Welcome to our dedicated page for Parker-Hannifin Corporation news (Ticker: PH), a resource for investors and traders seeking the latest updates and insights on Parker-Hannifin Corporation stock.
Parker-Hannifin Corporation (NYSE: PH) is a Fortune 250 global leader in motion and control technologies. For over a century, Parker has been engineering breakthroughs across a wide array of diversified industrial and aerospace markets. The company's products and services are crucial to a variety of applications, including the manufacture and processing of raw materials, durable goods, infrastructure development, and various forms of transport.
Parker operates through two major segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment covers technologies such as engineered materials, filtration, fluid connectors, instrumentation, and motion systems. This segment alone boasts 17,100 independent distributors, with about 40% of its business occurring outside the United States. Each technology group within this segment creates essential solutions that enhance the functionality and efficiency of countless products and systems worldwide.
The Aerospace Systems segment, on the other hand, deals with advanced technologies for engine and actuation components, significantly contributing to the aerospace industry. This segment has seen remarkable growth, partly attributed to the recent acquisition of Meggitt PLC, which has enhanced Parker’s capabilities and market reach.
Financially, Parker-Hannifin has consistently showcased robust performance. For instance, in the fiscal 2024 first quarter, the company reported record sales of $4.8 billion, marking a 15% increase from the previous year. Net income surged to $650.8 million, up from $387.9 million, highlighting the firm's strong financial health and strategic execution. The company's focus on operational excellence and continuous improvement, driven by their Win Strategy™, has enabled consistent growth and record performance across all segments.
Recent updates reveal Parker’s ambitious goals and future outlook. The company has updated its guidance for the fiscal year ending June 30, 2024, projecting total sales growth between 3% to 5% and earnings per share in the range of $20.00 to $20.60, or $23.90 to $24.50 on an adjusted basis. These projections are bolstered by Parker’s strong cash flow, operational efficiencies, and the positive impact of strategic acquisitions.
Parker-Hannifin's ongoing transformation and commitment to innovation ensure that it remains at the forefront of its industry. The company’s emphasis on safety, customer service, and operational excellence, combined with favorable market trends, sets the stage for continued success and shareholder value.
For more information, visit www.parker.com or follow Parker on Twitter at @parkerhannifin.
Parker Hannifin Corporation (NYSE:PH) has released its 2020 Sustainability Report, announcing a new commitment to achieve carbon neutral operations by 2040. Key emissions targets include a 50% reduction in Scope I and II emissions by 2030 and a 15% reduction in Scope III emissions by the same year. The report highlights Parker's advanced technologies aimed at promoting cleaner energy adoption. Key achievements include a 72% decrease in recordable incidents since 2015 and a 42% decrease in energy intensity since 2010.
Parker Hannifin Corporation (NYSE: PH) will release its fiscal 2021 fourth quarter and full-year earnings on August 5, 2021. A conference call is scheduled for 11:00 a.m. Eastern time, where the company will discuss financial results and answer questions from investors and analysts. The conference call will be accessible via webcast on Parker's investor website, with a recorded replay available later that day. Parker has a strong history of shareholder returns, having increased its annual dividend per share for 65 consecutive years, placing it among the top five in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) will present at the Wolfe Research Global Transportation and Industrials Conference on May 26, 2021, at 1:00 p.m. Eastern time. Tom Williams, Chairman and CEO, will represent the company. The presentation will be available via live webcast on the investor information website and archived for future access. Parker has a strong history, increasing its annual dividend per share for 65 consecutive years, making it one of the top performers in the S&P 500 for dividend increases.
Parker Hannifin (NYSE: PH), the global leader in motion and control technologies, announced its participation in the Goldman Sachs Industrials and Materials Conference on May 11, 2021, at 1:00 p.m. Eastern time. Tom Williams, the Chairman and CEO, will present at this virtual event.
The presentation will be live-streamed on Parker's investor website and later archived. With a history of over 65 consecutive years of increasing dividends, Parker is recognized as one of the top dividend payers in the S&P 500.
Parker Hannifin Corporation (NYSE:PH) announced its membership in the Hydrogen Council, a global CEO-led initiative aimed at promoting hydrogen as part of the clean energy transition. Established in 2017, the council has grown to over 100 members from various sectors. Parker will collaborate with other companies to advance investment in hydrogen and fuel cell technologies, aligning with its strategy of investing in sustainable energy solutions. CEO Tom Williams highlighted hydrogen's critical role in future energy sources and emphasized Parker's commitment to environmentally impactful technologies.
Parker Hannifin Corporation (NYSE: PH) reported exceptional fiscal 2021 third-quarter results, achieving record net income of $471.6 million, up 28% year-over-year. Earnings per share reached $3.59, a 27% increase from the prior year, with adjusted EPS at $4.11. Sales rose to $3.75 billion, compared to $3.70 billion in Q3 2020. Additionally, the company's EBITDA margin was 21.6%, and year-to-date cash flow from operations was a record $1.88 billion, representing 18.1% of sales. Parker raised its EPS guidance for the fiscal year to $12.96-$13.26, reflecting strong performance and positive macroeconomic conditions.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.03 per share, up 17% from the previous $0.88 dividend. This increase reflects the Board's confidence in the company’s financial position and cash flow generation. The dividend is payable on June 4, 2021, to shareholders of record as of May 7, 2021. This marks the 284th consecutive quarterly dividend and reinforces the company’s commitment to returning value to shareholders.
Parker Hannifin Corporation (NYSE: PH) announced the election of William F. Lacey to its Board of Directors, effective April 22, 2021. Lacey, currently President and CEO of GE Lighting, has extensive experience in financial and operational leadership within General Electric, where he has worked since 1992. Chairman Tom Williams highlighted Lacey's impressive knowledge and operational proficiency as vital to Parker's growth and financial performance. Parker Hannifin boasts a robust dividend history, increasing dividends for 64 consecutive years, making it one of the top five in the S&P 500 index.
Parker Hannifin Corporation (NYSE: PH) is set to announce its fiscal 2021 third quarter earnings on April 29, 2021, prior to market open. Following this, a conference call will be held at 11:00 a.m. Eastern time to discuss the results and address investor inquiries. The event will also be webcast on Parker's investor website. Notably, Parker has maintained a strong track record in shareholder returns, with 64 consecutive years of annual dividend increases, placing it among the top five companies in the S&P 500 for this metric.
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