{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-24-000005","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2024-01-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:23.349620+00:00","generated_at":"2026-06-06T17:33:57.510806+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"positive","materiality_score":0.8,"calibrated_materiality_score":0.8,"confidence":"high","headline":"Applied Industrial Q2 adj EPS $2.24 +9.3% YoY; raises quarterly dividend 6% to $0.37","bullets":["Net sales $1.1B +1.6% YoY; organic sales -0.1% (Service Center +1.4%, Engineered Solutions -3.0%).","Adjusted EPS $2.24 (+9.3% YoY); net income $91.2M, EBITDA $130.8M (+4.2%).","Operating cash flow $101.8M; free cash flow $96.2M; dividend raised 6% to $0.37/share.","Updated FY2024 guidance: adj EPS $9.35-$9.70 (prior $9.25-$9.80); sales growth 1-3%.","CEO notes steady demand; January organic sales trending down low-single-digit % vs last year."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-24-000005","json":"https://secwatch.observer/filing/0000109563-24-000005.json","markdown":"https://secwatch.observer/filing/0000109563-24-000005.md","text":"https://secwatch.observer/filing/0000109563-24-000005.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000005/0000109563-24-000005-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000005/ait-20240125.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-06T17:33:57.510806+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":"94d14d0f8f2176ffc073b97ebd6af92b34207f83","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2024 second quarter ended December 31, 2023 results: revenue $1.1 Billion, net income $91.2 Million, EPS $2.32 Per Share. Guidance reaffirmed.","evidence_excerpt":"Applied Industrial Technologies Reports Fiscal 2024 Second Quarter Results • Net Sales of $1.1 Billion Up 1.6% YoY; Down 0.1% on an Organic Basis • Net Income of $91.2 Million, or $2.32 Per Share","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000005/0000109563-24-000005-index.htm","confidence":0.98,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 second quarter ended December 31, 2023"},{"label":"Revenue","value":"$1.1 Billion"},{"label":"Net income","value":"$91.2 Million"},{"label":"EPS","value":"$2.32 Per Share"},{"label":"Guidance","value":"reaffirmed"},{"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"}