Parker-Hannifin reports record Q1 sales $4.23B, adjusted EPS $4.74, raises FY2023 guidance

Parker-Hannifin Corp

2023-Q1 EPS reported $2.98 revenue$4,232,775,000

Record Q1 sales $4.23B (+12% YoY); adjusted net income $615.5M, adjusted EPS $4.74 (record, +11% YoY).
Adjusted total segment operating margin 22.7%, up 70 bps; adjusted EBITDA margin 23.3%, up 120 bps.
North American Industrial sales +19% to $2.13B; International -2% to $1.36B; Aerospace +26% to $746M.
FY2023 guidance raised: organic growth 4.5%-7.5%; adjusted EPS $18.60-$19.30.
Completed acquisition of Meggitt plc; integration underway and expects synergies.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Parker-Hannifin Corp reported the quarter ended September 30, 2022 results: revenue $4.23 billion, net income $387.9 million, EPS $2.98. Guidance raised.

Period: the quarter ended September 30, 2022
Revenue: $4.23 billion
Net income: $387.9 million
EPS: $2.98
Guidance: raised
Result: reported results

Exact text from the filing

Symbol: PH - NYSE Parker Reports Fiscal 2023 First Quarter Results - Record sales and record adjusted total segment operating margin, net income and EPS - Sales increased 12% to $4.23 billion; organic sales increased 14% - Total segment operating margin was 19.8%, or 22.7% adjusted, an increase of 70 basis points - Net income was $387.9 million, or $615.5 million

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Source: SEC EDGAR

accession 0000076334-22-000045

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