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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) announced the retirement of M. Craig Maxwell, Chief Technology and Innovation Officer, after 24 years. Mark T. Czaja will succeed him effective January 1, 2021. Maxwell has driven major innovations and product development, including establishing the Parker Technology Center and Motion Technology Center. Parker boasts a strong dividend history, increasing its annual dividend per share for 64 consecutive years, placing it among the top five in the S&P 500. The company remains committed to advancing engineering breakthroughs.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of 88 cents per share, payable on December 4, 2020, to shareholders of record as of November 6, 2020. This marks the company's 282nd consecutive quarterly dividend and underscores its commitment to shareholder returns, having increased annual dividends for 64 consecutive years. Parker Hannifin stands as a global leader in motion and control technologies, fostering engineering innovations for over a century.
Parker Hannifin Corporation (NYSE: PH) will announce its fiscal 2021 first-quarter earnings on November 5, 2020, before the market opens. This will be followed by a conference call at 11:00 a.m. Eastern Time, where management will discuss the results and answer questions from analysts and investors. Parker Hannifin is recognized as a global leader in motion and control technologies and has maintained a consistent dividend increase for 64 consecutive years, positioning itself among the top five in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) announced a live webcast of its Annual Meeting of Shareholders on October 28, 2020, at 9:00 a.m. Eastern time. The meeting will be accessible at www.virtualshareholdermeeting.com/PH2020 and will be archived on their investor website for one year. The company boasts a distinguished history, increasing its annual dividend for 64 consecutive fiscal years, making it one of the top five in the S&P 500 for dividend growth. For more details, visit www.phstock.com.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of 88 cents per share of common stock for shareholders recorded by August 28, 2020, payable on September 11, 2020. This marks the company's 281st consecutive quarterly dividend and highlights its commitment to returning value to shareholders. Parker has increased its annual dividend payouts for 64 consecutive fiscal years, ranking among the top five in the S&P 500 for dividend increases.
Parker Hannifin Corporation (NYSE: PH) will announce its fiscal 2020 fourth quarter and full year earnings on August 6, 2020, before the market opens. A conference call at 11:00 a.m. Eastern will follow, providing results and a Q&A session for institutional investors and analysts. Parker, a leader in motion and control technologies, has a strong history, marking 64 consecutive years of dividend increases, ranking among the top five in the S&P 500. The call will also be accessible online with an archived replay available later.
Parker Hannifin Corporation (NYSE: PH) will present at the Wolfe Research Global Transportation and Industrials Virtual Conference on May 19, 2020, at 11:15 a.m. Eastern time. Tom Williams, Chairman and CEO, is the scheduled presenter. The presentation can be accessed via a live webcast on Parker's investor information website, where it will also be archived. As a Fortune 250 leader in motion and control technologies, Parker has maintained an impressive track record of increasing its annual dividend for 64 consecutive fiscal years, placing it among the top five in the S&P 500.
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