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Mar 31, 2024
Parker-Hannifin Q3 2024 Earnings Report
Parker-Hannifin's Q3 2024 results were reported, featuring record sales and adjusted EPS, with increased outlook for segment operating margin and EPS for fiscal year 2024.
Key Takeaways
Parker-Hannifin reported record third quarter results, including record sales of $5.07 billion and a 10% increase in adjusted earnings per share to $6.51. The company also increased its outlook for segment operating margin and EPS for fiscal year 2024.
Record sales of $5.07 billion.
Organic sales increased by 1%.
Adjusted segment operating margin was a record 24.7%, an increase of 150 basis points.
Adjusted EPS was a record $6.51, an increase of 10%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Parker increased its outlook for fiscal year 2024, expecting total sales growth of approximately 4%, adjusted total segment operating margin of approximately 24.6%, and adjusted earnings per share in the range of $24.65 to $24.85.
Positive Outlook
- Total sales growth in fiscal 2024 to be approximately 4%.
- Adjusted total segment operating margin of approximately 24.6%.
- Adjusted earnings per share in the range of $24.65 to $24.85.
- Strong third quarter performance.
- Double-digit organic growth in aerospace.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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