Parker-hannifin Corporation · NYSE:PH
Parker-hannifin — Q4 FY2011 Earnings Presentation
14 slides from Parker-hannifin's earnings presentation, Aug 2, 2011
Slide 1: Quarterly Earnings Release Q4 and Total Year FY2011
Parker Hannifin Corporation Quarterly Earnings Release th Quarter and Total Year FY2011 August 2, 2011 Exhibit 99.2 Forward-Looking Statements Forward-Looking Statements: Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances
Slide 2: Financial Highlights: Diluted Earnings per Share
Financial Highlights Diluted Earnings per Share th Quarter and Total Year $1.79 $1.35 $6.37 $3.40 $.00 $1.00 $2.00 $3.00 $4.00 $5.00 $6.00 $7.00 Q4 FY11 Q4 FY10 FY11 FY10
Slide 3: Financial Highlights: Sales
Financial Highlights Sales – th Quarter and Total Year Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported 3,410 $ 22.4 % 2,786 $ 12,346 $ 23.5 % 9,993 $ Acquisitions 0.7 % 0.5 % Currency 6.7 % 2.0 % Adjusted Sales 3,204 $ 15.0 % 12,087 $ 21.0 % Operating Margin As re
Slide 4: Segment Reporting: Industrial North America
Segment Reporting Industrial North America Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported 1,227 $ 18.6 % 1,034 $ 4,517 $ 24.6 % 3,624 $ Acquisitions 1.0 % 0.7 % Currency 0.9 % 0.6 % Adjusted Sales 1,207 $ 16.7 % 4,469 $ 23.3 % Operating Margin As reported $ $ $ $
Slide 5: Segment Reporting: Industrial International
Segment Reporting Industrial International Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported 1,384 $ 33.8 % 1,034 $ 4,917 $ 29.0 % 3,811 $ Acquisitions 0.6 % 0.4 % Currency 15.9 % 4.4 % Adjusted Sales 1,213 $ 17.3 % 4,734 $ 24.2 % Operating Margin As reported $ $ $
Slide 6: Segment Reporting: Aerospace
Segment Reporting Aerospace Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported $ 9.3 % $ 1,922 $ 10.2 % 1,744 $ Acquisitions 0.0 % 0.2 % Currency 0.4 % 0.0 % Adjusted Sales $ 8.9 % 1,919 $ 10.0 % Operating Margin As reported $ $ $ $ % of Sales 13.6 % 13.4 % 12.9 % 11
Slide 7: Segment Reporting: Climate & Industrial Controls
Segment Reporting Climate & Industrial Controls Dollars in millions FY2011 % Change FY2010 FY2011 % Change FY2010 Sales As reported $ 15.2 % $ $ 21.7 % $ Acquisitions 1.4 % 1.5 % Currency 4.1 % 1.6 % Adjusted Sales $ 9.7 % $ 18.6 % Operating Margin As reported $ $ $ $ % of Sales 8.1 % 8.5 % 7.7 % 6.
Slide 8: 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 JUN '11 MAR '11 JUN '10 MAR '10 Total Parker 15 % + 24 % + 35 % + 23 % + Industrial North America 11 % + 20 % + 46 % + 30
Slide 9: Strong Cash Flow
Strong Cash Flow Cash from Operating Activities Quarter and Total Year th Q4 Cash From Operating Activities Q4 '11 Q4 '10 As Reported $367M $377M As Reported % Sales 10.8% 13.5% Pension Plan Contribution $200M -0- Adjusted Cash From Operating Activities $567M $377M Adjusted % Sales 16.6% 13.5% Full
Slide 10: Financial Leverage
Financial Leverage 24.7% Debt to Debt Equity 24.7% 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
Slide 11: FY 2012 Earnings Outlook Assumptions
FY 2012 Earnings Outlook Assumptions Segment Sales & Operating Margins FY 2012 Sales change versus FY 2011 Industrial North America 4.2 % -- 8.2 % Industrial International 8.6 % -- 12.6 % Aerospace 3.0 % -- 6.0 % Climate & Industrial Controls 3.6 % -- 7.6 % FY 2012 Operating margin percentages Indus
Slide 12: Appendix
Appendix Income Statement th Quarter FY2011 Total Year FY2011
Slide 13: Income Statement – Quarter
Income Statement – Quarter Dollars in millions % of Sales % of Sales Net Sales 3,409.8 $ 100.0 % 2,786.5 $ 100.0 % Cost of sales 2,590.8 76.0 % 2,114.2 75.9 % Gross profit 819.0 24.0 % 672.3 24.1 % S, G & A 413.4 12.1 % 349.3 12.5 % Interest expense 24.8 .7 % 26.9 1.0 % Other (income) expense, net (
Slide 14: Income Statement – Total Year
Income Statement – Total Year Dollars in millions % of Sales % of Sales Net Sales 12,345.9 $ 100.0 % 9,993.2 $ 100.0 % Cost of sales 9,387.5 76.0 % 7,847.1 78.5 % Gross profit 2,958.4 24.0 % 2,146.1 21.5 % S, G & A 1,467.8 11.9 % 1,277.1 12.8 % Interest expense 99.7 .8 % 103.6 1.0 % Other (income) e