{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-23-000060","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2023-08-10T23:59:59+00:00","discovered_at":"2026-05-14T18:03:33.131889+00:00","generated_at":"2026-06-11T16:26:11.695453+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":"Applied Industrial Q4 net sales $1.2B (+9.1% YoY); net income $92.2M; FY2024 EPS guidance $8.80-$9.55","bullets":["Q4 net sales $1.2B (+9.1% YoY, organic +8.6%); net income $92.2M ($2.35 EPS).","Full-year FY2023 net sales $4.4B (+15.8% YoY); net income $346.7M ($8.84 EPS); adjusted EPS $8.75.","FY2024 EPS guidance $8.80-$9.55 on 0-4% sales growth; EBITDA margin 11.9%-12.1%.","Updated intermediate targets: sales over $5.5B and EBITDA margins over 13% within next five years.","LIFO expense Q4 $8.1M ($0.15 after tax); FY LIFO expense $34.2M ($0.66 after tax)."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-23-000060","json":"https://secwatch.observer/filing/0000109563-23-000060.json","markdown":"https://secwatch.observer/filing/0000109563-23-000060.md","text":"https://secwatch.observer/filing/0000109563-23-000060.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/0000109563-23-000060-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/ait-20230810.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-11T16:26:11.695453+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":"4e1d932fa742e7e0d3fafe9fd199721753ec9db8","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $1.2 billion, net income $92.2 million, EPS $2.35 per share. Guidance initiated.","evidence_excerpt":"Applied Industrial Technologies Reports Fiscal 2023 Fourth Quarter and Full-Year Results • Fourth Quarter Net Sales of $1.2 Billion Up 9.1% YoY; Up 8.6% on an Organic Basis • Fourth Quarter Net Income of $92.2 Million, or $2.35 Per Share Up 16.1% YoY","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/0000109563-23-000060-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2023 fourth quarter ended June 30, 2023"},{"label":"Revenue","value":"$1.2 billion"},{"label":"Net income","value":"$92.2 million"},{"label":"EPS","value":"$2.35 per share"},{"label":"Guidance","value":"initiated"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"},{"claim_id":"74e2340d9aded34d3a0c7a44d3519d8cc2b3e97c","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal year ended June 30, 2023 results: revenue $4.4 billion, net income $346.7 million, EPS $8.84 per share. Guidance initiated.","evidence_excerpt":"Full-Year Net Sales of $4.4 Billion Up 15.8% YoY; Up 15.7% on an Organic Basis • Full-Year Net Income of $346.7 Million, or $8.84 Per Share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/0000109563-23-000060-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal year ended June 30, 2023"},{"label":"Revenue","value":"$4.4 billion"},{"label":"Net income","value":"$346.7 million"},{"label":"EPS","value":"$8.84 per share"},{"label":"Guidance","value":"initiated"},{"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"}