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 September 30, 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 IncorporationorOr ...

CLEVELAND, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced it has completed the previously announced divestiture of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners.  “We are pleased to have completed this sale for the North America Composites and Fuel Containment Division,” said Jenny Parmentier, Chairman and Chief Executive Officer. “One element of ...

Parker-Hannifin Corporation (PH) reported first-quarter fiscal 2025 (ended Sept. 30, 2024) adjusted earnings (excluding 86 cents from non-recurring items) of $6.20 per share, which beat the Zacks Consensus Estimate of $6.13. The bottom line jumped 4% year over year.Total sales of $4.9 billion missed the consensus estimate of $4.91 billion. The top line increased 1.2% year over year. Strength across businesses and transformed portfolio drove the top line. Organic sales grew 1.4% year over year. Orders grew 1 ...

For the quarter ended September 2024, Parker-Hannifin (PH) reported revenue of $4.9 billion, up 1.2% over the same period last year. EPS came in at $6.20, compared to $5.96 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $4.91 billion, representing a surprise of -0.04%. The company delivered an EPS surprise of +1.14%, with the consensus EPS estimate being $6.13.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how ...

Parker-Hannifin (PH) came out with quarterly earnings of $6.20 per share, beating the Zacks Consensus Estimate of $6.13 per share. This compares to earnings of $5.96 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.14%. A quarter ago, it was expected that this maker of motion and control products would post earnings of $6.23 per share when it actually produced earnings of $6.77, delivering a surprise of 8.67%.Over the last fo ...

CLEVELAND, Oct. 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2024, that included the following highlights (compared with the prior year quarter): Fiscal 2025 First Quarter Highlights: Sales increased 1.2% to $4.9 billion; Organic sales growth was 1.4%Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4%EPS were $5.34, an increase of 7% ...

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying stocks that can fulfill this potential is challenging [1] Group 1: Company Overview - Parker-Hannifin (PH) is identified as a promising growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company specializes in motion and control products, making it a strong candidate for growth investment [3] Group 2: Earnings Growth - Parker-Hannifin has a historical EPS growth rate of 21.5%, with projected EPS growth of 4.9% this year, surpassing the industry average of 3.7% [4] - Earnings growth is crucial for investors, particularly double-digit growth, which indicates strong prospects [3] Group 3: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.3%, significantly higher than the industry average of 9.9% [5] - Historical cash flow growth has been annualized at 16.3% over the past 3-5 years, compared to the industry average of 8% [6] Group 4: Earnings Estimate Revisions - There have been upward revisions in current-year earnings estimates for Parker-Hannifin, with the Zacks Consensus Estimate increasing by 0.1% over the past month [8] - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating favorable conditions for the stock [7] Group 5: Investment Positioning - Parker-Hannifin holds a Growth Score of B and a Zacks Rank of 2, positioning it well for potential outperformance in the growth stock category [8][9]

Company Overview - Parker-Hannifin currently holds a Momentum Style Score of A, indicating strong potential for momentum investing [1] - The company has a Zacks Rank of 2 (Buy), which is part of a stock rating system known for its outperformance [2] Price Performance - Over the past week, Parker-Hannifin shares increased by 1.03%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.84% [3] - The monthly price change for Parker-Hannifin is 4.67%, compared to the industry's performance of 3.52% [3] - In the last quarter, shares of Parker-Hannifin have risen by 20.45%, and over the past year, they are up 68.21%, while the S&P 500 has only moved 3.41% and 35.3%, respectively [3] Trading Volume - The average 20-day trading volume for Parker-Hannifin is 530,389 shares, which serves as a bullish indicator when combined with rising stock prices [3] Earnings Outlook - In the past two months, five earnings estimates for Parker-Hannifin have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $26.57 to $26.68 [4] - For the next fiscal year, three estimates have also moved upwards with no downward revisions [4] Conclusion - Given the strong price performance, positive earnings outlook, and high Momentum Style Score, Parker-Hannifin is positioned as a solid momentum pick for investors [4]

Core Viewpoint - Investors are seeking growth stocks that demonstrate above-average growth potential, with Parker-Hannifin identified as a strong candidate due to its favorable growth metrics and Zacks Rank [2][10]. Group 1: Earnings Growth - Parker-Hannifin has a historical EPS growth rate of 21.5%, with projected EPS growth of 4.7% for the current year, surpassing the industry average of 4.5% [5]. - Double-digit earnings growth is preferred by growth investors as it indicates strong future prospects [4]. Group 2: Cash Flow Growth - The company exhibits a year-over-year cash flow growth of 17.3%, significantly higher than the industry average of 10.2% [6]. - Historical annualized cash flow growth for Parker-Hannifin stands at 16.3% over the past 3-5 years, compared to the industry average of 8.4% [7]. Group 3: Earnings Estimate Revisions - Current-year earnings estimates for Parker-Hannifin have been revised upward, with the Zacks Consensus Estimate increasing by 0.1% over the past month [9]. - Positive trends in earnings estimate revisions correlate strongly with near-term stock price movements, indicating potential for price appreciation [8]. Group 4: Overall Assessment - Parker-Hannifin holds a Zacks Rank of 2 (Buy) and a Growth Score of B, reflecting its strong growth characteristics and potential as a solid choice for growth investors [10][11].

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Parker-Hannifin (PH) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat. This maker of motion and control products has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the las ...