We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Parker-Hannifin Q1 Earnings Beat, Aerospace Systems Sales Up Y/Y
Read MoreHide Full Article
Key Takeaways
Parker-Hannifin's Q1 adjusted EPS rose 16% to $7.22, topping the consensus estimate of $6.67.
Sales climbed 3.7% to $5.08B, driven by 13.3% Aerospace growth and 5% organic expansion.
PH lifted fiscal 2026 guidance, now targeting 4-7% sales growth and up to $30.40 EPS.
Parker-Hannifin Corporation (PH - Free Report) reported first-quarter fiscal 2026 (ended September 2025) adjusted earnings (excluding 93 cents from non-recurring items) of $7.22 per share, which beat the Zacks Consensus Estimate of $6.67. The bottom line jumped 16% year over year.
Total sales of $5.08 billion beat the consensus estimate of $4.94 billion. The top line increased 3.7% year over year. Organic sales grew 5%. Orders increased 8% year over year.
PH’s Segmental Details
The Diversified Industrial segment’s sales totaled $3.44 billion, representing 67.7% of total sales. On a year-over-year basis, the segment’s sales decreased 0.4%.
Sales from Diversified Industrial North America totaled $2.04 billion, down 2.7% year over year. The Zacks Consensus Estimate was pegged at $1.97 billion. Diversified International sales were $1.40 billion, up 3.2% year over year. The consensus mark was pegged at $1.40 billion.
Orders for Diversified Industrial North America increased 3% year over year, while Diversified Industrial International orders rose 6% on a year-over-year basis.
The Aerospace Systems segment generated sales of $1.64 billion, which accounted for 32.3% of total sales. Sales jumped 13.3% year over year, thanks to commercial OEM growth and continued aftermarket strength. The Zacks Consensus Estimate was pegged at $1.57 billion. Orders for the Aerospace Systems unit increased 15% on a year-over-year basis.
Parker-Hannifin Corporation Price, Consensus and EPS Surprise
Parker-Hannifin’s cost of sales was $3.18 billion, up 2.6% year over year. Selling, general and administrative expenses increased 2.8% from the prior year to $873 million.
Adjusted total segment operating income increased 10.5% year over year to $1.39 billion. Adjusted total segment operating margin increased 170 basis points year over year to 27.4%.
PH’s Balance Sheet & Cash Flow
Exiting the fiscal first quarter, Parker-Hannifin had cash and cash equivalents of $473 million compared with $467 million at the end of fiscal 2025. Long-term debt was $7.49 billion compared with $7.49 billion at the end of fiscal 2025.
In the first three months of fiscal 2026, Parker-Hannifin generated net cash of $782 million from operating activities compared with $744 million in the year-ago period.
Capital spending totaled $89 million in the first three months of the fiscal year compared with $95 million in the year-ago period.
Parker-Hannifin paid out cash dividends of $228 million, up 8.6% year over year.
PH’s Fiscal 2026 Guidance Updated
Parker-Hannifin has updated its fiscal 2026 (ending June 2026) guidance. The company now expects total sales to increase 4-7% year over year compared with 2-5% expected earlier. Organic sales are projected to increase 2.5-5.5%. Its adjusted operating margin is estimated to be 26.8-27.2%.
Parker-Hannifin currently expects adjusted earnings to be in the band of $29.60-$30.40 per share compared with $28.40-$29.40 per share expected earlier.
Dover Corporation (DOV - Free Report) reported earnings of $2.62 per share in third-quarter 2025, beating the Zacks Consensus Estimate of $2.50. This compares with earnings of $2.27 per share a year ago.
Dover posted revenues of $2.08 billion in the quarter, missing the Zacks Consensus Estimate by 0.6%. This compares with year-ago revenues of $1.98 billion.
Ardagh Metal Packaging S.A. (AMBP - Free Report) came out with earnings of eight cents per share in the third quarter of 2025, beating the Zacks Consensus Estimate of seven cents. This compares with earnings of eight cents per share a year ago.
Ardagh Metal posted revenues of $1.43 billion in the quarter, beating the Zacks Consensus Estimate by 2.7%. This compares with year-ago revenues of $1.31 billion.
Packaging Corporation of America (PKG - Free Report) reported earnings of $2.73 per share in the third quarter, missing the Zacks Consensus Estimate of $2.83. This compares with earnings of $2.65 per share a year ago.
Packaging Corp. posted revenues of $2.31 billion in the quarter, surpassing the Zacks Consensus Estimate by 2.2%. This compares with year-ago revenues of $2.18 billion.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Parker-Hannifin Q1 Earnings Beat, Aerospace Systems Sales Up Y/Y
Key Takeaways
Parker-Hannifin Corporation (PH - Free Report) reported first-quarter fiscal 2026 (ended September 2025) adjusted earnings (excluding 93 cents from non-recurring items) of $7.22 per share, which beat the Zacks Consensus Estimate of $6.67. The bottom line jumped 16% year over year.
Total sales of $5.08 billion beat the consensus estimate of $4.94 billion. The top line increased 3.7% year over year. Organic sales grew 5%. Orders increased 8% year over year.
PH’s Segmental Details
The Diversified Industrial segment’s sales totaled $3.44 billion, representing 67.7% of total sales. On a year-over-year basis, the segment’s sales decreased 0.4%.
Sales from Diversified Industrial North America totaled $2.04 billion, down 2.7% year over year. The Zacks Consensus Estimate was pegged at $1.97 billion. Diversified International sales were $1.40 billion, up 3.2% year over year. The consensus mark was pegged at $1.40 billion.
Orders for Diversified Industrial North America increased 3% year over year, while Diversified Industrial International orders rose 6% on a year-over-year basis.
The Aerospace Systems segment generated sales of $1.64 billion, which accounted for 32.3% of total sales. Sales jumped 13.3% year over year, thanks to commercial OEM growth and continued aftermarket strength. The Zacks Consensus Estimate was pegged at $1.57 billion. Orders for the Aerospace Systems unit increased 15% on a year-over-year basis.
Parker-Hannifin Corporation Price, Consensus and EPS Surprise
Parker-Hannifin Corporation price-consensus-eps-surprise-chart | Parker-Hannifin Corporation Quote
PH’s Margin Profile
Parker-Hannifin’s cost of sales was $3.18 billion, up 2.6% year over year. Selling, general and administrative expenses increased 2.8% from the prior year to $873 million.
Adjusted total segment operating income increased 10.5% year over year to $1.39 billion. Adjusted total segment operating margin increased 170 basis points year over year to 27.4%.
PH’s Balance Sheet & Cash Flow
Exiting the fiscal first quarter, Parker-Hannifin had cash and cash equivalents of $473 million compared with $467 million at the end of fiscal 2025. Long-term debt was $7.49 billion compared with $7.49 billion at the end of fiscal 2025.
In the first three months of fiscal 2026, Parker-Hannifin generated net cash of $782 million from operating activities compared with $744 million in the year-ago period.
Capital spending totaled $89 million in the first three months of the fiscal year compared with $95 million in the year-ago period.
Parker-Hannifin paid out cash dividends of $228 million, up 8.6% year over year.
PH’s Fiscal 2026 Guidance Updated
Parker-Hannifin has updated its fiscal 2026 (ending June 2026) guidance. The company now expects total sales to increase 4-7% year over year compared with 2-5% expected earlier. Organic sales are projected to increase 2.5-5.5%. Its adjusted operating margin is estimated to be 26.8-27.2%.
Parker-Hannifin currently expects adjusted earnings to be in the band of $29.60-$30.40 per share compared with $28.40-$29.40 per share expected earlier.
PH’s Zacks Rank
The company currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Companies
Dover Corporation (DOV - Free Report) reported earnings of $2.62 per share in third-quarter 2025, beating the Zacks Consensus Estimate of $2.50. This compares with earnings of $2.27 per share a year ago.
Dover posted revenues of $2.08 billion in the quarter, missing the Zacks Consensus Estimate by 0.6%. This compares with year-ago revenues of $1.98 billion.
Ardagh Metal Packaging S.A. (AMBP - Free Report) came out with earnings of eight cents per share in the third quarter of 2025, beating the Zacks Consensus Estimate of seven cents. This compares with earnings of eight cents per share a year ago.
Ardagh Metal posted revenues of $1.43 billion in the quarter, beating the Zacks Consensus Estimate by 2.7%. This compares with year-ago revenues of $1.31 billion.
Packaging Corporation of America (PKG - Free Report) reported earnings of $2.73 per share in the third quarter, missing the Zacks Consensus Estimate of $2.83. This compares with earnings of $2.65 per share a year ago.
Packaging Corp. posted revenues of $2.31 billion in the quarter, surpassing the Zacks Consensus Estimate by 2.2%. This compares with year-ago revenues of $2.18 billion.