Parker-Hannifin (PH) came out with quarterly earnings of $6.77 per share, beating the Zacks Consensus Estimate of $6.23 per share. This compares to earnings of $6.08 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of 8.67%. A quarter ago, it was expected that this maker of motion and control products would post earnings of $6.10 per share when it actually produced earnings of $6.51, delivering a surprise of 6.72%. Over the last ...

Exhibit 99.1 Parker Reports Fiscal 2024 Fourth Quarter and Full Year Results and Issues Guidance for Fiscal 2025 Strong Fourth Quarter Caps Record Year; Guidance and FY29 Targets Point to Bright Future CLEVELAND, August 8, 2024 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: • ...

CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

Parker-Hannifin Corporation (PH) is slated to release fourth-quarter fiscal 2024 (ended Jun 30, 2024) results on Aug 8, before market open. The Zacks Consensus Estimate for revenues is pegged at $5.1 billion, relatively flat with the prior-year quarter's reported number. The consensus mark for earnings is pinned at $6.23 per share, which has increased by a penny in the past 60 days. The figure indicates an increase of 2.5% from the prior-year reported figure. The company has a stellar earnings surprise hist ...

Parker-Hannifin (PH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers are better than e ...

CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. Th ...

"One element of our strategy is assessing whether we are the best owner for certain businesses or whether they could be more successful as part of another organization," said Chairman and Chief Executive Officer, Jenny Parmentier. "The CFC Division is a solid business with strong performance and growth potential backed by a great team, whom we wish continued success under the ownership of SK Capital Partners." Parker has also completed the divestiture of several other businesses or product lines over the pa ...

"One element of our strategy is assessing whether we are the best owner for certain businesses or whether they could be more successful as part of another organization," said Chairman and Chief Executive Officer, Jenny Parmentier. "The CFC Division is a solid business with strong performance and growth potential backed by a great team, whom we wish continued success under the ownership of SK Capital Partners." CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global le ...

In the quarters ahead, the segment is expected to benefit from solid demand for its products and aftermarket support services in general aviation and military end markets. The company expects the Aerospace Systems segment's organic sales to increase approximately 15% from the year-ago levels in fiscal 2024. Parker-Hannifin's unique Win Strategy, which focuses on driving its organic and long-term growth, also supports its margin performance. In the fiscal third quarter, PH's adjusted operating margin increas ...