Parker-Hannifin (PH) Tops Q2 EPS by 27c, Updates FY Guidance

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Parker Reports Fiscal 2020 Second Quarter Results

January 30, 2020 7:30 AM EST

- Sales were a second quarter record at $3.50 billion - EPS were $1.57 as reported, or $2.54 adjusted- Total segment operating margin was 13.9% as reported, or 15.8% adjusted- EBITDA margin was 13.8% as reported, or 18.5% adjusted- Cash flow from operations was a Q2 YTD record at $826.0 million and reached 12.1% of sales- Company increases fiscal 2020 full year guidance

CLEVELAND, Jan. 30, 2020 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2020 second quarter ended December 31, 2019.  Fiscal 2020 second quarter sales were $3.50 billion, compared... More