Parker-Hannifin reports record Q3 sales $5.07B; adjusted EPS up 10% to $6.51; raises FY guidance

Parker-Hannifin Corp

2024-Q3 EPS reported $15.82 revenue$14,742,791,000

Record Q3 sales $5.07B, organic sales up 1%; segment operating margin 24.7% adjusted, +150bps.
Adjusted EPS $6.51 (record), +10% YoY; net income $726.6M GAAP.
Aerospace Systems sales +18% to $1.4B, adjusted op margin 26.7% (+320bps).
FY2024 guidance raised: adjusted EPS $24.65-$24.85, adjusted segment op margin ~24.6%.
Record YTD operating cash flow $2.1B, up 20%; orders flat overall, aerospace +15%.

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 2024 third quarter ended March 31, 2024 results: revenue $5.07 billion, net income $726.6 million, EPS $5.56. Guidance raised.

Period: fiscal 2024 third quarter ended March 31, 2024
Revenue: $5.07 billion
Net income: $726.6 million
EPS: $5.56
Guidance: raised
Result: reported results

Exact text from the filing

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2024 third quarter ended March 31, 2024. Sales were $5.07 billion compared with $5.06 billion in the third quarter of fiscal 2023. Net income was $726.6 million compared with $590.9 million in the prior year quarter.

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Source: SEC EDGAR

accession 0000076334-24-000017

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