Parker-Hannifin Q1 FY24 EPS $5.96 adj (+26% YoY); sales record $4.8B, raises FY24 guidance

Parker-Hannifin Corp

2024-Q1 EPS reported $4.99 revenue$4,847,488,000

Sales $4.8B (+15% YoY); organic sales +2%; record quarter.
Adj EPS $5.96 vs $4.74 prior year (+26%); GAAP EPS $4.99.
Segment adj op margin record 24.9% (+220 bps); all segments above 24%.
Aerospace segment sales +65% to $1.2B; adj op margin 26.0% (+610 bps).
FY24 guidance raised: adj EPS $22.60-$23.40; sales growth 2.5%-5.5%.

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 the fiscal 2024 first quarter ended September 30, 2023 results: revenue $4.8 billion, net income $650.8 million, EPS $4.99. Guidance raised.

Period: the fiscal 2024 first quarter ended September 30, 2023
Revenue: $4.8 billion
Net income: $650.8 million
EPS: $4.99
Guidance: raised
Result: reported results

Exact text from the filing

today reported results for the fiscal 2024 first quarter ended September 30, 2023. Sales were a record at $4.8 billion, an increase of 15%, compared with $4.2 billion in the first quarter of fiscal 2023. Net income was $650.8 million compared with $387.9 million in the prior year quarter. Adjusted net income was $776.4 million, an increase of 26% compared with $615.5 million in the first quarter of fiscal 2023. Earnings per share were $4.99 compared with $2.98 in the first quarter of fiscal 2023.

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Source: SEC EDGAR

accession 0000076334-23-000060

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