Parker-Hannifin Q1 sales beat estimates on strong demand, Filtration Group deal
PH•Parker-Hannifin fiscal Q1 sales rose 18% to $5.99 billion and adjusted EPS increased 23% to $8.90, beating analyst estimates. The company raised its FY27 outlook, projecting adjusted EPS of $36.45 to $37.25 and organic sales growth of 7.5% to 10.5%.
1. Quarterly results
Parker-Hannifin reported fiscal Q1 sales of $5.99 billion, compared with analyst estimates of $5.73 billion. Adjusted EPS was $8.90, above the $8.19 estimate; net income was $0.9 billion and EPS was $6.92.
2. Raised outlook
The company raised its FY27 guidance, projecting adjusted EPS of $36.45 to $37.25, organic sales growth of 7.5% to 10.5%, and reported sales growth of 16.0% to 19.0%. It also raised guidance for margins and free cash flow.
3. Demand and acquisition
Parker-Hannifin said increased demand across all market verticals drove double-digit organic sales growth and a record backlog. The Filtration Group acquisition expanded its filtration and aftermarket business and contributed to sales growth.
