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Form 8-K · Current Report · Filed 2024-10-31

Parker-Hannifin Reports Fiscal 2025 First Quarter Results with Record Sales and Earnings

Parker-Hannifin Corporation reported its fiscal 2025 first quarter results, showing record sales of $4.9 billion, a 1.2% increase from the prior year.

Filer
Parker Hannifin Corporation PH · NYSE
Filed
Accession
0000076334-24-000062
CIK
0000076334
Signal
Medium impactIndustrials

Details

The company reported net income of $698 million, a 7% increase, and earnings per share (EPS) of $5.34, also a 7% increase. The Aerospace Systems segment achieved exceptional results with sales up 17.8% and adjusted segment operating margin of 27.9%. The company has raised its outlook for segment operating margin and earnings per share for the fiscal year.

Items reported

Item 2.02

Results of Operations and Financial Condition

Earnings Beat
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$624.29

Next session

+1.7%

Since filing

+56.4%

Latest close

$976.53

What happened, not what will happen — closing prices around the filing date.

Exhibits (2)

About Parker Hannifin Corporation

Parker Hannifin Corporation is a leading manufacturer in the motion and control technology sector, playing a pivotal role in the development and production of components and systems that enable precise fluid and pneumatic controls. The company operates through various segments, including aerospace, automation, and filtration, making significant contributions to industries as diverse as manufacturing, transportation, and healthcare. Known for its innovation, Parker Hannifin develops products such as hydraulic systems, electromechanical systems, and pneumatic solutions, all aimed at enhancing operational efficiency and sustainability. Headquartered in Mayfield Heights, Ohio, the corporation's extensive global reach, with operations in over 50 countries, underscores its vital role in serving critical infrastructure and facilitating industrial automation worldwide. Its vast product portfolio and commitment to technological advancement position Parker Hannifin as an essential player in supporting industrial processes and meeting the needs of various sectors focused on efficiency and reliability.

Exchange NYSE Industry Specialty Industrial Machinery Company website ↗

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