Strategic Acquisitions Fuel Applied Industrial’s Quarterly Growth
01.02.2026 - 09:06:05
Applied Industrial Technologies has released its second-quarter financial results, revealing a period of strategic expansion and shareholder returns. The industrial service provider managed to increase revenue and raise its dividend for the 17th time since 2010, despite operating in what company leadership described as an inconsistent demand environment.
The company reported a solid uptick in key financial metrics for the quarter. Revenue reached $1.2 billion, marking an 8.4% increase year-over-year. This growth was accompanied by a 3.9% rise in EBITDA, which climbed to $140.4 million. Earnings per share (EPS) came in at $2.51. In a move highlighting confidence in its financial trajectory, the board declared a quarterly dividend of $0.51 per share, an 11% increase. This dividend will be Read more...
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