Parker-hannifin Corporation · NYSE:PH
Parker-hannifin — Q3 FY2010 Earnings Presentation
16 slides from Parker-hannifin's earnings presentation, Apr 20, 2010
Slide 1: Quarterly Earnings Release 3rd Quarter FY 2010
Parker Hannifin Corporation Quarterly Earnings Release 3rd Quarter FY 2010 April 20, 2010 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 at the time o
Slide 2: Financial Highlights
Financial Highlights Diluted Earnings per Share rd Quarter $.94 $.33 $2.04 $2.81 $.00 $.50 $1.00 $1.50 $2.00 $2.50 $3.00 Q3 FY10 Q3 FY09 YTD FY10 YTD FY09
Slide 3: Slide 3
Slide 4: Segment Reporting: Industrial North America
Segment Reporting Industrial North America Dollars in millions FY2010 % Change FY2009 Sales As reported $ 11.9 % $ Acquisitions - -- % Currency 1.4 % Adjusted Sales $ 10.5 % Operating Margin As reported $ $ % of Sales 13.9 % 8.5 % 3rd Quarter
Slide 5: Segment Reporting: Industrial International
Segment Reporting Industrial International Dollars in millions FY2010 % Change FY2009 Sales As reported $ 18.9 % $ Acquisitions - -- % Currency 7.8 % Adjusted Sales $ 11.1 % Operating Margin As reported $ $ % of Sales 11.0 % 4.6 % 3rd Quarter
Slide 6: Segment Reporting: Aerospace
Segment Reporting Aerospace Dollars in millions FY2010 % Change FY2009 Sales As reported $ (6.4)% $ Acquisitions - -- % Currency 0.4 % Adjusted Sales $ (6.8)% Operating Margin As reported $ $ % of Sales 11.1 % 13.7 % 3rd Quarter
Slide 7: Segment Reporting: Climate & Industrial Controls
Segment Reporting Climate & Industrial Controls Dollars in millions FY2010 % Change FY2009 Sales As reported $ 23.9 % $ Acquisitions - -- % Currency 3.6 % Adjusted Sales $ 20.3 % Operating Margin As reported $ (7) $ % of Sales 7.7 % (4.3)% 3rd Quarter
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 MAR '10 DEC '09 MAR '09 DEC '08 Total Parker 23 % + 7 % - 34 % - 20 % - Industrial North America 30 % + 3 % - 35 % - 18 %
Slide 9: Strong Cash Flow
Strong Cash Flow Cash from Operating Activities rd Quarter Year To Date
Slide 10: Financial Leverage
Financial Leverage 29.2% Debt to Debt Equity (24.8% net Debt)
Slide 11: FY 2010 Earnings Outlook Assumptions
FY 2010 Earnings Outlook Assumptions Segment Sales & Operating Margins FY 2010 Sales change versus FY 2009 Industrial North America (3.6)% -- (5.6)% Industrial International (1.8)% -- (4.8)% Aerospace (7.6)% -- (8.0)% Climate & Industrial Controls .9 % -- (.1)% FY 2010 Operating margin percentages I
Slide 12: FY 2010 Earnings Outlook Assumptions
FY 2010 Earnings Outlook Assumptions below Operating Margin (+/- 1.0%) Corporate Admin $140M Interest Expense $104M Other Expense (Inc.) $147M Total $391M Tax Rate 28 %
Slide 13: Questions & Answers...
Questions & Answers...
Slide 14: Appendix
Appendix Income Statement rd Quarter FY2010 rd Quarter YTD FY2010
Slide 15: Income Statement – 3rd Quarter
Income Statement – rd Quarter Quarter Dollars in millions % of Sales % of Sales Net Sales 2,614.8 $ 100.0 % 2,344.7 $ 100.0 % Cost of sales 2,062.4 78.9 % 1,908.6 81.4 % Gross profit 552.4 21.1 % 436.1 18.6 % S, G & A 316.0 12.1 % 318.0 13.6 % Interest expense 26.0 1.0 % 28.4 1.2 % Other expense, ne
Slide 16: Income Statement – YTD
Income Statement – rd Quarter YTD Total Year Dollars in millions % of Sales % of Sales Net Sales 7,206.7 $ 100.0 % 8,098.1 $ 100.0 % Cost of sales 5,732.9 79.5 % 6,367.3 78.6 % Gross profit 1,473.8 20.5 % 1,730.8 21.4 % S, G & A 927.8 12.9 % 987.9 12.2 % Interest expense 76.7 1.1 % 86.8 1.1 % Other