Parker-Hannifin (PH) Tops Q4 EPS by 14c

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Parker Reports Fiscal 2017 Fourth Quarter and Full Year Results

August 3, 2017 7:31 AM EDT

Fourth quarter sales increased 18% to $3.5 billion, organic sales increased 6%Fourth quarter total segment operating margins strong at 15.3%, or 16.8% adjustedFourth quarter EPS increased 21% to a record $2.15, or an increase of 29% to $2.45, on an adjusted basisFull year operating cash flow strong at 10.8% of sales, or 12.7% excluding discretionary pension contributionCompany issues fiscal 2018 full year guidance, anticipating a record year for sales and earnings

CLEVELAND, Aug. 03, 2017 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results... More