---
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"
generated_at: "2026-06-09T07:51:15.974405+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q1 EPS $2.39, revenue $1.1B up 3.1% YoY; raises FY2024 guidance

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-23-000103
- JSON: https://secwatch.observer/filing/0000109563-23-000103.json
- Plain text: https://secwatch.observer/filing/0000109563-23-000103.txt

## Key facts
- Earnings Releases
  APPLIED INDUSTRIAL TECHNOLOGIES INC updated its fiscal 2024 first quarter ended September 30, 2023 guidance (raised).
  - Period: fiscal 2024 first quarter ended September 30, 2023
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956323000103/0000109563-23-000103-index.htm

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