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Jun 30, 2021
Parker-Hannifin Q4 2021 Earnings Report
Parker Hannifin reported record fourth quarter and full year results, driven by strong sales and net income growth.
Key Takeaways
Parker Hannifin reported a record fourth quarter for fiscal year 2021, with sales increasing by 25% to $3.96 billion and net income increasing by 74% to $504.8 million. EPS also reached a record $3.84, a 72% increase. The company issued guidance for fiscal year 2022, expecting earnings per share between $14.08 and $14.88, or $16.20 to $17.00 on an adjusted basis.
Fourth quarter sales increased 25% to $3.96 billion, with organic sales up 22%.
Segment operating margin for the fourth quarter was 20.0% as reported, or 22.2% adjusted.
Fourth quarter EPS increased 72% to $3.84 as reported, or $4.38 adjusted.
Full year net income was $1.75 billion, with EPS at $13.35 as reported, or $15.04 adjusted.
Revenue by Segment
Forward Guidance
For the fiscal year ending June 30, 2022, the company has issued guidance for earnings per share to the range of $14.08 to $14.88, or $16.20 to $17.00 on an adjusted basis. Guidance assumes organic sales growth of approximately 5% to 9% compared with the prior year.
Positive Outlook
- Positive demand trends across many end markets.
- Anticipated continued recovery in commercial aerospace during fiscal 2022.
- Improving macro-economic outlook.
- Continued actions to drive profitable growth by executing the Win Strategy.
- Delivering top quartile financial performance.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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