While reporting financial results for the third quarter on Tuesday, Applied Industrial Technologies, Inc. (AIT) provided its adjusted earnings and sales growth guidance for the fourth quarter and raised its outlook for the full-year 2026.
For the fourth quarter, the company expects earnings in a range of $2.85 to $2.96 per share on total sales growth of 4.5 to 6.0 percent, with organic sales growth of 4.0 to 5.5 percent.
Looking ahead to fiscal 2026, the company now projects earnings in a range of $10.64 to $10.75 per share on total sales growth of 7.2 to 7.7 percent, with organic sales growth of 3.8 to 4.2 percent.
Previously, the company expected earnings in the range of $10.45 to $10.75 per share on total sales growth of 5.5 to 7.0 percent, with organic sales growth of 2.5 to 4 percent.
The Company also announced that its Board of Directors declared a quarterly cash dividend of $0.51 per common share, payable on May 29, 2026, to shareholders of record on May 15, 2026.
Further, the Company announced that its Board of Directors authorized a new share buyback program to repurchase up to 3.0 million shares of the Company's common stock.
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April 24, 2026 15:15 ET Economics news flow was relatively light this week even as the conflict in the Middle East continued, raising concerns for policymakers. In the U.S., spending data, initial jobless claims and pending home sales were the highlights. Business confidence in the biggest euro area economy was in focus in Europe. Inflation data from Japan gained attention in Asia.