Parker-Hannifin reports record Q3 sales of $4.09B; adjusted EPS $4.83 beats; raises FY guidance

Parker-Hannifin Corp

2022-Q3 EPS reported $9.10 revenue$11,673,776,000

Sales up 9% to record $4.09B; organic sales up 11%; adjusted EPS $4.83, up 17% YoY.
Adjusted segment operating margin 22.7%, up 130 bps; net income $348M reported, $630.2M adjusted.
Raised FY2022 adjusted EPS guidance to $18.00-$18.30; expects ~11% organic sales growth.
Recently announced 29% increase to quarterly dividend; Meggitt acquisition expected in Q3 2022.
Russia operations shutdown resulted in ~$20M charge; China COVID shutdowns seen reducing Q4 sales by $100M.

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