Parker Reports Fiscal 2026 Third Quarter Results

About this update from Parker-hannifin Corporation

[{"type":"image","alt":"Parker-Hannifin Corporation","displaySize":"","headline":null,"caption":"Parker-Hannifin Corporation","className":"","disableSlideshowImg":false,"size":{"original":{"width":269,"height":102,"url":"https://media.zenfs.com/en/globenewswire.com/db8580fb316422e13e5e411a541f7d2e"},"resized":{"url":"https://s.yimg.com/ny/api/res/1.2/r1LX9nVi.4drTAovW6IRJA--/YXBwaWQ9aGlnaGxhbmRlcjt3PTQyMDtoPTE1OQ--/https://media.zenfs.com/en/globenewswire.com/db8580fb316422e13e5e411a541f7d2e","width":269,"height":102}},"lazy":false},{"type":"text","content":"Record Sales of $5.5 Billion Drive Record Cash Flow and Adjusted EPS; Orders +9%","length":80,"tagName":"p"},{"type":"text","content":"CLEVELAND, April 30, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2026, that included the following highlights (compared with the prior year period):","length":278,"tagName":"p"},{"type":"text","content":"Fiscal 2026 Third Quarter Highlights:","length":37,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"Sales increased 11% to a record $5.5 billion; organic sales increased 6.5%","length":74,"tagName":"p"}]},{"val":[{"type":"text","content":"Segment operating margin was 23.4%, an increase of 20 bps, or 26.7% adjusted, an increase of 40 bps","length":99,"tagName":"p"}]},{"val":[{"type":"text","content":"Net income was $0.9 billion, a decrease of 6% compared with the third quarter of fiscal 2025 which included a one-time discrete tax benefit of $180 million","length":155,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted net income increased 16% to $1.0 billion","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"EPS were $7.06, a decrease of 4% compared with the third quarter of fiscal 2025 which included a one-time discrete tax benefit of $1.37","length":135,"tagName":"p"}]},{"val":[{"type":"text","content":"Adjusted EPS increased 18% to a record $8.17","length":44,"tagName":"p"}]},{"val":[{"type":"text","content":"Year-to-date cash flow from operations was a record $2.6 billion, or 16.7% of sales","length":83,"tagName":"p"}]},{"val":[{"type":"text","content":"Repurchased $275 million of shares in the quarter","length":49,"tagName":"p"}]},{"val":[{"type":"text","content":"Company increases outlook for...

View stock analysis, news, and events for Parker-hannifin Corporation