Parker-Hannifin (PH) Tops Q3 EPS by 16c, Revenues Beat; Affirms FY19 EPS Mid-Point Guidance Below Consensus

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Parker Reports Fiscal 2019 Third Quarter Results

May 2, 2019 7:30 AM EDT

-       EPS reached an all-time quarterly record at $3.14 as reported, or $3.17 adjusted-       Segment operating margin was an all-time record at 17.1% as reported, or 17.2% adjusted-       Third quarter sales were $3.69 billion, with organic growth of 2% offset by currency translation-       Strong cash flow from operations was 10.3% of sales, or 12.1%, excluding pension contribution-       EBITDA margin was 18.6% as reported, or 18.7% adjusted

CLEVELAND, May 02, 2019 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2019 third quarter ended March 31, 2019.  Fiscal 2019 third quarter sales were $3.69 billion compared... More