Filing Flows › Applied Industrial Technologies (AIT) › Q1 FY27
Applied Industrial Technologies (AIT) Q1 FY27 earnings results (first quarter fiscal 2027)
10-Q filed Oct 27, 2026
Applied Industrial Technologies (AIT) reported revenue of $1.3B for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and -5% from the quarter before. Operating margin was 11.1%, net earnings $110M (8.6% of revenue).
Applied Industrial Technologies, Q1 FY27: revenue $1.3B (+8% year over year), operating margin 11.1%, net earnings $110M, operating cash flow $86.4M. The chart follows the revenue to costs, profit and cash.
| Q1 FY27 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $1.3B | -5% | +8% |
| Gross profit | $392M | -5% | +9% |
| Operating profit | $144M | -10% | +11% |
| Net earnings | $110M | -7% | +10% |
| Operating cash flow | $86.4M | -48% | -28% |
| Free cash flow | $73.4M | — | -35% |
What changed
Revenue was $1.3B in Q1 FY27, up 8% year over year and down 5% from the previous quarter. Service Center was the largest line at 63% of revenue. Engineered Solutions added $0.06B year over year (up 14%), 64% of the total change.
Gross margin was 30.4%, up 0.2 points from Q1 FY26. Operating profit was $0.14B, a 11.1% margin (up 0.4 points year over year). Of the extra revenue versus Q1 FY26, 16% reached operating profit, above the 11% margin then. Operating expenses grew 7% against revenue growth of 8%. Net earnings were $0.11B, up 10% year over year. The effective tax rate was 21.7%.
Operating cash flow was $0.09B (down 28% year over year), 78% of net earnings. Non-cash charges added back $0.02B of depreciation and amortization. Working capital and other items used $0.04B. After capital expenditures ($0.01B), free cash flow as the company reports it was $0.07B.
Questions
What was Applied Industrial Technologies' revenue in the first quarter fiscal 2027?
Applied Industrial Technologies (AIT) reported revenue of $1.3B for the first quarter fiscal 2027 (Q1 FY27), +8% from a year earlier and -5% from the quarter before.
Was Applied Industrial Technologies profitable in the first quarter fiscal 2027?
Operating profit was $144M (11.1% of revenue) and net earnings $110M.