Parker-Hannifin (PH) Tops Q4 EPS by 31c

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Parker Reports Fiscal 2018 Fourth Quarter and Full Year Results

August 2, 2018 7:30 AM EDT

Fourth quarter sales increased 9% to an all-time quarterly record of $3.82 billionDemand remained strong with fourth quarter organic growth of 9% and order rates increased 8% Fourth quarter total segment operating margins a record at 16.9% as reported, 17.5% adjustedFourth quarter EPS increased 22% to $2.62, or an increase of 31% to $3.22, on an adjusted basisFourth quarter EBITDA margins increased 100 bps to 17.4%, or 18.8% on an adjusted basisFull year operating cash flow reached a record $1.6 billion or 11.2% of salesFiscal 2019 full year guidance anticipates another record year for sales and operating... More