Applied Industrial earnings beat analyst expectations in the fiscal first quarter of 2027, with revenue rising 8.3% from a year earlier. The industrial distributor raised its full-year earnings-per-share guidance, and its shares gained 1% in after-hours trading following the October 27, 2026 announcement.

Key Takeaways

  • First-quarter GAAP earnings were $2.97 per share, $0.08 above consensus.
  • Revenue of $1.3 billion exceeded expectations by $10 million.
  • The company raised its fiscal 2027 EPS outlook while retaining its sales growth and EBITDA margin forecasts.

Applied Industrial earnings and sales exceed forecasts

Applied Industrial Technologies reported first-quarter revenue of $1.3 billion, up 8.3% year over year. GAAP earnings per share of $2.97 also topped analyst expectations.

The company distributes industrial products including bearings, power transmission components, fluid power systems and factory automation equipment. It serves maintenance, repair and operations customers as well as original equipment manufacturers across North America, Australia, New Zealand and Singapore.

Full-year EPS guidance rises

Applied Industrial raised its fiscal 2027 earnings guidance to $11.70 to $12.20 per share. The analyst consensus of $12.04 was within that range. The previous guidance range was not provided.

The company maintained its forecast for full-year sales growth of 4.0% to 6.5% and an EBITDA margin of 12.5% to 12.8%. Those figures are forecasts for the full fiscal year, not first-quarter results.

Read More News

More FinanceVelix news

Disclaimer

This FinanceVelix article provides general information, not personalized financial, investment, legal, or tax advice. Market prices, interest rates and economic conditions can change; investments carry a risk of loss. Facts reflect the material available when published and may change. Check important information independently and consult a qualified professional when needed. Mentioning an asset, company, or service is not an endorsement.