Applied Industrial Technologies posts Q1 FY2027 beat, raises FY EPS outlook and names new board chair
+1 new source since this summary was written
Applied Industrial Technologies reported fiscal Q1 2027 net sales of $1.291 billion, up 7.6% year‑over‑year on a reported basis and 7.1% organic. Net income was $110.4 million, yielding GAAP EPS of $2.97, a 12.7% YoY increase. The company lifted its full‑year FY2027 GAAP EPS guidance to $11.70‑$12.20 and reaffirmed sales growth guidance of 4.0%‑6.5% while announcing a quarterly cash dividend of $0.51 and the appointment of Joe A. Raver as independent chairman after Peter Wallace’s retirement.
Why it matters
The higher FY2027 EPS guidance, combined with $80 million of share repurchases, should support future EPS growth for shareholders. However, the modest guidance increase caused the stock to fall on the day of release, reflecting investor concern over near‑term outlook.
Key facts
- 1Net sales were $1.291 billion, up 7.6% YoY on a reported basis. stocktitan.net
- 2Net sales grew 7.1% YoY on an organic basis. stocktitan.net
- 3Net income was $110.4 million, yielding GAAP EPS of $2.97, up 12.7% YoY. stocktitan.net
- 4EBITDA was $160.3 million, up 9.6% YoY on a reported basis. stocktitan.net
- 5Full‑year FY2027 GAAP EPS guidance was raised to $11.70‑$12.20 per share. stocktitan.net
- 6Fiscal 2027 sales growth guidance was reaffirmed at 4.0%‑6.5%. rttnews.com
Summary written by AlphAI AI Desk from 16 of 16 sources. Not investment advice. Figures are as stated by the linked sources.