Atmus Filtration Technologies Inc.Atmus reported revenues of $527.9M, up 16.4% YoY and 3.8% above estimates, an earnings beat.
Parker-Hannifin reported Q2 revenues of $5.76 billion, up 9.8% year on year and 3.3% above analysts' expectations, in what was described as an exceptional quarter for the motion and control systems maker. The company also posted an impressive beat of analysts' organic revenue estimates and full-year EPS guidance that exceeded expectations, though the stock is down 6.6% since reporting and trades at $931.29. Across the 12 gas and liquid handling stocks tracked, group revenues beat consensus estimates by 2% while next quarter's revenue guidance came in 0.8% below, and share prices have fallen 6.5% on average since the latest results. SPX Technologies was the group's best performer with revenues of $679 million, up 22.9% year on year and 5.8% above expectations, and achieved the highest full-year guidance raise in the group, while Graco was the slowest with revenues of $590.6 million, up 3.3% but 3% short of expectations. ITT posted the biggest analyst estimate beat and fastest revenue growth of the group at $1.47 billion, up 51.5% year on year and 5.9% above expectations, and Atmus Filtration Technologies reported revenues of $527.9 million, up 16.4% and 3.8% ahead of estimates.
Atmus Filtration Technologies Inc.Atmus reported revenues of $527.9M, up 16.4% YoY and 3.8% above estimates, an earnings beat.
Graco IncGraco was the group's slowest performer with revenues up 3.3% but 3% short of expectations.
Parker-Hannifin CorporationParker-Hannifin topped Q2 estimates with $5.76B revenue, up 9.8% YoY, and raised full-year EPS guidance above expectations.
ITT IncITT posted the biggest analyst estimate beat and fastest revenue growth at $1.47B, up 51.5% YoY and 5.9% above expectations.
SPX CorpSPX Technologies was the group's best performer with revenues of $679M, up 22.9% YoY and 5.8% above expectations, and the highest guidance raise.