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Dec 31, 2021
Parker-Hannifin Q2 2022 Earnings Report
Parker-Hannifin's Q2 2022 results were reported, featuring record sales and segment operating margin, driven by strong organic growth.
Key Takeaways
Parker-Hannifin reported a 12% increase in sales to a second quarter record of $3.82 billion. The company's segment operating margin also reached a record at 19.4% as reported, or 21.6% adjusted. Net income was $387.6 million, with an EPS of $2.97 as reported, or $4.46 adjusted. The company has increased its fiscal year 2022 EPS guidance.
Sales increased 12% to a second quarter record at $3.82 billion.
Organic sales increased 13%.
Segment operating margin was a second quarter record at 19.4% as reported, or 21.6% adjusted.
Company increases fiscal 2022 EPS guidance.
Revenue by Segment
Forward Guidance
For the fiscal year ending June 30, 2022, the company has increased guidance for earnings per share to the range of $14.42 to $14.92, or $17.80 to $18.30 on an adjusted basis. Guidance assumes organic sales growth of approximately 10% to 12% compared with the prior year.
Positive Outlook
- Positive demand trends are expected to continue.
- Confident in ability to navigate the Omicron variant.
- Confident in ability to navigate supply chain challenges ahead.
- Encouraged with the progress being made on the regulatory clearances required for the closure of the Meggitt acquisition.
- Remain strongly positioned to deliver sustainable long-term growth and top quartile performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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