---
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"
generated_at: "2026-06-11T16:26:11.695453+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q4 net sales $1.2B (+9.1% YoY); net income $92.2M; FY2024 EPS guidance $8.80-$9.55

## Summary
- 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).

## SEC filing metadata
- 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
- 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/109563/000010956323000060/0000109563-23-000060-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/ait-20230810.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-23-000060
- JSON: https://secwatch.observer/filing/0000109563-23-000060.json
- Plain text: https://secwatch.observer/filing/0000109563-23-000060.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2023 fourth quarter ended June 30, 2023
  - Revenue: $1.2 billion
  - Net income: $92.2 million
  - EPS: $2.35 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/0000109563-23-000060-index.htm
- Earnings Releases
  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.
  - Period: fiscal year ended June 30, 2023
  - Revenue: $4.4 billion
  - Net income: $346.7 million
  - EPS: $8.84 per share
  - Guidance: initiated
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956323000060/0000109563-23-000060-index.htm

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