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 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.
Parker Hannifin Corporation (NYSE: PH) reported a record net income of $447.3 million for Q2 fiscal 2021, with EPS at $3.41, boosted by a land sale gain of $76.4 million. Sales totaled $3.41 billion, down from $3.50 billion year-over-year. The operating margin reached 17.4%, while the EBITDA margin was 23.1%. A significant debt reduction of $2.8 billion occurred over 14 months. The company raised its fiscal 2021 EPS guidance midpoint to $12.15, indicating positive growth despite challenges in key markets.
Parker Hannifin Corporation (NYSE: PH) has declared a quarterly cash dividend of 88 cents per share for shareholders of record as of February 10, 2021, payable on March 5, 2021. This marks the company's 283rd consecutive quarterly dividend. Parker has a notable history of increasing annual dividends for 64 consecutive years, ranking among the top five companies for dividend growth in the S&P 500 Index.
Parker Hannifin Corporation (NYSE: PH) announced the election of Jillian C. Evanko and Lance M. Fritz to its Board of Directors, effective January 27, 2021. Evanko, serving as President and CEO of Chart Industries, brings over 18 years of experience in the industrial sector. Fritz, current Chairman and CEO of Union Pacific Corporation, has 35 years of expertise in transportation and industrial markets. Chairman Tom Williams highlighted their operational and financial strengths, expecting them to enhance board performance and accelerate growth under The Win Strategy™.
Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, will release its fiscal 2021 second quarter earnings on February 4, 2021, before market opening. A conference call will follow at 11:00 a.m. Eastern time, where results will be discussed alongside a Q&A session for analysts and investors. The event will be webcast on Parker's investor website and archived for a year. Notably, Parker has a strong dividend history, having increased its annual dividend per share for 64 consecutive years.
Parker Hannifin Corporation (NYSE: PH) will present at the Robert W. Baird Industrial Conference on November 11, 2020, at 9:40 a.m. Eastern time. The presentation will feature Tom Williams, Chairman and CEO, and can be accessed via a live webcast on Parker's investor website at www.phstock.com, where it will also be archived. Parker is recognized as a Fortune 250 leader in motion and control technologies, with a record of increasing annual dividends for 64 consecutive years, ranking among the top five in the S&P 500.
Parker Hannifin Corporation (NYSE: PH) reported Q1 results for fiscal 2021, showing EPS of $2.47 ($3.07 adjusted) and total sales of $3.23 billion, down from $3.33 billion year-over-year. Despite a 13% decline in organic sales, the company achieved a record cash flow from operations of $737.4 million, representing 22.8% of sales. The total segment operating margin improved to 19.9%, and EBITDA margin rose to 20.1%. Parker also reduced acquisition-related debt by $2 billion over 11 months, increasing guidance for full-year EPS to $9.93 to $10.53.
Parker Hannifin Corporation (NYSE:PH) announced the retirement of Catherine A. Suever, CFO, after 33 years of service. Effective January 1, 2021, Todd M. Leombruno, currently VP and Controller, will succeed her. Suever has guided the company through economic fluctuations, implementing the Win Strategy™ and overseeing major acquisitions.
Angela R. Ives will replace Leombruno as Vice President and Controller. Parker Hannifin is noted for its strong dividend history, having increased annual dividends for 64 consecutive years, placing it among the top five longest-running dividend-increase records in the S&P 500.
Parker Hannifin Corporation (NYSE:PH) announced the retirement of M. Craig Maxwell, Chief Technology and Innovation Officer, after 24 years. Mark T. Czaja will succeed him effective January 1, 2021. Maxwell has driven major innovations and product development, including establishing the Parker Technology Center and Motion Technology Center. Parker boasts a strong dividend history, increasing its annual dividend per share for 64 consecutive years, placing it among the top five in the S&P 500. The company remains committed to advancing engineering breakthroughs.
Parker Hannifin Corporation (NYSE: PH) announced a quarterly cash dividend of 88 cents per share, payable on December 4, 2020, to shareholders of record as of November 6, 2020. This marks the company's 282nd consecutive quarterly dividend and underscores its commitment to shareholder returns, having increased annual dividends for 64 consecutive years. Parker Hannifin stands as a global leader in motion and control technologies, fostering engineering innovations for over a century.
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