Applied Industrial Technologies reported record fourth-quarter sales and earnings that exceeded expectations, with organic sales growth of 10%—the strongest in more than three years. The company expanded EBITDA margins by more than 60 basis points to over 13%, grew EBITDA by 16%, and increased EPS by 13% compared to the prior year. Applied also raised its intermediate financial targets, increasing its sales objective to $7 billion from $5.5 billion and its EBITDA margin objective to 14% from 13%. For fiscal 2027, the company issued EPS guidance of $11.65 to $12.15 based on sales growth of 4% to 6.5% and EBITDA margins of 12.5% to 12.8%.
Applied Industrial TechnologiesRecord Q4 sales and earnings beat expectations, with raised targets and EPS guidance.
