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SEC filingRevenue grew 7.3% to $1.3B driven by organic volume and price increases across core segments, with gross and operating margins stable despite LIFO expense pressure, though net income held flat and operating cash flow softened.
Applied Industrial Technologies delivered revenue growth of 7.3% to $1.3 billion in Q3 FY2026, outpacing the prior year's $1.2 billion. This topline expansion stemmed from organic contributions, as excluding impacts from acquired businesses and foreign currency translation, sales rose primarily from volume growth in both the Service Center and Engineered Solutions segments alongside modest price contributions. Such dynamics underscore resilience in core operations amid varying industrial demand signals like Federal Reserve MIP, MCU indices, and ISM PMI.
Operating income climbed 6.6% to $137.9 million, yielding an 11.0% margin on revenue leverage from the stronger topline, with expenses held in check. The slight margin contraction from prior levels reflects disciplined operations supporting profitability amid growth.