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Parker-Hannifin Corporation (PH) delivers mission-critical motion and control technologies across aerospace, manufacturing, and infrastructure sectors. This dedicated news hub provides investors and industry professionals with authoritative updates on corporate developments, financial performance, and technological innovations.
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Key updates include executive leadership changes, R&D breakthroughs, and market expansion initiatives. All content is verified through primary sources to maintain accuracy and compliance with financial disclosure standards.
Bookmark this page for streamlined access to Parker-Hannifin's official communications and analysis of their evolving role in global industrial automation. Check regularly for updates impacting long-term growth strategies and sector-specific technological developments.
Parker Hannifin (NYSE: PH) reported strong fiscal 2025 first quarter results with sales increasing 1.2% to $4.9 billion and organic sales growth of 1.4%. The company achieved record performance with net income rising 7% to $698 million, or $810 million adjusted (+4%). EPS grew 7% to $5.34, or $6.20 adjusted (+4%). Segment operating margin expanded to 22.6%, up 130 bps, with adjusted margin at 25.7%. The Aerospace Systems segment showed exceptional results with 17.8% sales growth. Based on strong Q1 performance, Parker has raised its full-year guidance, now expecting total sales growth of 0.5% to 3.5% and adjusted EPS of $26.35 to $27.05.
Parker Hannifin (NYSE: PH) has declared a regular quarterly cash dividend of $1.63 per share of common stock. Shareholders of record as of November 8, 2024, will receive the payment on December 6, 2024. This marks the company's 298th 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), the global leader in motion and control technologies, has announced its fiscal 2025 first quarter earnings release schedule. The company will release its earnings before the market opens on Thursday, October 31, 2024, followed by a conference call at 11:00 a.m. Eastern time.
During the call, Parker will discuss the Q1 results and answer questions from institutional investors and analysts. The conference call will be webcast simultaneously on Parker's investor website at investors.parker.com, accompanied by a slide presentation. The webcast will be archived for later replay.
Parker Hannifin, a Fortune 250 company, has a notable record of increasing its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the S&P 500 index.
Parker Hannifin (NYSE: PH), the global leader in motion and control technologies, has announced that it will webcast its Annual Meeting of Shareholders on Wednesday, October 23, 2024, at 9:00 a.m. Eastern time. The webcast will be available on Parker's investor information website at investors.parker.com and will be archived for one year.
Parker Hannifin, a Fortune 250 company, has been at the forefront of engineering breakthroughs for over a century. The company has an impressive track record of increasing its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the S&P 500 index.
Parker Hannifin (NYSE: PH), a global leader in motion and control technologies, is set to present at the Jefferies Industrials Conference in New York City on September 5, 2024, at 11:00 a.m. Eastern time. Todd Leombruno, Executive Vice President and Chief Financial Officer, will represent the company. The presentation will be available via live webcast on Parker's investor website and archived for future access.
As a Fortune 250 company, Parker Hannifin has a century-long history of enabling engineering breakthroughs. Notably, the company has increased its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the S&P 500 index.
Parker Hannifin (NYSE: PH), a global leader in motion and control technologies, has declared a quarterly cash dividend of $1.63 per share of common stock. The dividend is payable on September 13, 2024, to shareholders of record as of August 28, 2024. This marks Parker's 297th consecutive quarterly dividend. Notably, the company has increased 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, a Fortune 250 company, continues its century-long tradition of enabling engineering breakthroughs for a better future.
Parker Hannifin (NYSE: PH) reported record results for fiscal 2024, with sales increasing 5% to $19.9 billion and organic sales growth of 2%. The company achieved record adjusted earnings per share of $25.44, up 18% from the previous year. Adjusted segment operating margin reached a record 24.9%, a 200 basis point increase. Cash flow from operations rose 14% to $3.4 billion.
For fiscal 2025, Parker expects total sales growth of 1.5% - 4.5%, with organic sales growth of 2% to 5%. The company forecasts adjusted EPS between $26.30 and $27.00. CEO Jenny Parmentier highlighted the company's strong performance and positive outlook, attributing success to their portfolio strength and business strategy.
Parker Hannifin (NYSE: PH), a global leader in motion and control technologies, has announced its upcoming fiscal 2024 fourth quarter and full year earnings release. The company will disclose its financial results on Thursday, August 8, 2024, before the market opens. This will be followed by a conference call at 11:00 a.m. Eastern time, where the company will discuss the results and address questions from institutional investors and analysts.
The conference call will be accompanied by a simultaneous webcast and slide presentation on Parker's investor information website. Parker Hannifin, a Fortune 250 company, has maintained a remarkable record of increasing its annual dividend per share for 68 consecutive fiscal years, placing it among the top five longest-running dividend-increase records in the S&P 500 index.
SK Capital Partners has signed an agreement to acquire Parker Hannifin 's North America Composites & Fuel Containment (CFC) Division. The CFC Division, with 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 six manufacturing locations across North America, the division employs about 1,700 people.
SK Capital, known for transforming non-core businesses into independent companies, sees this acquisition as an opportunity to implement its growth strategy. The transaction is expected to close in the fourth quarter of 2024. Larry Resnick, an aerospace and defense industry executive, will join the business' Board of Directors post-acquisition.
Parker Hannifin (NYSE: PH) has announced an agreement to sell its North America Composites and Fuel Containment (CFC) Division to SK Capital Partners. This divestiture is part of Parker's strategy to assess optimal ownership for its businesses. The CFC Division, with annual sales of approximately $350 million, became part of Parker's Diversified Industrial Segment following the Meggitt plc acquisition in 2022.
The transaction, subject to customary closing conditions, contributes to Parker's recent divestitures totaling nearly $450 million in annual sales over the past three years. CEO Jenny Parmentier expressed confidence in the CFC Division's potential under new ownership. The division, headquartered in Erlanger, Kentucky, operates six locations across the U.S. and Mexico, specializing in composites, fuel tanks, and bladders manufacturing.
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