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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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.