{"schema_version":"secwatch.filing_event.v1","accession":"0000109563-24-000030","form_type":"8-K","ticker":"AIT","cik":"0000109563","company_name":"APPLIED INDUSTRIAL TECHNOLOGIES INC","filed_at":"2024-04-25T23:59:59+00:00","discovered_at":"2026-05-14T18:03:17.261810+00:00","generated_at":"2026-06-03T07:24:08.279181+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 Q3 net sales $1.1B, EPS $2.48; announces acquisition of Grupo Kopar","bullets":["Net sales $1.1B, up 1.3% YoY; organic daily +0.7%. Net income $97.2M, EPS $2.48 diluted.","Signed definitive agreement to acquire Grupo Kopar, automation tech provider in Mexico; adding ~200 associates; closes in weeks.","Updated FY2024 guidance: adjusted EPS $9.55-$9.70 (prior $9.35-$9.70); sales growth 1.5%-2.5% (organic 0.5%-1.5%).","Operating cash flow $84.2M, free cash flow $76.7M; quarterly dividend $0.37/share declared (payable May 31).","Service Center segment organic daily +2.6%; Engineered Solutions -3.2%; LIFO expense $4.8M vs $8.2M prior year."],"urls":{"canonical":"https://secwatch.observer/filing/0000109563-24-000030","json":"https://secwatch.observer/filing/0000109563-24-000030.json","markdown":"https://secwatch.observer/filing/0000109563-24-000030.md","text":"https://secwatch.observer/filing/0000109563-24-000030.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000030/0000109563-24-000030-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000030/ait-20240425.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-03T07:24:08.279181+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":"08e1cc32d5fc18884df7d687716c7745b3cada92","claim":"APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2024 third quarter ended March 31, 2024 results: revenue $1.1 Billion, net income $97.2 Million, EPS $2.48 per share. Guidance raised.","evidence_excerpt":"Net sales for the quarter of $1.1 billion increased 1.3% over the prior year. The change includes a 1.2% increase from acquisitions and a 0.2% increase from foreign currency translation, partially offset by a negative 0.8% selling day impact. Excluding these factors, sales increased 0.7% on an organic daily basis reflecting a 2.6% increase in the Service Center segment and a 3.2% decrease in the Engineered Solutions segment. The Company reported net income of $97.2 million, or $2.48 per share, and EBITDA of $135.7 million.","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/109563/000010956324000030/0000109563-24-000030-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"fiscal 2024 third quarter ended March 31, 2024"},{"label":"Revenue","value":"$1.1 Billion"},{"label":"Net income","value":"$97.2 Million"},{"label":"EPS","value":"$2.48 per share"},{"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"}