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Dec 31, 2020
Parker-Hannifin Q2 2021 Earnings Report
Parker Hannifin reported record second quarter net income and EPS, driven by operating performance improvement and strategic acquisitions.
Key Takeaways
Parker Hannifin reported a record second quarter with net income of $447.3 million and EPS of $3.41. The company saw improvements in operating performance and benefited from strategic acquisitions. They also increased their full year EPS guidance.
Second quarter record net income of $447.3 million, EPS at $3.41 as reported, or $3.44 adjusted.
Second quarter record total segment operating margin of 17.4% as reported, or 20.4% adjusted.
Cash flow from operations was a Q2 YTD record at $1.35 billion, or 20.4% of sales.
Company increases fiscal 2021 EPS guidance midpoint to $12.15 as reported, or $13.90 adjusted.
Revenue by Segment
Forward Guidance
The company has increased guidance for earnings per share to the range of $11.90 to $12.40, or $13.65 to $14.15 on an adjusted basis. Guidance assumes an organic sales decline in the range of (4.5%) to (2.5%).
Positive Outlook
- Increased full year guidance for fiscal 2021.
- Committed to driving improvements through the execution of the Win Strategy.
- Making continued progress toward long-term financial goals.
Challenges Ahead
- Outlook for key end markets continues to be uncertain in the current environment.
- Guidance assumes an organic sales decline in the range of (4.5%) to (2.5%).
Historical Earnings Impact
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Avg. Return Before/After Earnings
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