APPLIED INDUSTRIAL TECHNOLOGIES INC

AIT 10-Q · Q3 2026

AIT Q3 2026 request

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Income Statement

Income Statement
Metric Q3 2026 Q3 2025 YoY
Revenue 1,251,453 1,166,749 +7.3%
Show Business Segments breakouts
Engineered Solutions 446,516 405,147 +10.2%
Engineered Solutions · Intersegment Elimination 20,151 12,069 +67.0%
Engineered Solutions · Operating Segments 466,667 417,216 +11.9%
Engineered Solutions · Other countries 21,858 16,343 +33.7%
Engineered Solutions · US 424,658 388,804 +9.2%
Service Center 804,937 761,602 +5.7%
Service Center · CA 70,783 71,555 -1.1%
Service Center · Intersegment Elimination 1,080 858 +25.9%
Service Center · Operating Segments 806,017 762,460 +5.7%
Service Center · Other countries 51,690 46,568 +11.0%
Service Center · US 682,464 643,479 +6.1%
Show Geography breakouts
CA 70,783 71,555 -1.1%
Other countries 73,548 62,911 +16.9%
US 1,107,122 1,032,283 +7.2%
Show Consolidation Items breakouts
Intersegment Elimination 21,231 12,927 +64.2%
Operating Segments 1,272,684 1,179,676 +7.9%
Cost of Revenue 870,649 811,459 +7.3%
Show Business Segments breakouts
Engineered Solutions 300,748 273,076 +10.1%
Service Center 569,901 538,383 +5.9%
Gross Profit 380,804 355,290 +7.2%
Selling, General & Administrative 242,879 225,888 +7.5%
Show Business Segments breakouts
Engineered Solutions 94,132 87,553 +7.5%
Service Center 125,626 116,833 +7.5%
Operating Income 137,925 129,402 +6.6%
Show Business Segments breakouts
Engineered Solutions 51,636 44,518 +16.0%
Reportable Segments 161,046 150,904 +6.7%
Service Center 109,410 106,386 +2.8%
Other Non-Operating Income (Expense) 350 1,267 -72.4%
Income Before Taxes 135,128 127,282 +6.2%
Income Tax Expense (Benefit) 35,359 27,483 +28.7%
Net Income 99,769 99,799 -0.0%
Show Equity Components breakouts
Parent 99,769 99,799 -0.0%
Retained Earnings 99,769 99,799 -0.0%
Comprehensive Income 96,578 98,871 -2.3%
EPS (Basic) 2.68 2.6 +3.1%
EPS (Diluted) 2.65 2.57 +3.1%
Wtd Avg Shares (Basic) 37,223 38,322 -2.9%
Wtd Avg Shares (Diluted) 37,684 38,847 -3.0%
Interest Income Expense Net 2,447 853 +186.9%
Foreign Currency Transaction Gain Loss Before Tax 241 997 -75.8%

Balance Sheet

Balance Sheet
Metric Q3 2026 Q3 2025 YoY
Current Assets
Cash Cash Equivalents And Short Term Investments 171,576 352,842 -51.4%
Accounts Receivable 792,849 754,638 +5.1%
Inventory 526,324 500,562 +5.1%
Other Assets Current 90,457 83,311 +8.6%
Total Current Assets 1,581,206 1,691,353 -6.5%
Non-Current Assets
Property, Plant & Equipment 128,037 127,039 +0.8%
Operating Lease Right-of-Use Assets 181,830 191,099 -4.9%
Goodwill 704,998 694,193 +1.6%
Show Business Segments breakouts
Engineered Solutions 479,186 474,179 +1.1%
Service Center 225,812 220,014 +2.6%
Other Non-Current Assets 69,951 61,033 +14.6%
Total Assets 2,988,711 3,115,663 -4.1%
Show Business Segments breakouts
Engineered Solutions 1,393,249 1,449,211 -3.9%
Service Center 1,595,462 1,666,452 -4.3%
Intangible Assets 322,689 350,946 -8.1%
Show Finite Lived Intangible Assets By Major Class breakouts
Customer Relationships 257,717 278,609 -7.5%
Other Intangible Assets 3,735 4,526 -17.5%
Trade Names 61,237 67,811 -9.7%
Other Assets
Intangible Assets Net Excluding Goodwill 322,689 350,946 -8.1%
Current Liabilities
Accounts Payable 303,057 282,191 +7.4%
Current Portion of Long-Term Debt 18,000
Show Credit Facility breakouts
Revolving Credit Facility 18,000
Employee Related Liabilities Current 88,529 82,350 +7.5%
Other Liabilities Current 127,036 109,649 +15.9%
Total Current Liabilities 536,622 474,190 +13.2%
Non-Current Liabilities
Long-Term Debt 347,300 572,300 -39.3%
Other Non-Current Liabilities 244,746 241,692 +1.3%
Total Liabilities 1,128,668 1,288,182 -12.4%
Stockholders' Equity
Common Stock 10,000 10,000 0.0%
Additional Paid In Capital Common Stock 202,368 196,610 +2.9%
Retained Earnings 2,707,720 2,375,017 +14.0%
Treasury Stock Value -964,523 -647,384 -49.0%
Accumulated Other Comprehensive Income -95,522 -106,762 +10.5%
Total Stockholders' Equity 1,860,043 1,827,481 +1.8%
Show Equity Components breakouts
Accumulated Other Comprehensive Income -95,522 -106,762 +10.5%
Additional Paid In Capital 202,368 196,610 +2.9%
Common Stock 10,000 10,000 0.0%
Parent 1,860,043 1,827,481 +1.8%
Retained Earnings 2,707,720 2,375,017 +14.0%
Treasury Stock Common -964,523 -647,384 -49.0%
Total Liabilities & Equity 2,988,711 3,115,663 -4.1%

Cash Flow Statement

Cash Flow Statement
Metric YTD Q3 2026 YTD Q3 2025 YoY
Operating Activities
Other Non-Cash Items 18,103 -1,050 +1824.1%
Change in Deferred Revenue 4,331
Net Cash from Operations 319,086 345,337 -7.6%
Investing Activities
Net Cash from Investing -28,751 -290,585 +90.1%
Financing Activities
Share Repurchases -236,379 -79,794 -196.2%
Tax Withholding for Share Compensation -12,812 -14,332 +10.6%
Debt Issuance Costs -1,611
Show Credit Facility breakouts
Revolving Credit Facility -1,611
Amortization of Financing Costs 47
Net Cash from Financing -507,157 -157,166 -222.7%
Other Cash Flow
Net Change in Cash -216,841 -107,775 -101.2%

Values in thousands USD. Source: SEC EDGAR 10-Q filing.

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