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Parker Hannifin (PH)
NYSE:PH
Earnings Data
Report Date
Apr 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q3)Consensus EPS Forecast
7.82Last Year’s EPS
6.94Same Quarter Last Year
Strong Buy
Based on 14 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call conveyed strong operational performance and financial momentum: record sales, margins, EPS, orders and backlog; raised guidance across sales, margins, EPS and free cash flow; and a strategic acquisition with meaningful synergies. Challenges were noted in transportation, ag, upstream energy and some regional/ timing effects (e.g., project shipments and first-half cash timing), but management framed these as manageable and not interrupting the company’s positive trajectory.Company Guidance
Record Quarterly Sales and Organic Growth
Q2 record sales of $5.2 billion, up 9% versus prior year; organic growth ~6.6% (Todd described as nearly 7%); favorable currency impact ~2%, acquisitions +1.5%, divestitures -1% headwind.
Margin Expansion and Strong Profitability
Adjusted segment operating margin reached a record 27.1%, up 150 basis points year-over-year; adjusted EBITDA margin 27.7%, up 90 basis points; net income $980 million and return on sales 18.9%.
EPS and Cash Flow Strength
Adjusted EPS of $7.65 for the quarter, up 17% year-over-year; cash flow from operations $1.6 billion (16% of sales) and free cash flow $1.5 billion (14.2% of sales) in the first half; raised full-year FCF guidance to $3.2–$3.6 billion (midpoint $3.5B) with conversion >100%.
Orders and Backlog Momentum
Company orders +9% in Q2 with order rates positive across all reported businesses; total backlog increased to a record $11.7 billion, providing improved visibility.
Aerospace Outperformance
Aerospace sales a record $1.7 billion, up 14.5%; aerospace organic growth ~13.5% (strong OEM and aftermarket), adjusted segment operating margin 30.2% (up 200 bps); aerospace orders +14% and backlog reached a record ~$8 billion.
Geographic Strength — International & APAC
International sales a record $1.5 billion, up 12%; international organic growth 4.6% with Asia Pacific organic growth +9% and Europe turning positive at +2%; international margins 26.0%, up 190 bps.
Operational Execution and Incrementals
Quarter delivered ~150 bps margin expansion driven by productivity and operational execution; Q2 incrementals were strong (company highlighted 52% incrementals in North America) and full-year incremental forecast set at 40% with guidance implying full-year incrementals ~40% and second-half guide at 35%.
Raised Full-Year Guidance
Raised fiscal 2026 guidance: reported sales to 5.5%–7.5% (6.5% midpoint), organic growth to 4%–6% (5% midpoint), adjusted segment operating margin to 27.2% (up 20 bps), and adjusted EPS to $30.70 at the midpoint (up ~12.3% vs prior).
Filtration Group Acquisition and Synergy Outlook
Announced agreement to acquire Filtration Group; expected close in 6–12 months; transaction projected to increase Parker Filtration aftermarket sales by ~500 basis points and deliver approximately $220 million in cost synergies by end of year 3; expected to be accretive to organic growth, EBITDA margin, adjusted EPS and cash flow.
Safety Improvement
Top-quartile safety performance with an 8% reduction in recordable incident rate, supporting the company's stated goal to be the safest industrial company.
PH Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
PH Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Jan 29, 2026 | $916.27 | $948.40 | +3.51% |
Nov 06, 2025 | $772.48 | $832.35 | +7.75% |
Aug 07, 2025 | $693.98 | $722.08 | +4.05% |
May 01, 2025 | $600.63 | $605.66 | +0.84% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Parker Hannifin (PH) report earnings?
Parker Hannifin (PH) is schdueled to report earning on Apr 30, 2026, Before Open (Confirmed).
What is Parker Hannifin (PH) earnings time?
Parker Hannifin (PH) earnings time is at Apr 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is PH EPS forecast?
PH EPS forecast for the fiscal quarter 2026 (Q3) is 7.82.