Categories Earnings, Technology
Earnings Summary: Parker Hannifin (PH) reports higher Q4 sales and profit
Parker Hannifin Corporation (NYSE: PH), a leader in motion and control technologies, on Thursday reported results for the fourth quarter of 2024.
- June-quarter sales increased 2% year-over-year to a record high of $5.2 billion; organic sales growth was 3%
- Net income advanced to $785 million in the fourth quarter from $709 million in the prior-year period
- On a per-share basis, earnings increased 10% annually to $6.01; adjusted earnings climbed 11% from last year to $6.77
- Q4 EBITDA margin was 25.8%, an increase of 90 bps; adjusted EBITDA margin rose 190 bps to 26.3%
- Segment operating margin moved up 10bps to 22.2% in Q4, and rose 130 bps to 25.3% on an adjusted basis
- For the full fiscal year, the company expects total sales growth of 1.5% – 4.5%, with organic sales growth of 2% to 5%
- Full-year earnings per share is expected to be $22.65 to $23.35, or $26.30 to $27.00 on an adjusted basis
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
CVX Earnings: Chevron reports lower revenue and profit for Q3 2024
Energy exploration company Chevron Corporation (NYSE: CVX) on Friday announced third-quarter 2024 financial results, reporting a decline in net profit and revenues. Net income attributable to Chevron Corporation dropped to
Key highlights from Exxon Mobil Corporation’s (XOM) Q3 2024 earnings results
Exxon Mobil Corporation (NYSE: XOM) reported its third quarter 2024 earnings results today. Total revenues and other income remained relatively flat at $90 billion compared to the same period a
AAPL Earnings: Apple Q4 2024 sales rise 6% YoY, beat estimates
Apple Inc. (NASDAQ: AAPL) reported an increase in revenues for the fourth quarter of 2024. The top line came in above estimates. The gadget giant generated revenues of $94.9 billion