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 (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.
Access real-time press releases covering earnings announcements, strategic acquisitions, product launches, and operational milestones. Our curated collection ensures you stay informed about PH's advancements in hydraulic systems, electromechanical components, and sustainable industrial solutions.
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) has announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.
Ms. Savage currently serves as President and CEO of Trinity Industries and has held various leadership roles at Caterpillar Inc. and Parker Hannifin. Her extensive background includes expertise in industrial, engineering, and transportation sectors, as well as experience in global advanced manufacturing operations.
Parker Hannifin highlights her significant executive leadership and strategic knowledge as key assets for the company's future goals and governance oversight.
Parker Hannifin (NYSE: PH) has partnered with Kaon Interactive to enhance its digital transformation and accelerate organic growth in key markets by 4-6% annually.
Utilizing Kaon’s High Velocity Marketing Platform, Parker is focusing on interactive customer engagement applications, starting with the Renewables (Wind) and Oil & Gas markets.
These digital applications will be showcased at the Hydrogen Technology Expo in Houston, highlighting products like Balance of Plant and Balance of Stack solutions for PEM & Alkaline Electrolyzers in Hydrogen Production, and systems for Hydrogen Refueling Stations.
This initiative aims to enhance customer understanding and engagement, emphasizing sustainability and cleaner energy solutions.
Jason McGuire, Director of Business Development Energy, Oil, and Gas at Parker, and Gavin Finn, CEO of Kaon Interactive, emphasize the strategic importance and innovative potential of this partnership.
Parker Hannifin (NYSE: PH) hosted its 2024 investor meeting, highlighting its transformation and growth strategy, The Win StrategyTM. The company aims for significant growth and margin expansion through operational excellence and alignment with secular trends such as aerospace, digitalization, and clean technologies. New 5-year targets for fiscal 2029 include 4-6% organic sales growth CAGR, 27% adjusted segment operating margin, 28% adjusted EBITDA margin, 17% free cash flow margin, and over 10% adjusted EPS CAGR. Parker emphasizes a high-performance culture and strong cash flow generation for shareholder returns.
Parker Hannifin reported record sales of $5.07 billion in the fiscal 2024 third quarter, with a 1% increase in organic sales. The segment operating margin reached 21.5%, or a record 24.7% adjusted, marking a 150 basis points increase. Earnings per share were $5.56, or a record $6.51 adjusted, showing a 10% increase. The company raised its outlook for segment operating margin and EPS. Cash flow from operations for fiscal 2024 year-to-date hit a record $2.1 billion, reflecting a 20% increase. Aerospace Systems Segment had an outstanding performance with an 18% increase in sales. Orders remained flat for total Parker, decreased in the Diversified Industrial sectors, and increased by 15% in the Aerospace Systems Segment. The fiscal year 2024 sales growth is expected to be around 4%, with an outlook for segment operating margin and EPS provided in the ranges of 21.2% to 24.6% and $20.80 to $24.85, respectively.
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