---
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"
generated_at: "2026-06-20T07:49:17.606149+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# AIT Q2 EPS $2.05 (+41% YoY), revenue $1.1B (+21% organic), dividend raised to $0.35, guides higher

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-23-000004
- JSON: https://secwatch.observer/filing/0000109563-23-000004.json
- Plain text: https://secwatch.observer/filing/0000109563-23-000004.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2023 second quarter ended December 31, 2022
  - Revenue: $1.1 billion
  - Net income: $80.5 million
  - EPS: $2.05
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956323000004/0000109563-23-000004-index.htm

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