Applied Industrial Technologies Reports Fiscal 2026 Third Quarter Results

AI BRIEFING

• ⬤ Net sales increased 7.3% to $1.3 billion, driven by a 0.5% increase from acquisitions and a 0.8% impact from foreign exchange, surpassing the company's initial forecast of $1.2 billion.
• ⬤ The company's gross margin expanded to 24.3% compared to 23.7% in the same period last year.
• ⬤ Operating income increased 9.3% to $34.2 million, driven by improved profitability across various business segments.