earnings
confidence high
sentiment positive
materiality 0.75
Parker-Hannifin reports record Q4 sales $4.19B, adjusted EPS $5.16; issues FY2023 guidance
Parker-Hannifin Corp
2022-FY EPS reported
$10.09
revenue$15,861,608,000
- FY2022 Q4 sales $4.19B (+6% YoY); adjusted net income $671.5M (+16%); adjusted EPS $5.16 (record, +18%).
- Full year adjusted EPS $18.72 (record, +24% vs $15.04); GAAP EPS $10.09 includes $1.02B pre-tax loss on Meggitt hedge contracts.
- Diversified Industrial North America sales +15% to $2.09B; Aerospace sales +7% to $676.2M with margin 24.2%.
- FY2023 guidance: organic sales growth 2-5%, adjusted EPS $18.10-$18.90; excludes Meggitt pending close.
- Meggitt acquisition cleared by UK government; awaiting US DOJ approval; expected Q3 2022 close.