---
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"
generated_at: "2026-06-03T07:24:08.279181+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.8
calibrated_materiality_score: 0.8
confidence: "high"
source: SEC EDGAR
---

# Applied Industrial Q3 net sales $1.1B, EPS $2.48; announces acquisition of Grupo Kopar

## Summary
- 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.

## SEC filing metadata
- 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
- 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/109563/000010956324000030/0000109563-24-000030-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/109563/000010956324000030/ait-20240425.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0000109563-24-000030
- JSON: https://secwatch.observer/filing/0000109563-24-000030.json
- Plain text: https://secwatch.observer/filing/0000109563-24-000030.txt

## Key facts
- Earnings Releases
  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.
  - Period: fiscal 2024 third quarter ended March 31, 2024
  - Revenue: $1.1 Billion
  - Net income: $97.2 Million
  - EPS: $2.48 per share
  - Guidance: raised
  - Result: reported results
  source text: 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_url: https://www.sec.gov/Archives/edgar/data/109563/000010956324000030/0000109563-24-000030-index.htm

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