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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%.
Parker-Hannifin
Parker-Hannifin
Parker-Hannifin Revenue by Segment
Parker-Hannifin Revenue by Geographic Location
Revenue by Segment
Diversified Industrial Revenue
CapyFin.comAerospace Systems Revenue
CapyFin.comRevenue by Geographic Location
North America Revenue
CapyFin.comInternational Revenue
CapyFin.com 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