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Company Research15 Apr 2024
The Industrial Machinery, Supplies, and Components Industry
Explore the industrial machinery industry's growth, driven by technology, sustainability, and digital transformation, impacting global economic development.
Parker-Hannifin
Parker-Hannifin (PH) investor relations material
Parker-Hannifin Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary29 Jan, 2026
Executive summary
Achieved record quarterly sales of $5.2 billion, up 9% year-over-year, with 6.6% organic growth and strong performance in both Diversified Industrial and Aerospace Systems segments.
Adjusted EPS reached a record $7.65, up 17% year-over-year; reported EPS was $6.60, down due to a prior-year one-time divestiture gain.
Announced a definitive agreement to acquire Filtration Group Corporation for $9.25 billion, expected to close in 6-12 months, expanding presence in filtration, aftermarket, and life sciences.
Backlog increased to a record $11.7 billion, with positive order rates across all businesses.
Gross profit margin improved to 37.3% from 36.3% year-over-year, reflecting favorable product mix and cost containment.
Financial highlights
Sales up 9% year-over-year; organic growth nearly 7%, with favorable currency and acquisition impacts.
Adjusted EBITDA margin reached 27.7%, up 90 basis points; adjusted segment operating margin was 27.1%, up 150 basis points.
Adjusted net income for Q2 was $980 million, up from $853 million in the prior year; net income margin was 16.3% for the quarter.
Cash flow from operations for the six months was $1.64 billion, with a margin of 16.0%.
Free cash flow margin was 14.2% for the first half; capital expenditures were $183 million.
Outlook and guidance
Full-year organic sales growth guidance raised to 4%-6% (midpoint 5%), with reported sales growth of 5.5%-7.5%.
Adjusted segment operating margin guidance increased to 27.0%-27.4% for the year.
Full-year adjusted EPS guidance raised to $30.40-$31.00, up 12.3% year-over-year.
Free cash flow guidance increased to $3.2-$3.6 billion, with conversion above 100%.
Q3 guidance: sales ~$5.4 billion (+8.5%), organic growth 5%, segment margin 27%, adjusted EPS $7.75.
Filtration Group acquisition's long-term value?
Assess aerospace demand's impact on future growth.
What factors drove record adjusted segment margins?
Filtration Group: Aftermarket sales impact
In-plant recovery drivers and outlook
Orders outpacing sales: What's driving it?
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Next Parker-Hannifin earnings date
Q3 202630 Apr, 2026
Parker-Hannifin
Next Parker-Hannifin earnings date
Q3 202630 Apr, 2026
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Frequently asked questions
Parker-Hannifin Corporation designs, manufactures, and markets motion and control technologies and systems for various mobile, industrial, and aerospace markets internationally. The company offers pumps and hydrostatic components; drive systems; engine controls; satellite components, launch vehicles, and related services; positioning systems; industrial tools; valves and actuators; aircraft jet engines; aircraft propulsion products and aftermarket parts; gas turbine power generation equipment.
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