06:43 AM EST, 01/27/2026 (MT Newswires) -- Applied Industrial Technologies ( AIT ) reported fiscal Q2 earnings Tuesday of $2.51 per diluted share, up from $2.39 a year earlier.

Analysts polled by FactSet expected $2.49.

Net sales for the quarter ended Dec. 31 were $1.16 billion, compared with $1.07 billion a year earlier.

Analysts polled by FactSet expected $1.17 billion.

The company said it now expects fiscal 2026 earnings of $10.45 to $10.75 per share, compared with the previous range of $10.10 to $10.85. Analysts polled by FactSet expect $10.69.

Sales growth for the fiscal year is now expected at 5.5% to 7%, from 4% to 7% previously. Analysts polled by FactSet expect revenue of $4.87 billion.

Applied Industrial Technologies ( AIT ) also said its board approved an 11% increase in quarterly dividend to $0.51 per common share, payable Feb. 27 to shareholders of record as of Feb. 13.