secwatch.observer — SEC 8-K summary
======================================

Issuer:     Parker-Hannifin Corp (PH)
CIK:        0000076334
Form:       8-K
Filed at:   2022-05-05T23:59:59+00:00
Accession:  0000076334-22-000015
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

- 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.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/76334/000007633422000015/0000076334-22-000015-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/76334/000007633422000015/ph-20220505.htm
  HTML page:      https://secwatch.observer/filing/0000076334-22-000015

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer