Parker-Hannifin reported second-quarter revenue of $5.76 billion, beating analyst estimates of $5.57 billion, with adjusted EPS of $9.27 versus $8.27 expected. CEO Jennifer Parmentier attributed the strength to organic revenue growth of 8%, aerospace momentum, and expansion in North American and international markets. On the earnings call, analysts focused on the pending Filtration Group and CIRCOR acquisitions, which Parmentier expects to close in the second half of the year, and on drivers of international order growth, including electronics and in-plant demand in Asia Pacific. The company also issued adjusted EPS guidance for fiscal 2027 of $34.75 at the midpoint, above analyst estimates, and highlighted a record operating margin of 23.9%.
Parker-Hannifin CorporationQ2 earnings beat estimates and raised FY2027 EPS guidance above consensus.
