Latest news with #ParkerHannifinCorporation
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.
Yahoo
10-03-2025
- Business
- Yahoo
Parker Scheduled to Present at the Bank of America Global Industrials Conference on March 19 at 10:35 a.m. Greenwich Mean Time (6:35 a.m. Eastern Time)
CLEVELAND, March 10, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Bank of America Global Industrials Conference in London, England on March 19, 2025 at 10:35 a.m. Greenwich Mean Time (6:35 a.m. Eastern Time). A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. 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. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin. ### CONTACT: Contact: Media - Aidan Gormley - Director, Global Communications and Branding 216-896-3258 Financial Analysts - Jeff Miller - Vice President, Investor Relations 216-896-2708 in to access your portfolio
Yahoo
24-02-2025
- Business
- Yahoo
Parker Scheduled to Present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025 at 11:35 a.m. Eastern Time
CLEVELAND, Feb. 24, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Raymond James' 46th Annual Institutional Investors Conference on March 3, 2025 in Orlando, Florida at 11:35 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. 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. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin. ### CONTACT: Contact: Media - Aidan Gormley - Director, Global Communications and Branding 216-896-3258 Financial Analysts - Jeff Miller - Vice President, Investor Relations 216-896-2708 in to access your portfolio
Associated Press
13-02-2025
- Business
- Associated Press
Parker Scheduled to Present at Citi's 2025 Global Industrial Tech and Mobility Conference on February 20 at 11:20 a.m. Eastern Time
CLEVELAND, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025 at 11:20 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. 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. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin.
Yahoo
13-02-2025
- Business
- Yahoo
Parker Scheduled to Present at Citi's 2025 Global Industrial Tech and Mobility Conference on February 20 at 11:20 a.m. Eastern Time
CLEVELAND, Feb. 13, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2025 at 11:20 a.m. Eastern time. A live webcast of the presentation will be accessible on Parker's investor information website at and will be archived on the site. 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. Parker has increased its annual dividend per share paid to shareholders for 68 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at or @parkerhannifin. ### CONTACT: Contact: Media - Aidan Gormley - Director, Global Communications and Branding 216-896-3258 Financial Analysts - Jeff Miller - Vice President, Investor Relations 216-896-2708 in to access your portfolio
