---
schema_version: "secwatch.filing_event.v1"
accession: "0000109563-23-000044"
form_type: "8-K"
ticker: "AIT"
cik: "0000109563"
company_name: "APPLIED INDUSTRIAL TECHNOLOGIES INC"
filed_at: "2023-04-27T23:59:59+00:00"
generated_at: "2026-06-16T08:05:55.744171+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q3 sales $1.1B (+15.4% YoY); adj EPS $2.38 (+36.3%); raises FY guidance

## Summary
- Net sales $1.1B, up 15.4% YoY (organic +15.0%); Service Center +16.1%, Engineered Solutions +13.1%.
- Adjusted net income $93.5M ($2.38/sh), up 36.3% YoY; EBITDA $140.3M (+29.2%).
- FY2023 guidance raised: adj EPS $8.47-$8.60 (prior $8.10-$8.50), sales growth 14%-15%, EBITDA margins 11.7%-11.8%.
- Quarterly dividend $0.35/sh declared, payable May 31, record May 15.
- April sales trending up high single-digit organic % YoY; management sees near-term moderation but above-market growth.

## SEC filing metadata
- accession: 0000109563-23-000044
- form_type: 8-K
- ticker: AIT
- cik: 0000109563
- company_name: APPLIED INDUSTRIAL TECHNOLOGIES INC
- filed_at: 2023-04-27T23:59:59+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/109563/000010956323000044/0000109563-23-000044-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109563/000010956323000044/ait-20230427.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-23-000044
- JSON: https://secwatch.observer/filing/0000109563-23-000044.json
- Plain text: https://secwatch.observer/filing/0000109563-23-000044.txt

## Key facts
- Earnings Releases
  APPLIED INDUSTRIAL TECHNOLOGIES INC reported the fiscal 2023 third quarter ended March 31, 2023 results: revenue $1.1 Billion, net income $97.2 Million, EPS $2.47 Per Share. Guidance raised.
  - Period: the fiscal 2023 third quarter ended March 31, 2023
  - Revenue: $1.1 Billion
  - Net income: $97.2 Million
  - EPS: $2.47 Per Share
  - Guidance: raised
  - Result: reported results
  source text: Applied Industrial Technologies Reports Fiscal 2023 Third Quarter Results • Net Sales of $1.1 Billion Up 15.4% YoY; Up 15.0% on an Organic Basis • Net Income of $97.2 Million, or $2.47 Per Share • Adjusted Net Income of $93.5 Million, or $2.38 Per Share Up 36.3% YoY • EBITDA of $140.3 Million Up 29.2% YoY • Updating Fiscal 2023 Guidance to Reflect Fiscal Third Quarter Performance
  evidence_url: https://www.sec.gov/Archives/edgar/data/109563/000010956323000044/0000109563-23-000044-index.htm

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