Parker Reports Fiscal 2020 First Quarter Results
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Parker-Hannifin (PH) Tops Q1 EPS by 11c; Provides FY20 EPS Guidance
October 31, 2019 7:43 AM EDTParker-Hannifin (NYSE: PH) reported Q1 EPS of $2.76, $0.11 better than the analyst estimate of $2.65. Revenue for the quarter came in at $3.33 billion versus the consensus estimate of $3.33 billion.
First quarter sales were $3.33 billion; organic sales declined 3%First quarter EPS were $2.60 as reported, or $2.76 adjustedFirst quarter total segment operating margin was 17.0% as reported, or 17.3% adjustedEBITDA margin was 18.4% as reported, or 19.1% adjustedCash flow from operations was a first quarter record at $449 million, and reached 13.5% of salesLORD... More