Applied Industrial Technologies reported record fiscal fourth-quarter results on August 13, with sales up 10.4% year over year to $1.4 billion and organic growth of 9.7%, the strongest in over three years, but guided fiscal 2027 sales growth to just 4.0% to 6.5%. Full-year net sales reached $5.0 billion, up 8.8%, while fourth-quarter EBITDA rose 16.1% to $177.6 million and net income climbed 13.2% to $118.6 million, or $3.17 per share. The company raised its long-term targets to $7 billion in sales and 14% EBITDA margins over five years, but fiscal 2027 EBITDA margins are guided to 12.5% to 12.8%, and management cited tougher comparisons, inflation, and trade policy risks. LIFO expense nearly tripled to $21.5 million for the full year, and the company noted an estimated 7% organic sales increase in the first quarter of fiscal 2027 to date.
Applied Industrial TechnologiesRecord Q4 results but fiscal 2027 guidance below expectations, with slower growth and margin outlook.
