Parker to Discuss Acquisition of Meggitt and its Effect on Guidance on September 28; Conference Call and Webcast Scheduled for 11:00 a.m. Eastern

Rhea-AI Summary

Parker Hannifin Corporation (NYSE: PH) announced a conference call on September 28, 2022, at 11:00 a.m. Eastern time to discuss the acquisition of Meggitt plc and its impact on fiscal 2023 guidance. The call is aimed at institutional investors and analysts and will be webcast on Parker's investor site. The company has a strong dividend history, having increased its annual dividend for 66 consecutive years, ranking among the top five in the S&P 500 index.

Positive

• Acquisition of Meggitt plc expected to enhance market presence.
• 66 consecutive years of dividend increases indicate strong financial health.

Negative

• None.

CLEVELAND, Sept. 21, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will host a conference call and webcast on Wednesday, September 28 at 11:00 a.m. Eastern time to discuss the completed acquisition of Meggitt plc and its effect on fiscal 2023 full year guidance. During the call, the company will respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

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FAQ

What is the purpose of Parker Hannifin's conference call on September 28, 2022?

The conference call aims to discuss the acquisition of Meggitt plc and its effect on fiscal 2023 guidance.

What significant acquisition did Parker Hannifin announce?

Parker Hannifin announced the acquisition of Meggitt plc.

What is the expected impact of the Meggitt acquisition on Parker Hannifin?

The acquisition is expected to enhance Parker Hannifin's market presence and financial performance.

How long has Parker Hannifin been increasing its dividend?

Parker Hannifin has increased its annual dividend for 66 consecutive years.