Parker-Hannifin Stock Price, News & Analysis

Parker Hannifin (NYSE: PH), the global leader in motion and control technologies, has announced its upcoming presentation at Citi's 2025 Global Industrial Tech and Mobility Conference in Miami, Florida. The presentation is scheduled for February 20, 2025, at 11:20 a.m. Eastern time.

Investors and interested parties can access a live webcast of the presentation through Parker's investor information website at investors.parker.com, where it will also be archived for future reference. The company, a Fortune 250 member, has maintained one of the most impressive dividend records in the S&P 500 index, having increased its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the index.

Parker Hannifin (NYSE: PH), a global leader in motion and control technologies, has announced its upcoming presentation at the Barclays Industrial Select Conference in Miami Beach, Florida. The presentation is scheduled for February 19, 2025, at 11:00 a.m. Eastern time.

Investors and interested parties can access a live webcast of the presentation through Parker's investor information website at investors.parker.com, where it will also be archived for future reference. The company, a Fortune 250 member, has maintained one of the most impressive dividend records in the S&P 500 index, having increased its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the index.

Parker Hannifin (NYSE: PH) announced leadership changes in its EMEA operations. Joachim Guhe, President of EMEA Group, will retire after 32 years of service, stepping down on June 30, 2025, and remaining until August 31, 2025, to ensure transition. Thomas Ottawa, currently Vice President of Operations - Motion Systems Group Europe, will succeed as EMEA President effective July 1, 2025.

Guhe, who joined Parker in 1993, progressed from Product Cost Accountant to EMEA President, driving operational excellence, growth, and margin expansion. Ottawa, with nearly 30 years at Parker, joined in 1995 and has been instrumental in improving financial performance and driving profitable growth. In his new role, Ottawa will oversee nearly 14,000 team members across 22 countries.

Parker Hannifin (NYSE: PH) reported strong fiscal 2025 second quarter results with sales of $4.7 billion and organic sales growth of 1%. The company achieved record segment operating margin of 22.1% (25.6% adjusted) and net income of $949 million, a 39% increase. EPS rose 39% to $7.25 ($6.53 adjusted).

Year-to-date cash flow from operations increased 24% to $1.7 billion, representing 17.4% of sales. The company reduced debt by $1.1 billion during the quarter. The Aerospace Systems segment showed strong performance with 14% organic sales growth and record sales.

Parker updated its FY2025 guidance, projecting sales growth between -2% and 1%, with organic growth of approximately 2%. The company expects total segment operating margin of 22.7% (25.8% adjusted) and EPS of $24.46-$25.06 ($26.40-$27.00 adjusted).

Parker Hannifin (NYSE: PH) has declared a regular quarterly cash dividend of $1.63 per share of common stock. Shareholders of record as of February 7, 2025, will receive the payment on March 7, 2025. This marks the company's 299th consecutive quarterly dividend. Parker has maintained an impressive track record of increasing its annual dividends per share for 68 consecutive fiscal years, positioning it among the top five longest-running dividend-increase records in the S&P 500 Index.

Parker Hannifin (NYSE: PH) has announced it will release its fiscal 2025 second quarter earnings before market opens on Thursday, January 30, 2025. The company will host a conference call at 11:00 a.m. Eastern time to discuss the results and answer questions from institutional investors and analysts.

The conference call will include a simultaneous webcast with slide presentation on Parker's investor website, with replay available later that day. Notable company highlights include Parker's status as a Fortune 250 global leader in motion and control technologies, and its impressive track record of 68 consecutive fiscal years of dividend increases, positioning it among the top five longest-running dividend-increase records in the S&P 500 index.

Parker Hannifin (NYSE: PH) has announced its participation in the Robert W. Baird Global Industrial Conference in Chicago on November 13, 2024. Jenny Parmentier, Chairman and CEO, will present at 10:50 a.m. Central time (11:50 a.m. Eastern time). The presentation will be available via live webcast on Parker's investor website and archived for future access.

As a Fortune 250 global leader in motion and control technologies, Parker has maintained one of the top five longest-running dividend-increase records in the S&P 500, having increased its annual dividend for 68 consecutive fiscal years.

SK Capital has completed its acquisition of Parker Hannifin's North America Composites & Fuel Containment Division, now renamed as Axillon Aerospace. The company, generating annual sales of approximately $350 million, is a leading provider of engineered carbon fiber composite components and fuel containment solutions for defense and commercial aerospace markets. Operating from six manufacturing locations across the USA and Mexico with approximately 1,700 employees, Axillon Aerospace has appointed industry veteran Kevin Vicha as CEO. Vicha, previously CEO of Bromford Industries, brings extensive experience from roles at Pratt & Whitney, Engine Alliance, and GKN Aerospace.

Parker Hannifin (NYSE: PH) has completed the divestiture of its North America Composites and Fuel Containment (CFC) Division to SK Capital Partners. The CFC Division, which generates annual sales of approximately $350 million, operates six manufacturing locations across the U.S. and Mexico. The division specializes in engineered carbon fiber composites and fuel containment solutions and became part of Parker's North America businesses within the Diversified Industrial Segment following the Meggitt plc acquisition in 2022.