Sales were a record at $5.07 billion; organic sales increased 1%Segment operating margin was 21.5%, or a record 24.7% adjusted, an increase of 150 basis.
Parker-Hannifin reported third-quarter fiscal 2024 sales growth of 0.3%, beating estimates. Orders were flat, but Aerospace Systems saw 15% increase. Adjusted EPS and margins improved. Outlook raised with EPS of $24.65-$24.85 and sales growth of 4%.
Sales increased 3% to $4.8 billion; organic sales increased 3%Segment operating margin was 21.1%, or a record 24.5% adjusted, an increase of 300 basis pointsEPS were $5.23, or a record $6.15 adjusted,.
Parker-Hannifin: Good Growth Prospects And Potential For Further Re-Rating (NYSE:PH) seekingalpha.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from seekingalpha.com Daily Mail and Mail on Sunday newspapers.
Sales increased 15% to $4.8 billion; organic sales increased 2%Segment operating margin was 21.3%, or a record 24.9% adjusted, an increase of 220 basis pointsEPS were $4.99, or a first quarter record.