Latest news with #ParkerHannifin
Yahoo
2 days ago
- Business
- Yahoo
With 4.9% of CAGR, Industrial Filters Market Size to Gain $52.36 Billion by 2031, Experiences Surge in Product Development by Manufacturers
The global industrial filters market is growing steadily, fueled by rising environmental regulations, industrialization, and demand for clean and safe working environments across sectors like manufacturing, power generation, pharmaceuticals, food & beverage, and chemicals. Leading players in the market include Parker Hannifin, Eaton Corporation, 3M Company, Donaldson Company, MANN+HUMMEL, Camfil, Cummins Filtration, Ahlstrom, and Lydall Inc. US & Canada, June 03, 2025 (GLOBE NEWSWIRE) -- According to a new comprehensive report from The Insight Partners, the global industrial filters market is observing healthy growth owing to the rising demand for automatic filter systems across different regions. The report runs an in-depth analysis of market trends, key players, and future opportunities. The rising demand for automatic filter systems; surge in product development by manufacturers; and stringent government regulations toward the adoption of industrial filters are some of the major drivers of market growth. To explore the valuable insights in the Industrial Filters Market report, you can easily download a sample PDF of the report – Overview of Report Findings 1. Market Growth: The industrial filters market is expected to reach US$ 38.25 billion in 2024 and is expected to reach US$ 52.36 billion by 2031; it is estimated to record a CAGR of 4.9% from 2025 to 2031. Stringent government regulations toward the adoption of industrial filters, growing investment and installation of industrial filters, and a high focus on achieving net zero drive the demand for industrial filters. The demand for renewable energy and the surge in product development by manufacturers, government investments in the development of hydropower projects, and expanding industries propel the market growth. Further, the soaring research and development activities, integration of IoT, nanofiltration, and membrane technologies, and the growing demand for automatic filter systems are expected to provide future growth opportunities. 2. Surge in Product Development by Manufacturers: Industries adopt industrial filters to remove smoke, dust, fumes, and other harmful particles in their operations. These filters are necessary for steel, mining, hydropower plants, oil & gas, and manufacturing industries, where a high amount of contamination is generated. Industrial filters such as bag filters, cartridge filters, high-efficiency particulate air (HEPA) filters, and specialized filters are highly demanded and used by industries to remove particulate matter, improve product quality, enhance equipment lifespan, and protect workers' health. This demand encourages manufacturers to develop innovative industrial filters that meet the dynamic requirements of industries. 3. Rising Demand for Automatic Filtration Systems: Automatic filter systems have gained popularity in water & wastewater treatment, chemical & petrochemical, hydropower plants, pulp & paper, and food & beverages. These industries are deploying automatic filters in applications, including air and water purification and industrial manufacturing, owing to their efficiency, precision, and adaptability. An automatic filter system can automatically clean or backwash without the need for manual intervention. This system is widely utilized in water treatment, industrial processes, HVAC, and even residential settings (such as pools and irrigation systems). It is integrated with Internet of Things (IoT) sensors, nanofiltration, membrane technologies, and intelligent algorithms to detect, filter, and eliminate unwanted particles or contamination in real time. It can keep the filters clean without having to stop the system or remove them. 4. Geographical Insights: In 2024, Asia Pacific led the market with a substantial revenue share, followed by North America and Europe, respectively. Asia Pacific is expected to register the highest CAGR during the forecast period. For Detailed Industrial Filters Market Insights, Visit: Market Segmentation Based on media, the industrial filters market is segmented into fiber glass, metal, non-woven fabric, and others. The non-woven fabric segment held the largest market share in 2024. By operation, the market is segmented into automatic self-cleaning filters and traditional filters. The traditional filters segment held a larger share of the market in 2024. By application, the market is segmented into liquid filtration, air filtration, and gas filtration. The liquid filtration segment held a larger share of the market in 2024. By industry, the market is segmented into steel industry, automotive & transportation, mining industry, hydro powerplants, oil & gas, chemicals & petrochemicals, manufacturing, water & wastewater treatment, food & beverage, paper & pulp, and others. The water & wastewater treatment segment held a larger share of the market in 2024. Stay Updated on The Latest Industrial Filters Market Trends: Competitive Strategy and Development Key Players: A few of the major companies operating in the industrial filters market are Donaldson Company, Inc; Parker Hannifin Corporation; Mann+Hummel Group; Danaher Corporation; Freudenberg Filtration Technologies; Camfil Group; 3M; Eaton Corporation; Cummins Inc; and HYDAC International GmbH among others. Trending Topics: Industrial filtration systems market size, Manufacturing air filtration solutions, Industrial water filter market growth, Process filtration technology trends, Dust collection systems analysis, Industrial HEPA filter applications Global Headlines on Industrial Filters Market Parker Hannifin Corp launched the new BEVPOR caustic stable filter HYDAC International GmbH launched SUSTAINMICRON, a new filter element designed to support industries in energy cost savings and sustainable oil filtration Eaton Corporation upgraded its filter cartridge portfolio to meet industrial needs Purchase Premium Copy of Global Industrial Filters Market Size and Growth Report (2021-2031) at: Conclusion The global industrial filters market demonstrates resilient growth amidst evolving industrial landscapes and regulatory environments. The segmentation between liquid, air, and gas filtration reflects diverse industrial needs, with air filtration maintaining market leadership due to widespread application across sectors and increasing clean air mandates. Regional variations in filter type adoption highlight the influence of industrial composition and regulatory frameworks on market dynamics. While developed markets in North America and Europe emphasize premium technologies and replacement cycles, emerging markets in Asia-Pacific, Latin America, and parts of the Middle East and Africa drive volume growth through new installations. Talk to Us Directly: Trending Related Reports: About Us: The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We specialize in industries such as Semiconductor and Electronics, Aerospace and Defense, Automotive and Transportation, Biotechnology, Healthcare IT, Manufacturing and Construction, Medical Device, Technology, Media and Telecommunications, Chemicals and Materials. Contact Us: If you have any queries about this report or if you would like further information, please contact us: Contact Person: Ankit Mathur E-mail: Phone: +1-646-491-9876 Home - in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
08-05-2025
- Business
- Yahoo
Leadership Transition in Parker-Hannifin (NYSE:PH) as Filtration Group President Announces Retirement
Parker-Hannifin's (NYSE:PH) recent leadership transition announcement involving the incoming presidency of Matthew A. Jacobson over the Filtration Group is a significant development that may align with the company's broader strategic goals. Over the last month, the company's stock price increased by 17%, a notable move that stands out compared to the general market's 1.2% gain in the same period. This surge may be further supported by a robust earnings report revealing higher net income and rising earnings per share, alongside a dividend increase and share buybacks. Consequently, these elements have likely reinforced investor confidence during an era of favorable market trends enhanced by positive trade developments. We've discovered 1 warning sign for Parker-Hannifin that you should be aware of before investing here. Find companies with promising cash flow potential yet trading below their fair value. The leadership transition at Parker-Hannifin, with Matthew A. Jacobson's appointment as president over the Filtration Group, aligns with the company's focus on pivotal business segments. This development reflects ongoing efforts to consolidate market presence through strategic acquisitions, which have historically enhanced revenue growth and fortified its aerospace and filtration businesses. As of 8 May 2025, Parker-Hannifin's impressive five-year total return of 354.13% underscores its robust performance relative to the broader market trends. In comparison, over the past year, Parker-Hannifin outperformed both the US Machinery industry and the general market, with the market showing a 7.7% return while the Machinery industry lost 3.8%. The company's consistent focus on cost control, margin expansion, and strategic acquisitions supports its current operational and financial robustness. The price movement, with a 17% increase in a month, indicates favorable investor sentiment, aligning closely with the consensus analyst price target of US$704.38, which is approximately 12.8% higher than the current share price. Looking ahead, the recent leadership adjustment may influence revenue and earnings forecasts positively through enhanced business segment performance and continued implementation of efficiency measures. However, the ongoing global industrial recovery and market dynamics will play a critical role in validating these forecasts. As analysts expect earnings to reach US$3.7 billion by May 2028, the market's reaction to new executive strategies will be crucial in achieving these financial projections. The valuation report we've compiled suggests that Parker-Hannifin's current price could be inflated. This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned. Companies discussed in this article include NYSE:PH. Have feedback on this article? Concerned about the content? with us directly. Alternatively, email editorial-team@ Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Associated Press
01-05-2025
- Business
- Associated Press
Parker Reports Fiscal 2025 Third Quarter Results
CLEVELAND, May 01, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2025, that included the following highlights (compared with the prior year quarter): Fiscal 2025 Third Quarter Highlights: 'Our third quarter performance demonstrates the strength of our business and our global team's ability to continue to deliver record results,' said Jenny Parmentier, Chairman and Chief Executive Officer. 'All reported businesses showed substantial margin expansion and helped us surpass 26% adjusted segment operating margin for the first time. We also produced record earnings per share, generated record cash flow from operations, and repurchased $650 million of shares. We recently announced a 10% increase in our quarterly cash dividend and are committed to our strategy of actively deploying capital to drive shareholder value, including acquisitions and increased share repurchase activity, depending on market conditions.' 'The resiliency of our portfolio coupled with the power of our business system, The Win Strategy™, has enabled us to consistently deliver strong results through business cycles. With our decentralized structure and the agility of our global teams, we are confident in our ability to manage through macroeconomic uncertainty, including tariffs. We are fully committed to achieving our fiscal year 2029 financial targets.' Thisnews release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release. Outlook Guidance for the fiscal year ending June 30, 2025 has been updated. The company expects: Segment Results About Parker Hannifin Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at or @parkerhannifin. Notice of Webcast Parker Hannifin's conference call and slide presentation to discuss its fiscal 2025 third quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit Note on Orders The company reported orders for the quarter ending March 31, 2025, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations. Note on Non-GAAP Financial Measures This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margin for Parker and by segment; (d) adjusted segment operating income for Parker and by segment and (e) organic sales growth. The adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although adjusted net income, adjusted earnings per share, adjusted segment operating margin, adjusted segment operating income, and organic sales growth are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release. Forward-Looking Statements Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as 'anticipates,' 'believes,' 'may,' 'should,' 'could,' 'expects,' 'targets,' 'is likely,' 'will,' or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance. Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker's Annual Report on Form 10-K for the fiscal year ended June 30, 2024 and other periodic filings made with the SEC.
Daily Record
30-04-2025
- Politics
- Daily Record
Pro-Palestine activists vandalise Glasgow factory over 'Israel links'
Photos have emerged of activists vandalising the Scottish offices of a military parts manufacturer over the company's alleged links to the Israeli military campaign in Gaza. Parker Hannifin's premises in Glasgow's Hillington were targeted on Monday night, April 28, with the building covered in red paint and defaced with slogans such as 'Free Palestine' and 'Your profits are covered in blood.' Activists from the group Palestine Action Scotland claimed responsibility for the incident, accusing the firm of supplying components used in weapons systems deployed by Israeli forces. In a statement, the group said the action was taken in response to 'calls from Palestine to disrupt the flow of arms and technology from Scotland to Israel.' They specifically cited Parker Hannifin's role in producing parts for the F-35 Joint Strike Fighter and other military aircraft used in Israeli operations. The company also supplies systems to Leonardo, an Italian defence contractor with long-standing ties to Israel, known for manufacturing components for Apache helicopters and F-35 targeting systems. 'These weapons have been used to drop 2,000lb bombs on Gaza, destroying homes, civilian infrastructure, and killing tens of thousands,' the group said. 'Parker Hannifin has blood on its hands and will remain a target until it cuts ties with complicit companies like Leonardo.' The protest marks the second time activists in Scotland have targeted Parker Hannifin over its involvement in the arms trade with Israel. Campaigners referenced investigations by Amnesty International and legal proceedings at the International Court of Justice, which have described the situation in Gaza as genocide. 'This brutal war of extermination is being enabled by companies operating right here in Scotland,' the group said. 'Every company that chooses to be part of the supply chain to Israel's military shares responsibility and profits from genocide.' Palestine Action Scotland is part of a wider direct-action network seeking to shut down what it describes as 'sites of complicity' in Israeli apartheid. The group has carried out similar actions across the UK targeting companies involved in military supply chains. Parker Hannifin and Police Scotland have been contacted for comment.
Business Insider
25-04-2025
- Business
- Business Insider
Parker-Hannifin increases quarterly cash dividend 10% to $1.80 per share
Parker Hannifin has declared a quarterly cash dividend of $1.80 per share of common stock to shareholders of record as of May 9, payable June 6. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.63 per common share. Stay Ahead of the Market: Discover outperforming stocks and invest smarter with Top Smart Score Stocks. Filter, analyze, and streamline your search for investment opportunities using Tipranks' Stock Screener. Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
