Parker-Hannifin reported better-than-expected fiscal second-quarter results, with revenue rising 9.8% year on year to $5.76 billion and adjusted earnings per share of $9.27, beating analyst estimates by 12.2%. The company also issued upbeat guidance, projecting adjusted EPS of $34.75 for fiscal 2027, which is 1.9% above consensus. Operating margin expanded to 23.9% from 21.3% a year ago, driven by strong organic revenue growth of 8% and broad-based demand across aerospace, industrial, and international markets. CEO Jennifer Parmentier highlighted momentum in aerospace, which delivered its fourth consecutive year of double-digit organic growth, and strength in electronics and in-plant activity that lifted international organic growth to 6.5%, including a 16% jump in Asia Pacific. CFO Todd Leombruno said the company is guiding to margin expansion across all businesses and expects recent acquisitions and operational initiatives to further support growth.
Parker-Hannifin CorporationBeats Q2 estimates and raises FY2027 EPS guidance, with margin expansion.
