---
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"
generated_at: "2026-06-06T17:33:57.510806+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q2 adj EPS $2.24 +9.3% YoY; raises quarterly dividend 6% to $0.37

## Summary
- 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.

## SEC filing metadata
- 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
- event_type: earnings
- sentiment: positive
- materiality_score: 0.8
- calibrated_materiality_score: 0.8
- confidence: high
- sec_items: 2.02, 9.01
- 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

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-24-000005
- JSON: https://secwatch.observer/filing/0000109563-24-000005.json
- Plain text: https://secwatch.observer/filing/0000109563-24-000005.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 second quarter ended December 31, 2023
  - Revenue: $1.1 Billion
  - Net income: $91.2 Million
  - EPS: $2.32 Per Share
  - Guidance: reaffirmed
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956324000005/0000109563-24-000005-index.htm

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