earnings
confidence high
sentiment positive
materiality 0.85
Parker-Hannifin Q4 sales $3.96B, EPS $3.84; nets buy Meggitt; FY22 guidance raised
Parker-Hannifin Corp
2021-FY EPS reported
$13.35
revenue$14,347,640,000
- Q4 sales $3.96B (+25% YoY), net income $504.8M (+74%), EPS $3.84 (+72%) vs $2.23 prior year.
- Full year sales record $14.35B (+5%), net income $1.75B (+45%), EPS $13.35 (+44%).
- Adjusted segment operating margin 22.2% in Q4; full year 21.1% (+220 bps); cash flow $2.58B (17.9% of sales).
- Announces recommended cash acquisition of Meggitt PLC; close expected in ~12 months subject to approvals.
- FY2022 EPS guidance $14.08-$14.88 reported; adjusted $16.20-$17.00; organic sales growth 5-9%.