Parker-Hannifin reports record Q3 sales $5.1B, adj. EPS $5.93, raises FY guidance

Parker-Hannifin Corp

2023-Q3 EPS reported $10.58 revenue$13,969,251,000

Sales $5.1B (+24% YoY); organic sales +12%; record quarterly revenue.
Adjusted EPS $5.93 (+23% YoY); net income $590.9M ($771.9M adjusted).
Debt reduction of $615M in the quarter; cash from ops $1.8B YTD (+16%).
Raised FY23 organic growth guidance to ~10%; adj. EPS guidance to $20.60-$20.90.
Aerospace Systems sales surged 89% to $1.2B; segment orders +25% on rolling 12-month basis.

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Parker-Hannifin Corp reported fiscal 2023 third quarter ended March 31, 2023 results: revenue $5.1 billion, net income $590.9 million, EPS $4.54. Guidance raised.

Period: fiscal 2023 third quarter ended March 31, 2023
Revenue: $5.1 billion
Net income: $590.9 million
EPS: $4.54
Guidance: raised
Result: reported results

Exact text from the filing

Fiscal 2023 third quarter sales were a record at $5.1 billion, an increase of 24%, compared with $4.1 billion in the third quarter of fiscal 2022. Net income was $590.9 million compared with $348.0 million in the prior year quarter. Adjusted net income was $771.9 million, an increase of 22% compared with $630.2 million in the third quarter of fiscal 2022. Earnings per share were $4.54 compared with $2.67 in the third quarter of fiscal 2022.

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Source: SEC EDGAR

accession 0000076334-23-000025

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