Parker Delivers Record Fiscal 2027 First Quarter Results, Raises Full Year OutlookCLEVELAND, Nov. 05, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2026 that included the following highlights (compared with the prior year period): Fiscal 2027 First Quarter Highlights: Sales increased 18% to a record $6.0 billion; organic sales increased 11.5%; acquisitions added 7% Net income was $0.9 billion, an increase of 9%, or $1.1 billion adjusted, an increase of 23% EPS increased 10% to $6.92, adjusted EPS increased 23% to a record $8.90 Segment operating margin was 24.4%, an increase of 20 bps, or 28.6% adjusted, an increase of 120 bps FY27 outlook increased for organic sales growth, adjusted segment operating margin, adjusted EPS and free cash flow “Parker team members delivered an exceptional quarter of record performance and an impressive start to our fiscal year,” said Jenny Parmentier, Chairman and Chief Executive Officer. “We experienced increased demand across all market verticals, resulting in double-digit organic sales growth and record backlog levels.
GlobeNewsWire11/5/2026Neutral