Company Overview - Parker Hannifin Corporation is a Fortune 250 global leader in motion and control technologies, with over a century of experience enabling engineering breakthroughs for a better future [2] - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2] Upcoming Events - Parker Hannifin is scheduled to present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025, at 11:35 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]

Company Overview - Parker Hannifin Corporation is a global leader in motion and control technologies, recognized as a Fortune 250 company [2] - The company has a long-standing history of enabling engineering breakthroughs for over a century [2] - Parker has a notable record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2] Upcoming Events - Parker Hannifin is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025, 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]

Core Points - Parker Hannifin Corporation is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference on February 20, 2025 [1] - The presentation will be available via live webcast on Parker's investor information website and will be archived for future access [1] Company Overview - Parker Hannifin is a Fortune 250 company and a global leader in motion and control technologies [2] - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]

Core Viewpoint - Parker Hannifin Corporation is scheduled to present at the Barclays Industrial Select Conference on February 19, 2025, highlighting its position as a leader in motion and control technologies [1]. Company Overview - Parker Hannifin is a Fortune 250 company recognized as a global leader in motion and control technologies, with over a century of experience in enabling engineering breakthroughs [2]. - The company has a strong track record of increasing its annual dividend per share for 68 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]. Contact Information - Media inquiries can be directed to Aidan Gormley, Director of Global Communications and Branding, at 216-896-3258 or via email at aidan.gormley@parker.com [3]. - Financial analysts can contact Jeff Miller, Vice President of Investor Relations, at 216-896-2708 or via email at jeffrey.miller@parker.com [3].

CLEVELAND, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that Joachim Guhe, President - Europe, Middle East and Africa (EMEA) Group, will retire after 32 years of dedicated service. Mr. Guhe will step down from his current role on June 30, 2025, but continue with the company until August 31, 2025, to ensure a successful leadership transition. The company has appointed Thomas Ottawa, currently Vice President of ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended December 31, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from to Commission File number 1-4982 PARKER-HANNIFIN CORPORATION (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of Incorporatio ...

Core Insights - Parker-Hannifin Corporation reported a record second quarter performance for fiscal year 2025, highlighting the effectiveness of its operational strategies [5]. Group 1: Company Overview - The conference call featured key participants including Todd Leombrun, CFO, and Jenny Parmentier, Chairman and CEO, who provided insights into the company's performance and strategies [3][5]. - The agenda included a discussion on the Win strategy, which is aimed at driving operational excellence within the company [5]. Group 2: Financial Disclosures - The company emphasized the importance of disclosures regarding forward-looking projections and non-GAAP financial measures, indicating that actual results may vary from forecasts [4].

Core Viewpoint - Parker-Hannifin Corporation reported strong adjusted earnings for Q2 fiscal 2025, exceeding consensus estimates, while total sales slightly missed expectations, indicating mixed performance across segments [1][2]. Financial Performance - Adjusted earnings per share were $6.53, beating the Zacks Consensus Estimate of $6.22, and reflecting a 6% year-over-year increase [1]. - Total sales reached $4.74 billion, which was below the consensus estimate of $4.80 billion, but showed a 1.6% year-over-year increase [2]. - Organic sales grew by 0.7% year over year, while orders increased by 5% year over year [2]. Segment Analysis - The Diversified Industrial segment generated sales of $3.25 billion, accounting for 68.6% of total sales, but saw a 7.5% decline year over year [3]. - Sales from Diversified Industrial North America were $1.93 billion, down 8.6% year over year, while Diversified International sales were $1.33 billion, down 5.7% year over year [3]. - The Aerospace Systems segment reported sales of $1.49 billion, representing 31.4% of total sales, with a 14% year-over-year increase driven by aftermarket sales growth [5]. Margin and Cost Structure - Cost of sales was $3.02 billion, down 2.6% year over year, and selling, general and administrative expenses decreased by 3% to $782.4 million [6]. - Adjusted total segment operating income increased by 3.3% year over year to $1.05 billion, with an adjusted total segment operating margin of 22.1%, up 110 basis points year over year [6]. Balance Sheet and Cash Flow - As of the end of Q2, cash and cash equivalents were $395.5 million, down from $422 million at the end of fiscal 2024, while long-term debt decreased to $6.67 billion from $7.16 billion [7]. - Net cash generated from operating activities in the first six months of fiscal 2025 was $1.68 billion, compared to $1.35 billion in the same period last year [7]. Capital Expenditures and Dividends - Capital spending for the first half of the fiscal year totaled $216.5 million, up from $204.1 million in the prior year [8]. - The company paid out cash dividends of $420.1 million, reflecting a 10.2% year-over-year increase [8]. Fiscal Guidance - Parker-Hannifin updated its fiscal 2025 guidance, now expecting total sales to decrease by 2% to increase by 1% year over year, compared to a previous forecast of a 0.5% to 3.5% increase [9]. - Organic sales are projected to increase approximately 2%, and adjusted operating margin is estimated to be around 25.8% [9]. - The company anticipates adjusted earnings to be in the range of $26.40 to $27.00 per share, with the Zacks Consensus Estimate at $26.73 per share [10].

Forward-Looking Statements and Non-GAAP Financial Measures Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as "anticipates," "believes," "may," "should," "could," "expects," "targets," "is likely," "will," or the negative o ...

Core Insights - Parker-Hannifin reported revenue of $4.74 billion for the quarter ended December 2024, reflecting a year-over-year decline of 1.6% and a surprise of -1.17% compared to the Zacks Consensus Estimate of $4.8 billion [1] - The company's EPS for the quarter was $6.53, an increase from $6.15 in the same quarter last year, resulting in an EPS surprise of +4.98% against the consensus estimate of $6.22 [1] Financial Performance Metrics - Parker-Hannifin's stock has returned +4.7% over the past month, outperforming the Zacks S&P 500 composite's +1.2% change, and currently holds a Zacks Rank 3 (Hold) [3] - The reported revenue change of -1.6% was slightly worse than the average estimate of -1.1% based on two analysts [4] - In the Diversified Industrial - North America segment, revenue decreased by 5% compared to an average estimate of -7.2% [4] - Aerospace Systems showed a positive performance with a reported revenue increase of 14%, exceeding the average estimate of 10% [4] - Net sales for Aerospace Systems were $1.49 billion, surpassing the estimated $1.44 billion, marking a +14% change year-over-year [4] - Diversified Industrial - International net sales were reported at $1.32 billion, below the estimated $1.37 billion, reflecting a -5.7% year-over-year change [4] - Adjusted Segment operating income for Diversified Industrial - North America was $426.57 million, lower than the average estimate of $463.50 million [4] - Adjusted Segment operating income for Aerospace Systems was $338.18 million, compared to the average estimate of $395.97 million [4]