Company Overview - Parker-Hannifin Corporation (NYSE: PH) is a leader in motion and control technologies, serving a broad range of industries with an impressive portfolio of products [1] - The company specializes in manufacturing components used in diverse industrial applications and products [1] Analyst Background - The analyst has a background in both equity and real estate markets, with a focus on identifying long-only opportunities that offer safe and growing dividends [1] - The analyst has extensive experience in real estate investment, having successfully sourced over $100 million in commercial real estate investments [1] - The analyst's emphasis on correlation across asset classes and sectors, combined with a background in economics, enables the provision of timely analyses and strategies for investors [1] Disclosure - The analyst has a beneficial long position in Parker-Hannifin Corporation (PH) through stock ownership, options, or other derivatives [1] - The article expresses the analyst's own opinions and is not influenced by any compensation or business relationships with the mentioned companies [1]

Parker-Hannifin (NYSE: PH ) is a large cap company with a market capitalization of $82 billion operating in the industrial machinery and supplies and components industry. It attracts investors who seek solid, medium to long-term alternatives with a defensive profile. The company hasMr. Mavroudis is a professional portfolio manager specializing in institutional and private portfolios. He focuses on risk management, which is accompanied by in-depth financial market analysis (fundamental, macro and technical) ...

Core Insights - Parker-Hannifin Corporation (PH) is experiencing growth in its Aerospace Systems segment, with organic revenues increasing by 17.2% year over year in Q1 of fiscal 2025 [1] - The company anticipates a 10% increase in organic sales for the Aerospace Systems segment in fiscal 2025 [2] - PH is focusing on acquisitions to strengthen its business, notably acquiring Meggitt, which contributed to a 2.6% sales boost in fiscal 2024 [3] Financial Performance - The company divested non-profitable businesses, including a composites and fuel containment business for $560 million and a filtration business for $66 million, to focus on its core Aerospace business [4] - In fiscal 2024, PH rewarded shareholders with $782 million in dividends, an 11% increase year over year, and raised its quarterly dividend rate by 10% in April 2024 [5] - PH's shares have increased by 20.9% over the past three months, outperforming the industry growth of 13.5% [6] Challenges - The Diversified Industrial segment is facing difficulties, with organic sales declining by 4.5% year over year in Q1 of fiscal 2025 due to challenging conditions in off-highway and transportation markets [6] - The company's liquidity position is concerning, with cash and cash equivalents at $371.1 million compared to short-term debt of approximately $3.5 billion [7]

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 ...

Financial Data and Key Metrics Changes - The company reported record Q1 sales of $4.9 billion, with organic growth of 1.4% and adjusted earnings per share (EPS) growth of 4% to $6.20 [8][20][30] - Adjusted segment operating margin increased by 80 basis points to 25.7%, and adjusted EBITDA margin reached a record of 24.9% [20][24] - Cash flow from operations increased by 14% to $744 million, with free cash flow rising 17% to $649 million [30] Business Line Data and Key Metrics Changes - Aerospace Systems segment sales were $1.4 billion, an 18% increase year-over-year, driven by strong growth in commercial and defense markets [29] - In-plant & Industrial Equipment experienced negative organic growth of 5% in North America, while international sales were $1.4 billion with negative organic growth of 2% [25][27] - HVAC returned to growth, while transportation and off-highway verticals remained soft [25] Market Data and Key Metrics Changes - Asia Pacific organic growth improved to 3.2%, while Latin America saw a positive growth of 14%, offset by an 8% decline in EMEA [27] - Aerospace order rates were positive at 7%, indicating strong demand despite tough comparisons [29] - North American orders decreased by 3% in the quarter, reflecting ongoing challenges in the energy and industrial sectors [26] Company Strategy and Development Direction - The company is focused on its "Win Strategy," which emphasizes decentralized operations and customer-centric solutions [9][10] - The company aims to leverage its interconnected technologies across various market verticals, with a significant portion of revenue coming from customers utilizing multiple technologies [11] - The company is committed to pursuing acquisitions that align with its growth strategy and enhance its technological capabilities [54] Management's Comments on Operating Environment and Future Outlook - Management noted that macro conditions affecting industrial markets have softened, leading to a delayed recovery in capital spending [33] - The company raised its FY 2025 organic sales growth forecast for Aerospace and Defense to 10% at the midpoint, reflecting strong aftermarket performance [32] - Management expressed confidence in continuing margin expansion and maintaining a positive outlook despite current challenges [40] Other Important Information - The company expects divestitures to result in a 1.5% reduction in reported sales for FY 2025, primarily affecting the Diversified Industrial segment [36][37] - The company reduced debt by $370 million during the quarter, improving its net debt to adjusted EBITDA ratio to 1.9 times [30] Q&A Session Summary Question: Incremental margins and international orders - The CFO indicated that Q1 performance was a significant driver of the improved incremental margins, with Aerospace activity contributing positively [47] - Asia Pacific represents approximately 11% of total sales, with positive order trends noted in transportation and semiconductor markets [49] Question: North American distribution channel - Management acknowledged destocking at the OEM level but noted positive sentiment from distributors despite project delays [53] Question: M&A pipeline and market conditions - The company remains committed to deploying capital for acquisitions that align with its strategic goals, with an active pipeline of targets [54] Question: Headwinds in North America - Management highlighted delays in projects and capital spending as key challenges in the In-plant & Industrial sector, with OEM destocking impacting off-highway markets [62] Question: Order trends and backlog - Management noted that the industrial backlog held steady at $4.2 billion, indicating structural changes in customer ordering behavior [83] Question: Impact of upcoming elections - Management reported that customers are not explicitly delaying decisions based on the election, focusing instead on meeting high demand [87] Question: Aerospace aftermarket growth sustainability - The company expects continued growth in defense MRO driven by successful public-private partnerships, although comps will become more challenging [90]

Parker Hannifin Corporation Fiscal 2025 First Quarter Earnings Presentation Parker PH LISTED NYSE ENGINEERING YOUR SUCCESS. October 31, 2024 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- ...

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 ...