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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.
Parker-Hannifin
Parker-Hannifin
Parker-Hannifin Revenue by Segment
Revenue by Segment
Aerospace Systems Revenue
CapyFin.com 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.