Parker Reports Fiscal 2019 Second Quarter Results

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Parker-Hannifin (PH) Tops Q2 EPS by 9c, Revenues Beat; Offers FY19 EPS Guidance

January 31, 2019 7:37 AM EST

Parker-Hannifin (NYSE: PH) reported Q2 EPS of $2.51, $0.09 better than the analyst estimate of $2.42. Revenue for the quarter came in at $3.47 billion versus the consensus estimate of $3.46 billion.

Sales increased 3% to second quarter record $3.47 billion; organic sales increased 6%As reported EPS were $2.36, or $2.51 adjustedTotal segment operating margins were a second... More