Parker-Hannifin (PH) Tops Q1 EPS by 56c, Offers Guidance

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Go back to Parker-Hannifin (PH) Tops Q1 EPS by 56c, Offers Guidance

Parker Reports Fiscal 2023 First Quarter Results

November 3, 2022 7:30 AM EDT

- Record sales and record adjusted total segment operating margin, net income and EPS- Sales increased 12% to $4.23 billion; organic sales increased 14%- Total segment operating margin was 19.8%, or 22.7% adjusted, an increase of 70 basis points- Net income was $387.9 million, or $615.5 million adjusted- EPS were $2.98, or $4.74 adjusted- EBITDA margin was 18.3%, or 23.3% adjusted, an increase of 120 basis points- Company increases full year organic growth and adjusted EPS guidance

CLEVELAND, Nov. 03,... More