Parker-Hannifin Q4 FY2023 sales $5.1B (+22%), adj. EPS $6.08 record; FY2024 adj. EPS guidance $21.90-$22.90

Parker-Hannifin Corp

2023-FY EPS reported $16.04 revenue$19,065,194,000

Sales $5.1B (+22% YoY); organic +6%. Net income $709M vs $129M prior year.
Adjusted EPS $6.08 (+18% YoY); full year adj. EPS $21.55 record.
Aerospace segment sales +90% to $1.3B; total segment op margin record 24.0% adj.
Debt reduction $846M in quarter; FY2023 operating cash flow $3.0B (+22%).
FY2024 outlook: sales growth 3-6%, adj. EPS $21.90-$22.90, adj. segment margin 23.0-23.4%.

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 0.9

Parker-Hannifin Corp reported fiscal year ending June 30, 2024 results: EPS $18.05 to $19.05. Guidance initiated.

Period: fiscal year ending June 30, 2024
EPS: $18.05 to $19.05
Guidance: initiated
Result: guidance update

Exact text from the filing

Parker announced its outlook for the fiscal year ending June 30, 2024. The company expects total sales growth in fiscal 2024 to be in the range of 3% to 6%; total segment operating margin in the range of 19.7% to 20.1%, or 23.0% to 23.4% on an adjusted basis; and earnings per share in the range of $18.05 to $19.05, or $21.90 to $22.90 on an adjusted basis.

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Source: SEC EDGAR

accession 0000076334-23-000038

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