Welcome to our dedicated page for Parker-Hannifin news (Ticker: PH), a resource for investors and traders seeking the latest updates and insights on Parker-Hannifin stock.
Parker-Hannifin Corporation (NYSE: PH) is a Fortune 250 global company in motion and control technologies, with operations across diversified industrial and aerospace markets. News about Parker-Hannifin often centers on its financial performance, portfolio transformation, capital deployment, and governance decisions, giving investors and analysts insight into how the company manages its manufacturing and aerospace businesses over time.
Earnings-related updates are a recurring theme in Parker-Hannifin news. The company reports results for its diversified industrial and aerospace systems segments, highlighting organic sales growth, segment operating margins, adjusted earnings per share, cash flow from operations, order rates and backlog. These releases also discuss the impact of its business system, The Win Strategy™, on record margins and cash generation, and provide guidance ranges for upcoming fiscal years.
Another key category of news involves acquisitions and portfolio moves. Parker-Hannifin has completed the acquisition of Curtis Instruments, Inc., expanding its electrification capabilities for electric and hybrid vehicle motors and controls and mobile machinery markets. It has also announced an agreement to acquire Filtration Group Corporation, a provider of complementary and proprietary filtration technologies for critical applications, subject to regulatory approvals and other closing conditions. Such announcements describe strategic rationale, expected synergies, and financing arrangements, including new term loan facilities disclosed in SEC filings.
Dividend declarations and share repurchase updates are also frequent topics. Parker-Hannifin regularly announces quarterly cash dividends and notes its long record of consecutive dividend increases, along with updates to share repurchase authorizations. Governance and shareholder-related news includes webcasts of the annual meeting of shareholders, board elections, and the appointment of new directors, as well as participation in investor conferences.
In addition, Parker-Hannifin news may cover collaborations and agreements that support its motion and control and aerospace activities, such as development agreements involving fluidic systems. For ongoing coverage of PH, this news page aggregates company press releases, regulatory news, and other market-moving announcements in one place.
Parker Hannifin (NYSE: PH), the global leader in motion and control technologies, announced its participation in the Goldman Sachs Industrials and Materials Conference on May 11, 2021, at 1:00 p.m. Eastern time. Tom Williams, the Chairman and CEO, will present at this virtual event.
The presentation will be live-streamed on Parker's investor website and later archived. With a history of over 65 consecutive years of increasing dividends, Parker is recognized as one of the top dividend payers in the S&P 500.
Parker Hannifin Corporation (NYSE:PH) announced its membership in the Hydrogen Council, a global CEO-led initiative aimed at promoting hydrogen as part of the clean energy transition. Established in 2017, the council has grown to over 100 members from various sectors. Parker will collaborate with other companies to advance investment in hydrogen and fuel cell technologies, aligning with its strategy of investing in sustainable energy solutions. CEO Tom Williams highlighted hydrogen's critical role in future energy sources and emphasized Parker's commitment to environmentally impactful technologies.
Parker Hannifin Corporation (NYSE: PH) reported exceptional fiscal 2021 third-quarter results, achieving record net income of $471.6 million, up 28% year-over-year. Earnings per share reached $3.59, a 27% increase from the prior year, with adjusted EPS at $4.11. Sales rose to $3.75 billion, compared to $3.70 billion in Q3 2020. Additionally, the company's EBITDA margin was 21.6%, and year-to-date cash flow from operations was a record $1.88 billion, representing 18.1% of sales. Parker raised its EPS guidance for the fiscal year to $12.96-$13.26, reflecting strong performance and positive macroeconomic conditions.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of $1.03 per share, up 17% from the previous $0.88 dividend. This increase reflects the Board's confidence in the company’s financial position and cash flow generation. The dividend is payable on June 4, 2021, to shareholders of record as of May 7, 2021. This marks the 284th consecutive quarterly dividend and reinforces the company’s commitment to returning value to shareholders.
Parker Hannifin Corporation (NYSE: PH) announced the election of William F. Lacey to its Board of Directors, effective April 22, 2021. Lacey, currently President and CEO of GE Lighting, has extensive experience in financial and operational leadership within General Electric, where he has worked since 1992. Chairman Tom Williams highlighted Lacey's impressive knowledge and operational proficiency as vital to Parker's growth and financial performance. Parker Hannifin boasts a robust dividend history, increasing dividends for 64 consecutive years, making it one of the top five in the S&P 500 index.
Parker Hannifin Corporation (NYSE: PH) is set to announce its fiscal 2021 third quarter earnings on April 29, 2021, prior to market open. Following this, a conference call will be held at 11:00 a.m. Eastern time to discuss the results and address investor inquiries. The event will also be webcast on Parker's investor website. Notably, Parker has maintained a strong track record in shareholder returns, with 64 consecutive years of annual dividend increases, placing it among the top five companies in the S&P 500 for this metric.
Parker Hannifin Corporation (NYSE: PH) will present at the Bank of America Global Industrials Conference on March 16, 2021, at 12:30 p.m. Eastern time. The presentation will be led by Lee Banks, President and COO, and can be accessed live on Parker's investor website. This event marks a continuation of Parker's commitment to shareholder engagement.
With over 100 years of experience, Parker has a robust history of innovation and has increased its annual dividend for 64 consecutive years, ranking among the top five for dividend increases in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) will present at the Evercore ISI Industrial Conference virtually on March 2, 2021, at 8:35 a.m. Eastern time. The presentation will be led by Tom Williams, Chairman and CEO, and can be accessed via a live webcast on Parker's investor site, which will also archive the event. The company is recognized as a Fortune 250 leader in motion and control technologies, boasting a remarkable history of increasing annual dividends for 64 consecutive years, placing it among the top five in the S&P 500.
Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, will present at the Barclays Industrial Select Conference on February 16, 2021, at 10:10 a.m. Eastern time. The presentation will be delivered by Tom Williams, the Chairman and CEO. A live webcast will be available on Parker's investor website, with an archived version accessible later. Parker Hannifin boasts a strong dividend history, increasing its annual dividend for 64 consecutive years, ranking among the top five in the S&P 500.
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