Parker-hannifin Corporation · NYSE:PH
Parker-hannifin — Q3 FY2011 Earnings Presentation
13 slides from Parker-hannifin's earnings presentation, Apr 27, 2011
Slide 1: Financial Highlights
Financial Highlights Diluted Earnings per Share rd Quarter and Year-to-Date $1.68 $.94 $4.58 $2.04 $.00 $.50 $1.00 $1.50 $2.00 $2.50 $3.00 $3.50 $4.00 $4.50 $5.00 Q3 FY11 Q3 FY10 FY11 FY10
Slide 2: Financial Highlights
Financial Highlights Sales – rd Quarter Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported 3,240 $ 23.9 % 2,615 $ 8,936 $ 24.0 % 7,207 $ Acquisitions 0.7 % 0.5 % Currency 2.5 % 0.3 % Adjusted Sales 3,155 $ 20.7 % 8,884 $ 23.2 % Operating Margin As reported $ $ 1,319
Slide 3: Segment Reporting: Industrial North America
Segment Reporting Industrial North America Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported 1,179 $ 23.0 % $ 3,289 $ 27.0 % 2,589 $ Acquisitions 1.0 % 0.5 % Currency 0.7 % 0.6 % Adjusted Sales 1,164 $ 21.3 % 3,262 $ 25.9 % Operating Margin As reported $ $ $ $ % of
Slide 4: Segment Reporting: Industrial International
Segment Reporting Industrial International
Slide 5: Segment Reporting: Aerospace
Segment Reporting Aerospace
Slide 6: Segment Reporting: Climate & Industrial Controls
Segment Reporting Climate & Industrial Controls
Slide 7: Parker Order Rates
Parker Order Rates Excludes Acquisitions & Currency 3-month year-over-year comparisons of total dollars, except Aerospace Aerospace is calculated using a 12-month moving average MAR '11 DEC '10 MAR '10 DEC '09 Total Parker 24 % + 29 % + 23 % + 7 % - Industrial North America 20 % + 26 % + 30 % + 3 %
Slide 8: Strong Cash Flow
Strong Cash Flow Cash from Operating Activities rd Quarter and YTD
Slide 9: Financial Leverage
Financial Leverage 25.3% 16.0% 18.0% 20.0% 22.0% 24.0% 26.0% 28.0% 30.0% 32.0% 34.0% 36.0% 38.0% 40.0% 42.0% FY00 FY01 FY02 FY03 FY04 FY05 FY06 FY07 FY08 FY09 FY10 FY11 Debt to Debt Equity 25.3% Debt to Debt Equity
Slide 10: FY 2011 Earnings Outlook Assumptions
FY 2011 Earnings Outlook Assumptions Segment Sales & Operating Margins FY 2011 Sales change versus FY 2010 Industrial North America 23.7 % -- 24.7 % Industrial International 27.0 % -- 28.0 % Aerospace 9.1 % -- 10.1 % Climate & Industrial Controls 19.5 % -- 20.5 % FY 2011 Operating margin percentages
Slide 11: FY 2011 Earnings Outlook Assumptions
FY 2011 Earnings Outlook Assumptions below Operating Margin (+/- 1.0%) Corporate Admin $155M Interest Expense $100M Other Expense (Inc.) $132M Total $387M Tax Rate 27%
Slide 12: Income Statement – Quarter
Income Statement – Quarter Dollars in millions % of Sales % of Sales Net Sales 3,240.1 $ 100.0 % 2,614.8 $ 100.0 % Cost of sales 2,463.1 76.0 % 2,062.4 78.9 % Gross profit 777.0 24.0 % 552.4 21.1 % S, G & A 375.1 11.6 % 316.0 12.1 % Interest expense 24.6 .8 % 26.0 1.0 % Other (income) expense, net (
Slide 13: Income Statement – Quarter YTD
Income Statement – rd Quarter YTD