Parker Hannifin Corporation (NYSE:PH) Q4 2023 Results Conference Call August 3, 2023 11:00 AM ET Company Participants Jenny Parmentier - CEO Todd Leombruno - CFO Lee Banks - Vice Chairman and President Conference Call Participants Julian Mitchell - Barclays Joe Ritchie - Goldman Sachs Andrew Obin - Bank of America Nathan Jones - Stifel Jeff Sprague - Vertical Research Partners David Raso - Evercore ISI Josh Pokrzywinski - Morgan Stanley Joe O’Dea - Wells Fargo Jamie Cook - Credit Suisse Jeffrey Hammond - Ke ...

OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, D.C. 20549 FORM 10-Q For the transition period from to ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 Commission File number 1-4982 For the quarterly period ended March 31, 2023 PARKER-HANNIFIN CORPORATION (Exact name of registrant as specified in its charter) | | | (State or other jurisdiction of Incorporation o ...

Fiscal 2023 Third Quarter Earnings Presentation LISTED May 4, 2023 Non-GAAP Financial Measures Among other factors which may affect future performance are: the impact of the global outbreak of COVID-19 and governmental and other actions taken in response; changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract ...

Parker-Hannifin Corporation (NYSE:PH) Q3 2023 Earnings Conference Call May 4, 2023 11:00 AM ET Company Participants Todd Leombruno - Executive Vice President & Chief Financial Officer Jennifer Parmentier - Chief Executive Officer Lee Banks - Vice Chairman & President Conference Call Participants Joe Ritchie - Goldman Sachs Andrew Obin - Bank of America Scott Davis - Melius Research Mig Dobre - Baird Julian Mitchell - Barclays Jamie Cook - Credit Suisse Nathan Jones - Stifel Nigel Coe - Wolfe Research Jeffre ...

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, 2022 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 ...

Parker-Hannifin Corporation (NYSE:PH) Q2 2023 Earnings Conference Call February 2, 2023 11:00 AM ET Company Participants Todd Leombruno - EVP & CFO Jennifer Parmentier - CEO Lee Banks - Vice Chairman and President Conference Call Participants Jamie Cook - Credit Suisse Andrew Obin - Bank of America Scott Davis - Melius Research Julian Mitchell - Barclays Jeffrey Sprague - Vertical Research Partners Mircea Dobre - Robert W. Baird & Co. Stephen Volkmann - Jefferies Joshua Pokrzywinski - Morgan Stanley Joseph ...

Financial Performance - Net sales for the three months ended September 30, 2022, were $4,233 million, an increase of 12.5% compared to $3,763 million for the same period in 2021[91]. - Gross profit margin improved to 34.0% in the current year from 33.4% in the prior year, primarily due to higher sales volume and cost management[91]. - Selling, general and administrative expenses rose to $836 million, representing 19.7% of sales, up from 16.7% in the prior year[91]. - Net income decreased to $388 million, or 9.2% of sales, compared to $451 million, or 12.0% of sales, in the prior year[91]. - The Diversified Industrial North America segment reported net sales of $2,132 million, an increase of 18.8% year-over-year, while the International segment saw a slight decline of 1.6%[104][106]. - Aerospace Systems Segment net sales for the current-year quarter reached $746 million, up from $593 million in the prior-year period, with Meggitt contributing $115 million in sales[117][118]. Expenses and Margins - The operating margin for the Aerospace Systems Segment decreased to 12.4% from 20.0% year-over-year, attributed to higher commercial OEM volume and acquisition-related expenses[117][119]. - The effective tax rate for the current quarter was 22.9%, higher than the 21.0% in the comparable prior-year period[91]. - The company experienced a foreign currency transaction loss of $36 million in the current quarter, compared to a gain of $9 million in the prior year[98]. Backlog and Future Expectations - The backlog for the Diversified Industrial Segment increased to $4,901 million, up from $3,583 million in the prior year[104]. - As of September 30, 2022, the backlog for the Diversified Industrial Segment increased to $4.5 billion, primarily due to orders exceeding shipments and the addition of Meggitt backlog[114]. - The company anticipates incurring approximately $40 million in additional business realignment and acquisition integration charges for the remainder of fiscal 2023[112]. - The company expects to incur approximately $46 million in additional business realignment and acquisition integration charges in the remainder of fiscal 2023[120]. - The company anticipates that changes in economic conditions, including the impacts of the Russia-Ukraine war and COVID-19, may materially affect future performance[154]. Cash Flow and Financing - Cash provided by operating activities increased to $457 million for the first three months of fiscal 2023, compared to $424 million in the same period of fiscal 2022[129]. - Cash flows from investing activities were significantly impacted by strategic acquisitions and capital expenditures of $84 million in fiscal 2023[131]. - The company has a line of credit totaling $3.0 billion, with $1.7 billion available as of September 30, 2022[138]. - The debt to debt-shareholders' equity ratio was 0.62 to 1.0 as of September 30, 2022, indicating compliance with financial covenants[140]. Acquisitions and Divestitures - The company completed the acquisition of Meggitt for an aggregate cash purchase price of $7.2 billion, including debt assumption, at a price of 800 pence per share[145]. - The company sold its aircraft wheel and brake business for proceeds of $441 million as part of commitments made to the European Commission regarding the Meggitt acquisition[147]. - Acquisitions and divestitures impacted sales by approximately $143 million and $3 million, respectively, during the current-year quarter[94]. Debt and Interest Rates - A 100 basis point increase in near-term interest rates would increase annual interest expense on variable rate debt by approximately $37 million[153]. - The company has a debt portfolio that includes $2 billion of variable rate debt, aiming for a 60/40 mix between fixed and variable rate debt[153]. - The company fully drew against a $2.0 billion Term Loan Facility in September 2022 to finance part of the acquisition, which matures in September 2025[144]. Currency Risk Management - The company expects to manage foreign currency transaction and translation risk using existing processes, especially after the acquisition of Meggitt[150]. - The company has deal-contingent forward contracts with an aggregate notional amount of £6.4 billion to mitigate currency risk related to the acquisition[146]. - The company does not believe that changes in the availability of supply chain financing will significantly impact its liquidity[142].

Parker-Hannifin Corporation (NYSE:PH) Q1 2023 Earnings Conference Call November 3, 2022 11:00 AM ET Company Participants Todd Leombruno - EVP & CFO Thomas Williams - Chairman & CEO Jennifer Parmentier - COO Lee Banks - Vice Chairman & President Conference Call Participants Scott Davis - Melius Research Andrew Obin - Bank of America Merrill Lynch Jeffrey Sprague - Vertical Research Partners David Raso - Evercore ISI Stephen Volkmann - Jefferies Jamie Cook - Crédit Suisse Nigel Coe - Wolfe Research Joseph Rit ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D. C. 20549 FORM 10-K 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 No. 1-4982 PARKER-HANNIFIN CORPORATION (Exact name of registrant as specified in its charter) Ohio 34-0451060 (State or other jurisdiction of Incorporation or Organization) (I.R.S. Employer Identification No.) 6035 Parkland Boulevard, Cleveland, Ohio 44124-4141 (Address of Principal E ...

Parker-Hannifin Corporation (NYSE:PH) Q4 2022 Earnings Conference Call August 4, 2022 11:00 AM ET Company Participants Todd Leombruno - Chief Financial Officer Tom Williams - Chairman & Chief Executive Officer Lee Banks - Vice Chairman & President Conference Call Participants Jeff Sprague - Vertical Research Partners Joe Ritchie - Goldman Sachs Scott Davis - Melius Research Stephen Volkmann - Jefferies Jamie Cook - Credit Suisse David Raso - Evercore ISI Nigel Coe - Wolfe Research Joseph O'Dea - Wells ...