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Parker-Hannifin Elects New Director and Committee Member
On September 1, 2025, Parker-Hannifin Corporation appointed Beth A. Wozniak as a Director, with her term set to expire at the Annual Meeting of Shareholders in October 2025. Additionally, she will serve on the Human Resources and Compensation Committee and the Corporate Governance and Nominating Committee. Ms. Wozniak is not involved in any transactions that require disclosure under Item 404(a) of Regulation S-K.
Ms. Wozniak is eligible for compensation arrangements for non-employee Directors, which include a pro-rated award of restricted stock units (RSUs) as outlined in the Company’s Proxy Statement for the 2024 Annual Meeting. Furthermore, the Company has entered into an Indemnification Agreement with her, consistent with the agreements for other directors and officers previously filed.
linkSep 02, 2025 16:02:49
Parker Hannifin Reports Record Sales and Earnings Growth
Parker Hannifin Corporation reported record sales of $5.2 billion for the fourth quarter of fiscal 2025, with a net income of $923 million, reflecting an 18% increase year-over-year. The company's earnings per share (EPS) rose to $7.15, a 19% increase, and segment operating margins improved to 23.9%. For the full fiscal year, sales reached $19.9 billion, with a 24% increase in net income to $3.5 billion and an EPS of $27.12, also up 24%. The company repurchased $1.6 billion of shares during the year and announced plans to acquire Curtis Instruments, enhancing its electrification offerings.
Looking ahead, Parker Hannifin expects sales growth of 2% to 5% for fiscal 2026, with organic sales growth projected at approximately 3%. The company anticipates maintaining segment operating margins between 23.3% and 23.7%. The Aerospace segment is expected to be the fastest growing, supported by a record backlog of $7.4 billion. Order rates remain strong across both the Industrial and Aerospace segments, indicating positive market conditions.
linkAug 07, 2025 08:01:11
Parker Hannifin Reports Record Earnings and Cash Flow
Parker Hannifin Corporation announced its fiscal 2025 third quarter results, reporting sales of $5.0 billion, which reflects a 1% organic sales growth compared to the previous year. The company achieved a net income of $961 million, marking a 32% increase, and earnings per share (EPS) of $7.37, which is a 33% rise. The segment operating margin improved to 23.2%, with an 8% increase in year-to-date cash flow from operations totaling $2.3 billion. Additionally, Parker repurchased $650 million in shares during the quarter and announced a 10% increase in its quarterly cash dividend, highlighting its commitment to enhancing shareholder value.
The company reported mixed performance across its segments, with the Aerospace Systems segment showing significant growth, achieving an 11.6% increase in sales and a 28.9% rise in operating income. However, the Diversified Industrial segment faced challenges, with a 9% decline in North American sales. Overall order rates increased by 9%, driven by strength in both commercial and defense aerospace sectors. Parker's updated guidance for the fiscal year ending June 30, 2025, indicates expected sales growth of approximately -1% and an adjusted total segment operating margin of around 25.9%.
linkMay 01, 2025 07:49:22
Parker Hannifin Reports $949 Million Net Income for Q2
Parker Hannifin Corporation reported notable financial achievements in its fiscal 2025 second quarter, with net income rising to $949 million, marking a 39% increase from the previous year. The company also recorded earnings per share of $7.25, a 39% increase, alongside a 24% rise in year-to-date cash flow from operations to $1.7 billion. The segment operating margin reached a record 22.1%, reflecting a 100 basis points improvement. Additionally, the company successfully reduced its debt by $1.1 billion during the quarter, supported by strong cash flow and proceeds from divestitures.
Conversely, the diversified industrial segment experienced a decline in sales, with North American businesses reporting an 8.6% decrease in sales compared to the same period last year. This decline was attributed to ongoing softness in the transportation and off-highway markets, as well as delays in industrial recovery. International businesses also faced challenges, with a 5.7% drop in sales. Despite positive order rates across various sectors, including aerospace, the overall organic sales growth for the quarter was reported at only 1%, indicating potential headwinds in the broader market.
linkJan 30, 2025 07:41:18
Parker Hannifin Reports $4.9 Billion in First Quarter Sales
Parker Hannifin Corporation announced its first quarter results for fiscal 2025, reporting a sales increase of 1.2% to $4.9 billion. Net income rose by 7% to $698 million, with earnings per share also increasing by 7% to $5.34. The company achieved record figures in segment operating margin and adjusted earnings per share, reflecting strong performance in its Aerospace Systems segment and a notable cash flow from operations of 15.2% of sales, amounting to $744 million. The company has raised its outlook for segment operating margin and earnings per share for the full year based on these results.
However, the Diversified Industrial Segment faced challenges, with sales declining by 5.8% in North America and 2.4% internationally. The company noted softness in transportation and off-highway markets, as well as delays impacting HVAC and energy markets. While Aerospace Systems showed strong growth, the overall performance in the industrial sectors raised concerns about potential near-term pressures in select markets.
linkOct 31, 2024 07:41:30
Parker Hannifin Reports Strong Fiscal Year 2024 Results
Parker Hannifin Corporation announced record sales of $19.9 billion for fiscal 2024, with a 5% increase from the previous year. Net income rose to $2.8 billion, and earnings per share increased by 36%. The company expects continued growth in fiscal 2025, projecting sales growth of 1.5% to 4.5%. However, some segments, particularly in North America and Europe, faced sales declines, indicating market softness in certain areas.
linkAug 08, 2024 07:45:11
Parker Hannifin Reports Record Third Quarter Results
Parker Hannifin Corporation achieved record sales of $5.07 billion with a 1% organic sales increase. The company reported a 10% rise in earnings per share to $5.56 and a 20% increase in year-to-date cash flow. Aerospace Systems Segment saw a remarkable 18% sales increase. Despite flat total orders, the company raised its outlook for fiscal 2024, expecting 4% sales growth and higher segment operating margin. Parker's CEO expressed confidence in future performance and shareholder value, inviting investors to an investor day on May 16, 2024.
linkMay 02, 2024 07:53:55
Parker Hannifin Reports Record Sales and Earnings for Q2 2024
Parker Hannifin reported a 3% increase in sales to $4.8 billion with a 29% rise in adjusted earnings per share. The company's diversified industrial segment saw margin improvement, while the aerospace systems segment showed a significant increase in operating income. Despite some fluctuations in orders, the company raised its outlook for fiscal 2024, expecting another year of record performance and emphasizing a focus on executing the Win Strategy and leveraging growth in aerospace markets.
linkFeb 01, 2024 08:00:50
Parker Hannifin Reports Record Sales in Q1 2024
Parker Hannifin Corporation reported record sales of $4.8 billion in the fiscal 2024 first quarter, a 15% increase compared to the same period last year. Net income also saw a significant increase, reaching $650.8 million, compared to $387.9 million in the prior year quarter. Adjusted net income increased by 26% to $776.4 million. The company's outlook for the fiscal year ending June 30, 2024 has been updated, with expectations of total sales growth in the range of 2.5% to 5.5% and earnings per share in the range of $18.73 to $19.53.
linkNov 02, 2023 07:48:25