Applied Industrial Technologies (AIT) Earnings: Q1 Fiscal 2027 Results and Next Report Date

The quarter ended September 30, 2026 and Applied Industrial Technologies published the results on October 27, 2026. Revenue and diluted EPS are shown against Q1 fiscal 2026, the same quarter a year earlier, which takes seasonal swings out of the comparison.

• Applied's fiscal year ends June 30, so Q1 fiscal 2027 is the quarter ended September 30, 2026.
• Applied values U.S. inventories on LIFO. Q1 fiscal 2027 results include $5.6 million of pre-tax LIFO expense ($0.12 per share after tax), against $2.6 million ($0.05) a year earlier.

Source: Applied Industrial Technologies Q1 fiscal 2027 results, October 27, 2026. Also in the Form 10-Q for the quarter ended September 30, 2026. Figures as reported; checked against the release on November 10, 2026.

How Applied Industrial Technologies splits revenue in its own release, under its own labels, for Q1 fiscal 2027 against Q1 fiscal 2026. Indented lines are parts of the line above them.

• Applied Industrial Technologies's Service Center revenue was $815 million in Q1 fiscal 2027, up 4% from $782 million in Q1 fiscal 2026, 63% of total revenue.
• Applied Industrial Technologies's Engineered Solutions revenue was $476 million in Q1 fiscal 2027, up 14% from $417 million in Q1 fiscal 2026, 37% of total revenue.

Segment lines are the figures writers cite most often, because they show where the growth in a quarter came from. Companies redraw their segments from time to time and restate the prior year to match, so a year-ago figure here can differ from the one printed a year ago. When that has happened, the note above says so.

From the earnings release

In its Q1 fiscal 2027 release, Applied Industrial Technologies said:

“Today, the Company is modestly increasing fiscal 2027 EPS guidance to a range of $11.70 to $12.20 (prior $11.65 to $12.15) to reflect a slightly lower diluted share count assumption following first quarter share repurchases.”

“The Company is maintaining guidance for sales of up 4.0% to 6.5%, as well as EBITDA margins of 12.5% to 12.8%.”

“Guidance does not assume contribution from future acquisitions or share buybacks.”

Source: Applied Industrial Technologies Q1 FY27 release, Oct 27, 2026.

This is the company's own guidance as of Oct 27, 2026, quoted as given. Walnut does not make forecasts of its own. Analyst estimates for the coming quarters are on the AIT forecast page.

Revenue and diluted EPS for the last 5 quarters. Each date links to that quarter's release.

GAAP net sales and diluted EPS, each as first reported in that quarter's earnings release.

Applied Industrial Technologies's next report is expected around January 26, 2027, a date estimated from its reporting history that the company has not yet confirmed. This page will show Q1 fiscal 2027 until those results are out and have been checked against the release.

Each quarter keeps its own page with the figures as reported, so a link to one stays pointed at the same numbers after the next report.

• Q1 fiscal 2027 (this page), reported Oct 27, 2026

Applied Industrial Technologies reports net sales in two segments. Service Center, which operates primarily in MRO (maintenance, repair and operations) markets, brought in $815.4 million of the $1,291.2 million total in Q1 fiscal 2027. Engineered Solutions, which covers fluid power, engineered flow control and automation technologies, brought in $475.8 million. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026; Applied Industrial Technologies Form 10-K, fiscal 2026, Aug 13, 2026)

Net sales rose $91.7 million, or 7.6%. Acquisitions added $3.5 million and foreign currency $2.6 million, so organic sales rose $85.6 million, or 7.1%. Applied puts about $60.0 million of the organic increase down to higher volumes, with the remainder from price. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026)

Engineered Solutions led the growth, up $58.7 million or 14.1%, mostly from about $46.0 million of higher volumes across fluid power and automation and, to a lesser extent, flow control. Service Center sales rose 3.5% organically: about $35.0 million from end-market demand and sales initiatives in the United States, partly offset by softer demand in its international operations. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026)

Applied's sales are mostly American. The United States accounted for $1,143.4 million of net sales, up 8.2%. Canada fell 6.9% to $70.2 million on lower Service Center demand, and other countries (Mexico, Australia, New Zealand, Singapore and Costa Rica) rose 14.6% to $77.6 million. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026)

By product line, power transmission was 26.3% of the quarter's sales, general MRO and other 24.8%, fluid power 22.6%, bearings, linear and seals 16.5% and specialty flow control 9.8%. By customer industry, general industry was 37.5%, industrial machinery 15.2%, metals 10.5% and food 10.4%. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026)

Applied Industrial Technologies reports one EPS figure, on a GAAP basis. Diluted EPS was $2.97 in Q1 fiscal 2027, against $2.63 a year earlier. Its main non-GAAP measure is EBITDA, which was $160.3 million, and LIFO inventory accounting cost $0.12 per share after tax in the quarter, against $0.05 a year earlier. (Applied Industrial Technologies Q1 FY27 release, Oct 27, 2026)

Buybacks lifted EPS growth above net income growth: net income rose 9.5% and diluted EPS 12.9%. Applied repurchased 245,285 shares for $80.0 million in the quarter at an average price of $326.29, and diluted average shares fell to 37,180 thousand from 38,271 thousand. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026; Applied Industrial Technologies Q1 FY27 release, Oct 27, 2026)

Net interest expense rose to $3.1 million from $1.0 million after an interest rate swap matured in January 2026 and interest income fell on lower cash balances. The effective tax rate was 21.7%, against 21.6% a year earlier. (Applied Industrial Technologies Form 10-Q, Q1 FY27, Oct 27, 2026)

Diluted EPS divides net income by the weighted average number of shares outstanding in the quarter, plus the shares that options and other equity awards could add. Buybacks shrink that count and lift EPS for the same profit; share issuance and stock awards enlarge it.

Applied Industrial Technologies gives a full-year outlook in its release. After Q1 fiscal 2027 it raised fiscal 2027 EPS guidance to $11.70 to $12.20, from $11.65 to $12.15, because of a lower diluted share count after first-quarter buybacks. It kept sales guidance of up 4.0% to 6.5% and EBITDA margins of 12.5% to 12.8%. (Applied Industrial Technologies Q1 FY27 release, Oct 27, 2026)

The release says organic sales in October were up approximately 10% year over year, and that the guidance assumes no contribution from future acquisitions or share buybacks. (Applied Industrial Technologies Q1 FY27 release, Oct 27, 2026)

A consensus figure is the average of the models published by the analysts who cover Applied Industrial Technologies, collected by a data provider and revised up to the day of the report. A quarter that lands above it says how expectations were set as much as how the business did, and the share price on the day also reflects the guidance and the lines no consensus covers.

The consensus figures on this page are Yahoo Finance's, as pulled on the date shown. Each comes with the number of analysts behind it; the smaller that number, the more one revised estimate can move the average.

The figures below are the ones Applied Industrial Technologies's own release and filings put weight on for Q1 fiscal 2027, with the latest reported value for each.

What the quarter means for a holding is a separate question from what it reported. The case for and against owning AIT is on is AIT a buy or a sell?, what analysts expect next is on the AIT forecast, and what the company does is on the Applied Industrial Technologies (AIT) stock page.

Every number on this page can be traced to a document Applied Industrial Technologies published. Checking one takes a couple of minutes, and it is worth doing before you quote a figure anywhere.

• The results release is the document linked in the source line above. Companies publish it on their investor relations site at the moment results go out, and it carries the headline tables: revenue, operating income, net income and EPS for the quarter and the year-ago quarter.
• The same release is filed with the SEC as Exhibit 99.1 to a Form 8-K under Item 2.02, usually on the day of the report. The SEC copy does not change after the fact, which makes it the safer thing to link when you cite a number.
• The quarterly report (Form 10-Q) follows within a few weeks and carries the full financial statements, the segment note and management's discussion of what changed. The fourth quarter is covered by the annual report (Form 10-K) instead.
• Restated comparisons are flagged in the notes on this page. When a company redraws its segments or changes how it adjusts EPS, it restates the year-ago column, so the year-ago figure in a new release can differ from the one printed a year ago. This page always uses the comparison in the newer release, because that is the like-for-like one.

A walk-through of every line in a release, with what each one tells you, is in how to read an earnings report.