Parker Hannifin: record quarterly sales of $6 billion and adjusted EPS up 23%
FROM THE WIRE · FINANCE.YAHOO.COM
This article first appeared on GuruFocus. Revenue: Q1 sales up 18% to a record $6 billion; organic growth 11.5%; acquisitions added 7% (mostly Filtration Group, plus partial Curtis quarter). Adjusted Segment Operating Margin: Expanded 120 bps to a record 28.6%. Adjusted EBITDA…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishRecord quarterly results and expanding margins at a large US industrial group.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01Sales rose 18% to a record $6 billion, with 11.5% organic growth.
- 02Adjusted segment operating margin expanded to a record 28.6%.
- 03Adjusted EPS rose 23% to a record $8.90.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets