.35/share (14th increase since 2010), payable Feb 28 to holders of record Feb 15.","FY2023 guidance raised: EPS $8.10–$8.50 (prior $6.90–$7.55), sales growth 13%–15%, EBITDA margins 11.5%–11.7%.","January month-to-date organic sales up low-twenty percent vs prior year; acquired Automation, Inc. in early Nov 2022."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-23-000004","json":"https://secwatch.observer/filing/0000109563-23-000004.json","markdown":"https://secwatch.observer/filing/0000109563-23-000004.md","text":"https://secwatch.observer/filing/0000109563-23-000004.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000004/0000109563-23-000004-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000004/ait-20230126.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-20T07:49:17.606149+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":"33cd2b3b141038ffbf7bf11ffc57a680020701d0","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $1.1 billion, net income $80.5 million, EPS $2.05. Guidance raised.","evidence_excerpt":"Applied Industrial Technologies Reports Fiscal 2023 Second Quarter Results • Net Sales of $1.1 Billion Up 20.9% YoY; Up 21.1% on an Organic Basis • Net Income of $80.5 Million; EPS of $2.05 Up 40.8% YoY","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000004/0000109563-23-000004-index.htm","confidence":0.95,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 second quarter ended December 31, 2022"},{"label":"Revenue","value":"$1.1 billion"},{"label":"Net income","value":"$80.5 million"},{"label":"EPS","value":"$2.05"},{"label":"Guidance","value":"raised"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}