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) announced it will release its fiscal 2023 third quarter earnings on May 4, 2023, before market opens. A conference call is scheduled for 11:00 a.m. Eastern time, where the company will discuss its quarterly results and address questions from investors and analysts. The call will be webcast on their investor site, with a slide presentation also available for replay later. Parker has maintained a strong dividend policy, increasing its annual dividend per share for 66 consecutive years, ranking among the top five for longest-running dividend increases in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) announced its participation in the Bank of America Global Industrials Conference in London on March 22, 2023, at 1:05 p.m. GMT (9:05 a.m. ET). The presentation will be led by CEO Jenny Parmentier and will be available via live webcast on Parker's investor information website. This event underscores Parker's status as a global leader in motion and control technologies, a position it has maintained for over a century. Notably, Parker has achieved 66 consecutive years of increased annual dividends per share, ranking among the top five for longest dividend increase records in the S&P 500 index.
Parker Hannifin Corporation (NYSE: PH) is set to present at the Evercore ISI Industrial Conference in New York on March 7, 2023, at 11:00 a.m. Eastern time. Todd Leombruno, the Executive Vice President and CFO, will lead the presentation. A live webcast will be available on Parker's investor information website, where it will also be archived for later access. Celebrated for over 100 years as a leader in motion and control technologies, Parker has consistently increased its annual dividend per share for 66 consecutive years, ranking among the top five in the S&P 500 for dividend increases. More information can be found at www.phstock.com.
Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, will present at the Citi Global Industrial Tech and Mobility Conference on February 23, 2023, at 10:30 a.m. Eastern Time in Miami, Florida. Todd Leombruno, Executive Vice President and Chief Financial Officer, will represent the company. A live webcast of the event is available on Parker's investor site and will be archived for future access.
With over a century of innovation, Parker Hannifin has consistently increased its annual dividend per share for 66 consecutive fiscal years, ranking among the top five in the S&P 500 for dividend increases.
Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, will present at the Barclays Industrial Select Conference on February 22, 2023, at 10:55 a.m. ET in Miami Beach, Florida. Todd Leombruno, Executive Vice President and CFO, will represent the company. A live webcast of the presentation will be available on Parker's investor information website and archived for later access. Parker, a Fortune 250 company, has successfully increased its annual dividend for 66 consecutive years, placing it among the top five in the S&P 500 for long-term dividend increases.
Parker Hannifin Corporation (NYSE: PH) reported record sales of $4.67 billion for the fiscal 2023 second quarter, a 22% increase from $3.82 billion in the previous year. Adjusted net income rose 6% to $618.9 million, with adjusted earnings per share (EPS) reaching a record $4.76, up 7%. The company's organic sales grew by 10% across all segments, contributing to a total segment operating margin of 21.5%. Additionally, Parker increased its full-year guidance for organic growth and adjusted EPS to between $13.50 to $14.00.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.33 per share, with a record date of February 10, 2023 and a payment date of March 3, 2023. This marks the 291st consecutive quarterly dividend for the company, which has raised its annual dividends for 66 consecutive years, positioning it among the top five for longest dividend-increase records in the S&P 500 Index. Parker Hannifin is a global leader in motion and control technologies, contributing to significant engineering advancements for over a century.
Parker Hannifin Corporation (NYSE: PH) will release its fiscal 2023 second quarter earnings on February 2, 2023, before market opening. A conference call is scheduled for 11:00 a.m. ET the same day, where company results will be discussed, followed by a Q&A session with institutional investors and analysts. This call will be accessible via a live webcast on Parker's investor site and will be archived for later access.
The company, a leader in motion and control technologies, boasts an impressive record of 66 consecutive years of annual dividend increases, ranking among the top five in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) will present at the Robert W. Baird Global Industrial Conference in Chicago on November 8, 2022, at 10:15 a.m. Central time. Tom Williams, Chairman and CEO, and Jenny Parmentier, the incoming CEO effective January 1, 2023, will represent the company. Investors can access a live webcast of the presentation on Parker's investor website, which will also be archived for later viewing. Parker Hannifin has a strong history of financial performance, with 66 consecutive years of increasing annual dividends, ranking among the top dividend-increasing companies in the S&P 500.
Parker Hannifin reported record fiscal 2023 first-quarter sales of $4.23 billion, a 12% increase year-over-year, driven by strong organic growth. Net income was $387.9 million, down from $451.2 million a year ago, though adjusted net income rose 11% to $615.5 million. EPS was $2.98, compared to $3.45 previously, while adjusted EPS reached a record of $4.74. The company raised its full-year organic growth and adjusted EPS guidance, projecting growth of 4.5% to 7.5% and EPS of $12.85 to $13.55.
FAQ
What is the current stock price of Parker-Hannifin Corporation (PH)?
What is the market cap of Parker-Hannifin Corporation (PH)?
What does Parker-Hannifin Corporation do?
How long has Parker-Hannifin been in business?
What are the main segments of Parker-Hannifin’s operations?
How has Parker-Hannifin performed financially recently?
Who are the top executives at Parker-Hannifin?
What are some recent achievements of Parker-Hannifin?
What is Parker-Hannifin’s Win Strategy™?
How can I get more information about Parker-Hannifin?
What is Parker-Hannifin's future outlook?
How does Parker-Hannifin support its operations globally?
