Highest-materiality recent filing
Parker-Hannifin closes $9.25B acquisition of Filtration Group
Completed merger with Filtration Group on Aug 13, 2026 for $9.25B cash purchase price, subject to working capital adjustment.
Parker-Hannifin Q4 adj EPS $9.27 (+21% YoY); raises long-term margin target to 30%
Q4 adjusted EPS $9.27 (+21% YoY); revenue $5.8B (+9.8%, organic +8.0%).
Parker-Hannifin Q3 FY2026: Record sales $5.5B (+11%), adjusted EPS $8.17 (+18%), raises outlook
Record sales $5.5B (+11% YoY); organic sales +6.5%; segment operating margin 23.4% (adj. 26.7%).
Sales increased 9% to $5.2B (record); organic sales up 6.6%.
Parker-Hannifin secures $7.75B debt facilities for Filtration Group acquisition
364-day term loan of $5.25B and three-year term loan of $2.5B, both delayed draw.
Parker-Hannifin to acquire Filtration Group for $9.25B cash
Purchase price of $9.25B on a cash-free, debt-free basis, subject to net working capital adjustment.
Parker-Hannifin Q1: record sales $5.1B, adj EPS $7.22, FY26 outlook raised
Q1 sales record $5.1B, +5% organic; net income $808M (+16%); adjusted net income $927M (+14%).
Parker-Hannifin Q4 EPS $7.15 (+19%), sales $5.2B record; acquires Curtis Instruments
Q4 EPS $7.15 (+19%), adjusted EPS record $7.69 (+14%); net income $923M (+18%).
Parker-Hannifin Q3 EPS $7.37 (+33%), adjusted EPS $6.94 (+7%), record margins; raises dividend 10%
Sales $5.0B, organic growth +1%; net income $961M (+32%), adjusted net income $904M (+6%).
Parker-Hannifin Q2 EPS $7.25 (+39% YoY); segment margin record 22.1%
Net income $949M (+39%), adjusted $853M (+6%); EPS $7.25 (+39%), adjusted $6.53 (+6%).
Parker-Hannifin reports record Q1 sales of $4.9B, raises EPS outlook
Sales $4.9B (+1.2% YoY); organic sales growth 1.4%; net income $698M (+7%).
Parker-Hannifin reports record Q4 sales $5.2B, EPS $6.01 (adj. $6.77)
Q4 sales rose 2% to $5.2B; organic growth 3%. Full-year sales $19.9B (+5%).
Parker-Hannifin reports record Q3 sales $5.07B; adjusted EPS up 10% to $6.51; raises FY guidance
Record Q3 sales $5.07B, organic sales up 1%; segment operating margin 24.7% adjusted, +150bps.
Parker-Hannifin reports record Q2 adj. EPS $6.15, +29% YoY; raises FY2024 outlook
Sales $4.8B (+3% YoY); net income $681.9M vs $395.2M; adjusted EPS $6.15, +29%.
Parker-Hannifin Q1 FY24 EPS $5.96 adj (+26% YoY); sales record $4.8B, raises FY24 guidance
Sales $4.8B (+15% YoY); organic sales +2%; record quarter.
Lee C. Banks and Roger S. Sherrard to retire Dec 31; Andrew D. Ross elected President
Lee C. Banks, Vice Chairman and President, to retire Dec 31, 2023; will continue until then.
Sales $5.1B (+22% YoY); organic +6%. Net income $709M vs $129M prior year.
Parker-Hannifin reports record Q3 sales $5.1B, adj. EPS $5.93, raises FY guidance
Sales $5.1B (+24% YoY); organic sales +12%; record quarterly revenue.
Parker-Hannifin reports record Q2 sales $4.67B, adj. EPS $4.76; raises FY guidance
Sales $4.67B (+22% YoY); organic sales +10%.
Parker-Hannifin reports record Q1 sales $4.23B, adjusted EPS $4.74, raises FY2023 guidance
Record Q1 sales $4.23B (+12% YoY); adjusted net income $615.5M, adjusted EPS $4.74 (record, +11% YoY).
Parker Hannifin CEO Tom Williams to retire Jan 1, 2023; COO Jennifer Parmentier to succeed
Thomas L. Williams to retire as CEO effective Jan 1, 2023; becomes Executive Chairman until Dec 31, 2023.
Parker-Hannifin completes £6.3B acquisition of Meggitt; borrows $2B term loan
Acquisition of Meggitt plc closed on Sep 12, 2022 at 800 pence per share, aggregate ~£6.3 billion.
Parker-Hannifin reports record Q4 sales $4.19B, adjusted EPS $5.16; issues FY2023 guidance
FY2022 Q4 sales $4.19B (+6% YoY); adjusted net income $671.5M (+16%); adjusted EPS $5.16 (record, +18%).
Parker-Hannifin completes $3.6B note offering to finance Meggitt acquisition
Issued $1.4B of 3.650% notes due 2024, $1.2B of 4.250% notes due 2027, $1.0B of 4.500% notes due 2029.
Parker-Hannifin prices $3.6B senior notes offering to finance Meggitt acquisition
$1.4B 2024 notes at 3.650%, $1.2B 2027 notes at 4.250%, $1.0B 2029 notes at 4.500%.
Parker-Hannifin reports record Q3 sales of $4.09B; adjusted EPS $4.83 beats; raises FY guidance
Sales up 9% to record $4.09B; organic sales up 11%; adjusted EPS $4.83, up 17% YoY.
Parker-Hannifin cybersecurity incident on March 14; data including employee personal info accessed
Unauthorized third-party access to Parker-Hannifin systems detected on March 14, 2022; investigation underway.
Parker-Hannifin Q2 FY2022 sales $3.82B (+12% YoY); raises adjusted EPS guidance to $17.80-$18.30
Q2 sales $3.82B (+12% YoY); adjusted EPS $4.46 (+29% YoY); segment operating margin record 21.6% adjusted.
Sales $3.76B (+17% YoY), net income $451.2M (+41%), EPS $3.45 (adj $4.26).
Parker-Hannifin enters $2B credit agreement to fund Meggitt plc acquisition
$2.0 billion senior unsecured delayed-draw term loan facility entered on August 27, 2021.
Parker-Hannifin Q4 sales $3.96B, EPS $3.84; nets buy Meggitt; FY22 guidance raised
Q4 sales $3.96B (+25% YoY), net income $504.8M (+74%), EPS $3.84 (+72%) vs $2.23 prior year.
On July 10, 2024, the Board of Directors of Parker-Hannifin Corporation (the “Company”) elected E. Jean Savage as a Director of the Company, effective immediately
In connection with Mr. Banks’ notification of retirement, the Board of Directors of the Company (the “Board”) elected Andrew D. Ross, age 56, as President, effective January 1, 2024 (the “Transition Date”).
On October 25, 2023, Lee C. Banks, Vice Chairman and President of Parker-Hannifin Corporation (the “Company”), notified the Company that he will retire on December 31, 2023.
On October 25, 2023, Roger S. Sherrard, Vice President and President – Aerospace Group of the Company, notified the Company that he will retire on December 31, 2023.
On September 1, 2023, the Board of Directors of Parker-Hannifin Corporation (the “Company”) elected Denise Russell Fleming as a Director of the Company, effective immediately, for a term expiring at the Annual Meeting of Shareholders in October 2023.
On March 29, 2023, William F. Lacey notified Parker-Hannifin Corporation (the “Company”) of his intention to resign from the Board of Directors (the “Board”) effective immediately.
After the Transition Date and prior to his retirement from the Board, Mr. Williams will be designated Executive Chairman.
approved the appointment of Ms. Parmentier as a member of the Board, effective on the Transition Date.
the Board elected Andrew D. Ross, age 55, as Chief Operating Officer, effective on the Transition Date.
the Board elected Jennifer A. Parmentier, age 55, as Chief Executive Officer, effective on the Transition Date.
On July 26, 2022, Andrew M. Weeks notified Parker-Hannifin Corporation (the “Company”) that he will retire on August 31, 2022.
On August 9, 2021, the Board of Directors of Parker-Hannifin Corporation (the “Company”) elected Lee C. Banks, age 58, to a new role as the Vice Chairman and President of the Company and Jennifer A. Parmentier, age 54, to the role of Chief Operating Officer, in each case effective August 9, 2021.
Max materiality 0.90 · Median 0.72 · Most common event earnings