earnings
confidence high
sentiment positive
materiality 0.80
Parker-Hannifin Q2 FY2022 sales $3.82B (+12% YoY); raises adjusted EPS guidance to $17.80-$18.30
Parker-Hannifin Corp
2022-Q2 EPS reported
$6.42
revenue$7,587,389,000
- Q2 sales $3.82B (+12% YoY); adjusted EPS $4.46 (+29% YoY); segment operating margin record 21.6% adjusted.
- Net income $387.6M includes $149M unrealized loss on Meggitt forward contracts; adjusted net income $582.2M.
- North American Diversified Industrial sales +15% to $1.81B; International +11% to $1.40B; Aerospace +6% to $618.4M.
- FY2022 GAAP EPS guidance raised to $14.42-$14.92; adjusted $17.80-$18.30 on ~10-12% organic growth.
- Orders: total +12%, NA DI +17%, Intl DI +14%; Aerospace -7% (mid-teens ex prior large military orders).