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Parker Reports Fiscal 2026 First Quarter Results
Globenewswire· 2025-11-06 12:30
Core Insights - Parker Hannifin Corporation reported record sales and earnings for the first quarter of fiscal 2026, driven by strong demand in aerospace and industrial sectors, with organic sales growth of 5% [2][5][6] - The company achieved a net income of $808 million, reflecting a 16% increase year-over-year, and an adjusted earnings per share (EPS) of $7.22, up 16% [5][25] - The outlook for fiscal year 2026 has been raised, with total sales growth projected between 4.0% to 7.0% and adjusted EPS guidance increased to a range of $29.60 to $30.40 [6][32] Financial Performance - Total sales reached $5.1 billion, a 3.7% increase from the previous year, with a segment operating margin of 24.2%, up 160 basis points [5][20] - Cash flow from operations was reported at $782 million, representing 15.4% of sales [5][29] - The company repurchased $475 million of shares during the quarter [5] Segment Results - **Diversified Industrial Segment**: Sales were $3.4 billion, a slight decrease of 2.7% year-over-year, but with an adjusted segment operating margin of 27.0%, an increase of 170 basis points [3][21] - **Aerospace Systems Segment**: Sales increased by 13.3% to $1.6 billion, with a segment operating margin of 25.0%, up 270 basis points [9][21] Order Rates and Backlog - Order rates increased by 3% in the Diversified Industrial Segment and 15% in the Aerospace Systems Segment, contributing to a total company backlog of $11.3 billion [10][17] Geographic Performance - Organic growth varied by region, with a notable 6% growth in the Asia-Pacific region, while EMEA experienced a decline of 3% [8][24] Future Guidance - The company has increased its guidance for segment operating margin to a range of 23.6% to 24.0%, with adjusted margins projected between 26.8% to 27.2% [6][31] - The forecasted net sales growth is adjusted to 2.5% to 5.5% after accounting for currency and acquisitions [30]
Parker to Announce Fiscal 2026 First Quarter Earnings on November 6; Conference Call and Webcast Scheduled for 11 a.m. Eastern
Globenewswire· 2025-10-30 21:00
Core Viewpoint - Parker Hannifin Corporation will release its fiscal 2026 first quarter earnings on November 6, 2025, and will hold a conference call to discuss the results and answer questions from investors and analysts [1]. Company Overview - Parker Hannifin is a Fortune 250 global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [2]. - The company has increased its annual dividend per share for 69 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 aidan.gormley@parker.com [3]. - Financial analysts can contact Jeff Miller, Vice President of Investor Relations, at 216-896-2708 or jeffrey.miller@parker.com [3].
Here's What to Expect From Parker-Hannifin's Next Earnings Report
Yahoo Finance· 2025-10-15 13:52
Core Insights - Parker-Hannifin Corporation (PH) is valued at a market cap of $93.2 billion and specializes in motion and control technologies across various sectors including aerospace, defense, and industrial equipment [1] Financial Performance - Analysts anticipate PH to report a fiscal Q1 profit of $6.67 per share, reflecting a 7.6% increase from $6.20 per share in the same quarter last year [2] - For fiscal 2026, the expected profit is $29.12 per share, up 6.6% from $27.33 per share in fiscal 2025, with further growth projected to $31.68 per share in fiscal 2027, an 8.8% year-over-year increase [3] Stock Performance - Over the past 52 weeks, PH's stock has increased by 16.6%, outperforming the S&P 500 Index's 15.1% return and the Industrial Select Sector SPDR Fund's 11.6% gain [4] - Following the release of impressive Q4 earnings, PH's shares rose by 4.1%, with net sales improving 1.1% year-over-year to $5.2 billion, exceeding consensus estimates by 2.7% [5] Analyst Ratings - Wall Street analysts maintain a "Strong Buy" rating for PH, with 16 out of 23 analysts recommending "Strong Buy," one suggesting "Moderate Buy," and six advising "Hold" [6] - The mean price target for PH is set at $802.05, indicating an 8.9% potential upside from current levels [6]
Parker to Webcast Annual Meeting of Shareholders on October 22, 2025 at 9:00 a.m. Eastern
Globenewswire· 2025-10-14 21:00
Core Viewpoint - Parker Hannifin Corporation will host its Annual Meeting of Shareholders on October 22, 2025, at 9:00 a.m. Eastern time, which will be available via webcast on its investor website [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 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]
Parker to Webcast Annual Meeting of Shareholders on October 22, 2025 at 9:00 a.m. Eastern
Globenewswire· 2025-10-14 21:00
Core Viewpoint - Parker Hannifin Corporation is set to host its Annual Meeting of Shareholders on October 22, 2025, which will be available via webcast on its investor website [1] Company Overview - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [2] - The company has a notable track record of increasing its annual dividend per share for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]
Parker-Hannifin Corporation (PH) Closes $1B Curtis Instruments Deal to Boost EV and Hybrid Tech
Yahoo Finance· 2025-09-26 14:42
Company Overview - Parker-Hannifin Corporation (NYSE:PH) is recognized as a global leader in motion and control technologies, serving aerospace, industrial, and mobile machinery markets [2] - The company has a long history of innovation and financial stability, boasting a 69-year streak of dividend increases, one of the longest in the S&P 500 [2] Recent Developments - In September 2025, Parker-Hannifin completed a $1 billion acquisition of Curtis Instruments, which specializes in motor speed controllers and power conversion devices for electric vehicles and mobile machinery [3] - Curtis Instruments is expected to generate $320 million in sales in 2025 and will be integrated into Parker-Hannifin's Motion Systems Group, enhancing its electrification and hybrid technology offerings [3] Financial Performance - For fiscal 2025, Parker-Hannifin reported record results, with fourth-quarter sales reaching $5.2 billion, reflecting a 2% organic growth [4] - Net income increased by 18% to $923 million, and adjusted earnings per share rose by 7% to $27.33 [4] - The company declared a quarterly dividend of $1.80 per share, marking its 301st consecutive payout, and expanded its share repurchase authorization to cover up to 20 million shares, indicating confidence in long-term growth [4]
Parker Completes Curtis Instruments Acquisition
Globenewswire· 2025-09-18 12:43
Core Insights - Parker-Hannifin Corporation has completed the acquisition of Curtis Instruments, Inc. for approximately $1 billion in cash, enhancing its electrification capabilities [1][2] - Curtis Instruments specializes in motor speed controllers and related technologies, with expected sales of around $320 million for the calendar year 2025 [2] - The acquisition aims to create operational synergies and accelerate growth opportunities within Parker's Motion Systems Group [3] Company Overview - Parker-Hannifin is a Fortune 250 global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [4] - The company has a strong track record of increasing its annual dividend per share for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [4]
Parker Scheduled to Present at the Morgan Stanley Annual Laguna Conference on September 10 at 10:00 a.m. Pacific Time (1:00 p.m. Eastern Time)
Globenewswire· 2025-09-04 21:00
Company Overview - Parker Hannifin Corporation is a Fortune 250 global leader in motion and control technologies, with over 100 years of experience in enabling engineering breakthroughs for a better future [2] - The company has a strong track record of increasing its annual dividend per share for 69 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 the Morgan Stanley Annual Laguna Conference on September 10, 2025, at 10:00 a.m. Pacific time (1:00 p.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]
Parker Scheduled to Present at the Morgan Stanley Annual Laguna Conference on September 10 at 10:00 a.m. Pacific Time (1:00 p.m.
GlobeNewswire News Room· 2025-09-04 21:00
Group 1 - Parker Hannifin Corporation is scheduled to present at the Morgan Stanley Annual Laguna Conference on September 10, 2025, at 10:00 a.m. Pacific time [1] - A live webcast of the presentation will be available on Parker's investor information website and will be archived [1] Group 2 - Parker Hannifin is a Fortune 250 global leader in motion and control technologies with over 100 years of experience [2] - The company has increased its annual dividend per share for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 index [2]
Parker Declares Quarterly Cash Dividend and Updates Share Repurchase Authorization
Globenewswire· 2025-08-21 21:00
Core Points - Parker Hannifin Corporation declared a quarterly cash dividend of $1.80 per share, payable on September 12, 2025, to shareholders of record as of September 2, 2025 [1] - This marks the company's 301st consecutive quarterly dividend and highlights its strong track record of increasing annual dividends for 69 consecutive fiscal years, ranking among the top five longest-running dividend-increase records in the S&P 500 Index [2] - The Board approved an update to the share repurchase authorization, increasing the total number of shares available for repurchase to 20 million [2] - Parker Hannifin is recognized as a Fortune 250 global leader in motion and control technologies, with a history of over a century in enabling engineering breakthroughs [3]