Parker-Hannifin reports record Q2 adj. EPS $6.15, +29% YoY; raises FY2024 outlook

Parker-Hannifin Corp

2024-Q2 EPS reported $10.23 revenue$9,668,435,000

Sales $4.8B (+3% YoY); net income $681.9M vs $395.2M; adjusted EPS $6.15, +29%.
Segment adjusted operating margin record 24.5%, up 300 bps; aerospace margin +590 bps.
Aerospace Systems sales +15% to $1.3B; operating income surged to $263.1M from $8.8M.
FY2024 outlook raised: adj. EPS $23.90-$24.50, adj. segment margin 24.1%-24.5%.
Orders total +2%; aerospace +21% (rolling 12mo); NA industrial -4%, Intl -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 0.98

Parker-Hannifin Corp reported the fiscal 2024 second quarter ended December 31, 2023 results: revenue $4.8 billion, net income $681.9 million, EPS $5.23. Guidance raised.

Period: the fiscal 2024 second quarter ended December 31, 2023
Revenue: $4.8 billion
Net income: $681.9 million
EPS: $5.23
Guidance: raised
Result: reported results

Exact text from the filing

Parker Reports Fiscal 2024 Second Quarter Results – Sales increased 3% to $4.8 billion; organic sales increased 3% – Segment operating margin was 21.1%, or a record 24.5% adjusted, an increase of 300 basis points – EPS were $5.23, or a record $6.15 adjusted, an increase of 29% – Company increases outlook for segment operating margin and EPS

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Source: SEC EDGAR

accession 0000076334-24-000004

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