Source-grounded facts extracted from APPLIED INDUSTRIAL TECHNOLOGIES INC's SEC 8-K filings across all families, newest first. Each cites a verbatim SEC excerpt.
APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2026 third quarter ended March 31, 2026 results: revenue $1.3 billion, net income $99.8 million, EPS $2.65. Guidance raised.
“the Exchange Act. --- EX-99.1 (EX-99.1) --- Financial Release For Immediate Release Applied Industrial Technologies Reports Fiscal 2026 Third Quarter Results • Net Sales of $1.3 Billion Up 7.3% YoY; Up 6.0% on an Organic Basis • Net Income of $99.8 Million; EPS of $2.65 Up 3.1% YoY • Operating Income of $137.9 Million; EBITDA of $153.9 Million Up 6.2% YoY •”
Debt Financings
APPLIED INDUSTRIAL TECHNOLOGIES INC incurred revolving credit of $900 million with KeyBank National Association at base rate plus a margin that ranges from 0 to 35 basis points or adjusted term S maturing October 24, 2030.
“On October 24, 2025 (the “Closing Date”), Applied Industrial Technologies, Inc. (the “Registrant”) entered into a Credit Agreement (the “Credit Agreement”) with certain financial institutions party thereto and KeyBank National Association, as Administrative Agent for itself and the other financial institutions, providing for a $900 million senior unsecured revolving credit facility (the “Credit Facility”).”
Richard M. Wagner was appointed as Principal Accounting Officer at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“Effective after October 25, 2024, Richard M. Wagner is assuming the role of principal accounting officer of Applied Industrial Technologies, Inc. ('Applied'), taking over for David K. Wells, Vice President – Chief Financial Officer & Treasurer of Applied, who will continue to be Applied’s principal financial officer.”
Dan Komnenovich retired as Director at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“Dan Komnenovich submitted his notice of retirement from the Board of Directors of Applied, effective at Applied’s annual meeting of shareholders on October 22, 2024.”
Richard J. Simoncic was elected as Director at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“On August 13, 2024, Richard J. Simoncic, age 61, was elected to the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”), with a term expiring in October 2025.”
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.
“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.”
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.
“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”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC updated its fiscal 2024 first quarter ended September 30, 2023 guidance (raised).
“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.”
Shareholder Votes
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2024 at the 2023-10-24 meeting.
“Ratification of the Audit Committee's appointment of Deloitte & Touche LLP as Applied's independent auditors for the fiscal year ending June 30, 2024. Shares Voted For Ratification Shares Voted Against Ratification Shares Abstained From Voting 35,572,053 699,146 20,745”
Shareholder Votes
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Approval of the 2023 Long-Term Performance Plan at the 2023-10-24 meeting.
“Approval of the 2023 Long-Term Performance Plan: Shares Voted For Shares Voted Against Shares Abstained From Voting Broker Non-Votes 34,002,345 980,495 61,251 1,247,853”
Shareholder Votes
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved A nonbinding advisory vote on the frequency of future votes on the compensation of Applied's named executive officers at the 2023-10-24 meeting.
“A nonbinding advisory vote on the frequency of future votes on the compensation of Applied's named executive officers: Shares Voted For Every Year Shares Voted For Every Two Years Shares Voted For Every Three Years Shares Abstained From Voting BrokerNon-Votes 33,803,463 107,769 1,081,683 51,176 1,247,853”
Shareholder Votes
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 8, 2023 at the 2023-10-24 meeting.
“A nonbinding advisory vote to approve the compensation of Applied's named executive officers as described in Applied's proxy statement dated September 8, 2023: Shares Voted For Shares Voted Against Shares Abstained From Voting Broker Non-Votes 33,735,989 1,184,740 123,362 1,247,853”
Shareholder Votes
APPLIED INDUSTRIAL TECHNOLOGIES INC shareholders approved Election of three persons to be directors for a term of three years at the 2023-10-24 meeting.
“Election of three persons to be directors for a term of three years: Name Shares Voted For Election Shares As To Which Voting Authority Withheld Broker Non-Votes Robert J. Pagano, Jr. 33,933,237 1,110,854 1,247,853 Neil A. Schrimsher 34,504,495 539,596 1,247,853 Peter C. Wallace 32,480,639 2,563,452 1,247,853”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal year ended June 30, 2023 results: revenue $4.4 billion, net income $346.7 million, EPS $8.84 per share. Guidance initiated.
“Full-Year Net Sales of $4.4 Billion Up 15.8% YoY; Up 15.7% on an Organic Basis • Full-Year Net Income of $346.7 Million, or $8.84 Per Share”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 fourth quarter ended June 30, 2023 results: revenue $1.2 billion, net income $92.2 million, EPS $2.35 per share. Guidance initiated.
“Applied Industrial Technologies Reports Fiscal 2023 Fourth Quarter and Full-Year Results • Fourth Quarter Net Sales of $1.2 Billion Up 9.1% YoY; Up 8.6% on an Organic Basis • Fourth Quarter Net Income of $92.2 Million, or $2.35 Per Share Up 16.1% YoY”
Debt Financings
APPLIED INDUSTRIAL TECHNOLOGIES INC amended guarantee of No change to principal amount disclosed. with PNC Bank, National Association, PNC Capital Markets LLC, and certain additional lenders at Not specified. maturing Extended to August 4, 2026 (from March 26, 2024)..
“On August 4, 2023, Applied Industrial Technologies, Inc. (the “Company”) amended its accounts receivable securitization facility (the “Receivables Facility”), extending its maturity to August 4, 2026. The Receivables Facility had been set to expire on March 26, 2024. The amendment of the Receivables Facility included (a) an Amendment No. 3 to Receivables Financing Agreement and Reaffirmation of Performance Guaranty by and among the Company, as servicer, AIT Receivables LLC (“AIT Receivables”), a wholly-owned special purpose subsidiary of the Company, as borrower, PNC Bank, National Association, as administrative agent, PNC Capital Markets LLC, as structuring agent, and certain additional persons from time to time party thereto, as lenders, and (b) an Amendment No. 3 to Purchase and Sale Agreement by and among AIT Receivables, the Company and certain of its wholly-owned subsidiaries, as originators (together, the “Receivables Facility Amendments”).”
Material Agreements
APPLIED INDUSTRIAL TECHNOLOGIES INC amended Receivables Facility with PNC Bank, National Association valued at accounts receivable securitization facility extended to August 4, 2026 (effective 2023-08-04).
“On August 4, 2023, Applied Industrial Technologies, Inc. (the “Company”) amended its accounts receivable securitization facility (the “Receivables Facility”), extending its maturity to August 4, 2026.”
David K. Wells changed role as Vice President – Chief Financial Officer & Treasurer at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“Effective June 28, 2023, David K. Wells, Vice President – Chief Financial Officer & Treasurer of Applied Industrial Technologies, Inc. (the “Company”) assumed the role of principal accounting officer of the Company, taking over the role from Christopher Macey, the Company’s Corporate Controller.”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC reported the fiscal 2023 third quarter ended March 31, 2023 results: revenue $1.1 Billion, net income $97.2 Million, EPS $2.47 Per Share. Guidance raised.
“Applied Industrial Technologies Reports Fiscal 2023 Third Quarter Results • Net Sales of $1.1 Billion Up 15.4% YoY; Up 15.0% on an Organic Basis • Net Income of $97.2 Million, or $2.47 Per Share • Adjusted Net Income of $93.5 Million, or $2.38 Per Share Up 36.3% YoY • EBITDA of $140.3 Million Up 29.2% YoY • Updating Fiscal 2023 Guidance to Reflect Fiscal Third Quarter Performance”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 second quarter ended December 31, 2022 results: revenue $1.1 billion, net income $80.5 million, EPS $2.05. Guidance raised.
“Applied Industrial Technologies Reports Fiscal 2023 Second Quarter Results • Net Sales of $1.1 Billion Up 20.9% YoY; Up 21.1% on an Organic Basis • Net Income of $80.5 Million; EPS of $2.05 Up 40.8% YoY”
Material Agreements
APPLIED INDUSTRIAL TECHNOLOGIES INC amended Amendment No. 3 with PGIM, Inc. and certain of its affiliates (collectively, "Prudential") (effective 2022-10-28).
“On October 28, 2022, Applied Industrial Technologies, Inc. (the “Registrant”) and certain of its subsidiaries entered into Amendment No. 3 (the “Shelf Amendment”) to that certain Amended and Restated Note Purchase and Private Shelf Agreement dated as of October 30, 2019 (as so amended, the “Private Shelf Agreement”), with PGIM, Inc. and certain of its affiliates (collectively, “Prudential”).”
“For fiscal 2023, the Company now projects EPS of $6.90 to $7.55 (prior $6.65 to $7.30), sales growth of 5% to 9%, including 6% to 10% on an organic basis (prior 3% to 7%) and EBITDA margins of 10.9% to 11.2% (prior 10.8% to 11.1%).”
Earnings Releases
APPLIED INDUSTRIAL TECHNOLOGIES INC reported fiscal 2023 first quarter ended September 30, 2022 results: revenue $1.1 billion.
“The Company reported net income of $76.9 million, or $1.97 per share, and EBITDA of $118.7 million.”
Shelly M. Chadwick was elected as Director at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“On August 9, 2022, Shelly M. Chadwick was elected to the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”).”
Peter A. Dorsman resigned as Director at APPLIED INDUSTRIAL TECHNOLOGIES INC.
“Peter A. Dorsman resigned from the Board of Directors of Applied Industrial Technologies, Inc. (“Applied”) on and as of March 11, 2022 after almost 20 years of service to the company.”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.