{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-23-000103","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2023-10-26T23:59:59+00:00","discovered_at":"2026-05-14T18:03:28.203609+00:00","generated_at":"2026-06-09T07:51:15.974405+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Applied Industrial Q1 EPS $2.39, revenue $1.1B up 3.1% YoY; raises FY2024 guidance","bullets":["Net sales $1.1B, up 3.1% YoY; organic daily sales up 3.4% as Service Center segment rose 4.7%.","Net income $93.8M, EPS $2.39 (up 21.3% YoY); EBITDA $133.4M (up 12.3% YoY).","Raising FY2024 guidance: EPS now $9.25-$9.80 (prior $8.80-$9.55); sales growth 1%-4%.","Quarterly dividend $0.35/share declared, payable Nov 30, 2023 to holders of record Nov 15.","Two bolt-on Service Center acquisitions during quarter; CEO notes resilient U.S. industrial demand."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-23-000103","json":"https://secwatch.observer/filing/0000109563-23-000103.json","markdown":"https://secwatch.observer/filing/0000109563-23-000103.md","text":"https://secwatch.observer/filing/0000109563-23-000103.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000103/0000109563-23-000103-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000103/ait-20231026.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-09T07:51:15.974405+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":"3be5cb8ba7cfa7ba4056ce0f345e5f4a992151d3","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC updated its fiscal 2024 first quarter ended September 30, 2023 guidance (raised).","evidence_excerpt":"On October 26, 2023, Applied Industrial Technologies, Inc. (“Applied”) issued a press release related to its earnings for the fiscal year 2024 first quarter ended September 30, 2023.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956323000103/0000109563-23-000103-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 first quarter ended September 30, 2023"},{"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"}