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Mar 31, 2020
Parker-Hannifin Q3 2020 Earnings Report
Reported strong results despite global disruption, withdrew fiscal year 2020 full year guidance.
Key Takeaways
Parker Hannifin reported a strong third quarter with sales of $3.70 billion, despite an organic sales decline of 7.4%. Adjusted EBITDA margin improved to 19.3%. The company withdrew its fiscal year 2020 earnings guidance due to the uncertain environment.
EPS were $2.83 as reported, or $2.92 adjusted.
Total segment operating margin was 15.8% as reported, or 16.9% adjusted.
EBITDA margin was 18.2% as reported, or 19.3% adjusted.
Cash flow from operations was a Q3 YTD record at $1.3 billion and reached 12.3% of sales.
Revenue by Segment
Forward Guidance
Due to the current environment making it difficult to forecast results with any reasonable amount of accuracy, the company is withdrawing its earnings guidance for fiscal year 2020.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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