Quarterly ResultApr 30, 2026, 08:09 AM
PH Q3 Sales $5.5B, Adj. EPS $8.17 (Record); Raises FY26 Outlook
AI Summary
Parker-Hannifin Corporation reported record fiscal 2026 third-quarter results, with sales increasing 11% to $5.5 billion and adjusted diluted EPS rising 18% to a record $8.17. The company also achieved record adjusted net income of $1.0 billion and record year-to-date cash flow from operations of $2.6 billion. Driven by strong order rates of 9% and a record backlog of $12.5 billion, Parker-Hannifin increased its full-year fiscal 2026 outlook for sales and adjusted EPS, now expecting mid-teens adjusted EPS growth. The company also raised its quarterly cash dividend by 11%.
Key Highlights
- Sales increased 11% to a record $5.5 billion; organic sales grew 6.5%.
- Adjusted diluted EPS rose 18% to a record $8.17.
- Adjusted net income increased 16% to $1.0 billion.
- Year-to-date cash flow from operations was a record $2.6 billion.
- Repurchased $275 million of shares and raised quarterly cash dividend by 11%.
- Total order rates were strong at 9%, with a record backlog of $12.5 billion.
- Aerospace Systems segment sales grew 15.5% to $1.814 billion, with 14.2% organic growth.
- Company increased fiscal 2026 adjusted EPS outlook to $31.20.