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Summary of Parker Hannifin Conference Call Company Overview - **Company**: Parker Hannifin - **Industry**: Aerospace and Industrial Technologies Key Points Order Trends and Business Performance - Parker Hannifin reported a positive trend in orders, particularly in aerospace, which has seen four consecutive years of double-digit organic growth [4][5] - Industrial orders have also turned positive, with North America experiencing a 7% increase [5] - The company has shifted focus towards longer cycle businesses, contributing to the positive order trends [5] - Construction and power generation sectors have shown signs of recovery, with construction orders turning positive [6] Pricing and Cost Management - The company has effectively managed pricing versus costs, particularly in light of tariff uncertainties [7] - Parker Hannifin employs a local-for-local manufacturing strategy to mitigate tariff impacts, allowing for efficient procurement and inventory management [12][13] - The company aims to maintain margins and EPS despite external cost pressures [13] Win Strategy and Continuous Improvement - The Win Strategy has been a long-standing initiative focused on operational excellence and continuous improvement [22] - The strategy has evolved over 26 years, with ongoing efforts to eliminate waste and improve efficiency [23] - Recent acquisitions have benefited from the Win Strategy, enhancing their operational performance [24] Growth Projections - The company is guiding for 5% organic growth at the midpoint for FY 2026, aligning with its historical growth framework of 4-6% [36] - Aerospace is expected to continue strong growth, although double-digit growth may become challenging due to tougher comparisons [32][35] - Industrial sectors are showing signs of life, with positive trends in construction and industrial equipment [35] International Market Performance - Asia Pacific has shown strength, particularly in electronics and semiconductors, while Europe has recently posted its first organic growth after seven quarters of decline [87][88] - Latin America remains a challenging market, but the team has achieved record margins despite difficulties [93] Data Centers and Mega Projects - Data center projects are contributing positively to growth, although they remain a small part of the overall business [99][100] - The company has seen benefits from infrastructure builds and mega projects, which have helped maintain a positive outlook [65] Supply Chain and Customer Relationships - Supply chain conditions have improved, with less disruption reported compared to previous years [105] - Strong partnerships with aerospace customers have enhanced the company's ability to meet demand and improve service offerings [106] Future Innovations and Trends - The company is focused on next-generation aircraft and increasing electronic integration across its product lines [198] - Parker Hannifin aims to leverage its strong position in aerospace to secure future contracts and capitalize on emerging trends [198] Financial Health and Acquisition Strategy - Parker Hannifin's balance sheet remains strong, with significant cash flow generation allowing for potential acquisitions [176] - The company emphasizes thoughtful acquisitions that align with its strategic goals and operational synergies [177] Conclusion - Parker Hannifin is positioned for continued growth through strategic focus on aerospace, effective cost management, and a commitment to operational excellence. The company remains optimistic about future opportunities while navigating economic uncertainties.

Company Overview - Parker-Hannifin Corporation has been in the motion and control space for 109 years [3] - The company is guiding for $21 billion in sales for the current year, with sales exposure nearly equally split across its business segments [3] Business Segments - Aerospace segment accounts for 31% of total sales [3] - Diversified Industrial segment is divided into North America (40%) and International (30%) [3] - Technology platforms include Filtration and Engineered Materials (nearly 30%), Flow and Process Control (over 20%), and Motion Systems (17%) [4]

Summary of Parker-Hannifin FY Conference Call Company Overview - Parker-Hannifin Corporation has been in the motion control space for 109 years and is guiding for $21 billion in sales for the fiscal year 2026, with sales exposure split across various segments: 31% aerospace, 30% filtration and engineered materials, 20% flow and process control, and 17% motion systems [2][3] Core Business Segments - The company has a diversified portfolio with significant exposure to aerospace and defense, plant and industrial equipment (20%), transportation (15%), and off-highway (13%) [4][5] - Two-thirds of the portfolio is sold to customers purchasing from four or more technology platforms, indicating strong interconnectivity and customer reliance on multiple offerings [3] Financial Performance - Parker-Hannifin has achieved a 6% CAGR in revenue over the past 10 years, with a margin expansion of 1,150 basis points and EPS growth of 16% CAGR [7] - The company has added five companies to its portfolio, contributing to 40% of EPS growth, and is looking forward to the acquisition of the Filtration Group [8] Market Dynamics - The aerospace segment has shown double-digit organic growth for three consecutive years, while the industrial side has recently turned positive after two years of negative growth [9][10] - Positive trends are noted in in-plant and industrial equipment, mining, construction, and energy sectors, while transportation remains challenging [10][11] Strategic Initiatives - The "Win Strategy" has been pivotal in driving growth, margin expansion, and cash flow generation, with decentralized operations allowing for individual P&L accountability [5][6] - The company is focusing on longer-cycle business opportunities, with a record backlog indicating strong future demand [31] Automation and Technology - Parker-Hannifin is investing in automation within its facilities and is seeing similar trends among customers, particularly in robotics and material handling applications [38][41] - The company emphasizes a balanced approach to automation, focusing on efficiency and waste reduction before implementing large-scale automation [38] Acquisition Strategy - The company has a robust acquisition pipeline, with a focus on businesses that have a history of faster growth than legacy operations. The integration of Curtis is proceeding as planned, and preparations for the Filtration Group acquisition are underway [90][92][93] - The Filtration Group acquisition is expected to enhance the company's filtration aftermarket exposure by 500 basis points [110] Margin and Growth Targets - Parker-Hannifin has set a target of 27% segment operating margin by FY 2029, with expectations for continued margin expansion beyond that [106] - The company aims for organic growth of 4-6% and EPS growth of over 10% annually, alongside maintaining a strong dividend record [106] Conclusion - Parker-Hannifin is well-positioned for future growth with a diversified portfolio, strong market presence in aerospace and industrial sectors, and a strategic focus on long-term growth and margin expansion through innovation and acquisitions [72][106]

With a market cap of $126.4 billion, Parker-Hannifin Corporation (PH) is a global manufacturer of motion and control technologies serving aerospace and defense, industrial, transportation, energy, and HVAC and refrigeration markets across North America, Europe, Asia Pacific, and Latin America. It operates through its Diversified Industrial and Aerospace Systems segments, delivering a broad portfolio of advanced systems and components to OEMs, distributors, and direct customers worldwide. Shares of the Cl ...

Group 1 - Parker Hannifin Corporation is scheduled to present at Citi's 2026 Global Industrial Tech and Mobility Conference on February 19, 2026, at 11:20 a.m. Eastern time [1] - A live webcast of the presentation will be available on Parker's investor information website and will be archived for future access [1] - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies, with a history of enabling engineering breakthroughs for over a century [2] Group 2 - The company has increased its annual dividend per share for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]

Company Announcement - Parker Hannifin Corporation is scheduled to present at the Barclays 43 Industrial Select Conference in Miami Beach, Florida on February 18, 2026 at 11:00 a.m. Eastern time [1] - A live webcast of the presentation will be accessible on Parker's investor information website and will be archived on the site [1] Company Profile - Parker Hannifin is a Fortune 250 global leader in motion and control technologies, with over a century of experience enabling engineering breakthroughs [2] - The company has increased its annual dividend per share paid to shareholders for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]

Core Insights - The U.S. stock market's AI-driven bull run from 2023 to 2025 has continued into 2026, benefiting various sectors, particularly old-economy stocks in industrials, finance, auto, materials, and construction [1] Group 1: Investment Opportunities - Investing in old-economy stocks with a favorable Zacks Rank is expected to yield profits in 2026, providing opportunities for portfolio diversification [2] - Five old-economy stocks with strong earnings results and favorable Zacks Rank include Parker-Hannifin Corp. (PH), The Goldman Sachs Group Inc. (GS), GE Aerospace (GE), C.H. Robinson Worldwide Inc. (CHRW), and Carpenter Technology Corp. (CRS) [3] Group 2: Parker-Hannifin Corp. (PH) - Parker-Hannifin reported adjusted earnings of $7.65 per share for Q2 fiscal 2026, exceeding the Zacks Consensus Estimate of $7.15, with total sales of $5.17 billion surpassing the consensus estimate of $5.04 billion [6] - The company benefits from steady demand in commercial and military markets, with a Win strategy driving margins and shareholder value [7][8] - Expected revenue and earnings growth rates for PH are 6.8% and 12.9%, respectively, for the current year, with a current dividend yield of 0.74% [11] Group 3: The Goldman Sachs Group Inc. (GS) - Goldman Sachs reported Q4 2025 earnings per share of $14.01, exceeding the Zacks Consensus Estimate of $11.77, while net revenues were $13.45 billion, slightly below the estimate of $13.61 billion [12] - The firm is focusing on its core strengths in investment banking and trading, with expansion in the private equity credit market expected to diversify revenue [14] - Expected revenue and earnings growth rates for GS are 8.6% and 10.3%, respectively, for the current year, with a current dividend yield of 1.70% [16] Group 4: GE Aerospace - GE Aerospace's Q4 adjusted earnings were $1.57 per share, beating the Zacks Consensus Estimate of $1.44, with adjusted revenues of $11.87 billion exceeding the estimate of $11.26 billion [17] - The company is experiencing strong demand for commercial engines and propulsion technologies, supported by rising defense budgets and robust air travel demand [18] - Expected revenue and earnings growth rates for GE are 13.8% and 17%, respectively, for the current year, with a current dividend yield of 0.45% [19] Group 5: C.H. Robinson Worldwide Inc. (CHRW) - C.H. Robinson reported Q4 2025 adjusted earnings of $1.23 per share, surpassing the Zacks Consensus Estimate of $1.12, while total revenues of $3.91 billion narrowly missed the estimate of $3.95 billion [20] - The company is focused on shareholder returns through dividends and share repurchases, with AI integration enhancing operational efficiency [22] - Expected revenue and earnings growth rates for CHRW are 3.9% and 15.9%, respectively, for the current year, with a current dividend yield of 1.26% [23] Group 6: Carpenter Technology Corp. (CRS) - Carpenter Technology reported adjusted earnings of $2.33 per share for Q2 fiscal 2026, beating the Zacks Consensus Estimate of $2.20, with net revenues of $728 million slightly below the estimate of $729 million [24] - The company is experiencing strong booking growth and robust demand in Aerospace and Defense, with a positive outlook supported by strategic acquisitions [26] - Expected revenue and earnings growth rates for CRS are 6.6% and 36.5%, respectively, for the current year, with a current dividend yield of 0.22% [27]

Core Viewpoint - Consistency in dividend growth is a key indicator of a company's long-term performance and stability [1] Group 1: Dividend Kings - Dividend Kings exemplify consistency and have shown exceptional long-term performance, making them attractive investment options [2] - A focus on Dividend Kings that have performed well over the past several years reveals standout companies in this category [2] Group 2: Stock Selection Methodology - A stock screener was utilized to filter and identify companies, resulting in 23 candidates, with a focus on the one with the highest 5-Year Percent Change [3] Group 3: Parker-Hannifin Corp Overview - Parker-Hannifin Corp (PH) is an industrial technology company specializing in motion and control technologies, serving aerospace and industrial markets [6] - The company has transformed its business mix through acquisitions, including the Filtration Group, enhancing its growth profile [7] Group 4: Financial Performance - Parker-Hannifin's stock has increased approximately 250% over the past 5 years and over 867% in the last 10 years, marking it as the best-performing Dividend King in both timeframes [7] - In the latest quarterly financials, Parker reported a 9% year-over-year increase in sales to $5.2 billion, while net income decreased by 11% to $845 million due to higher costs, which is typical during investment periods [8]