Parker-Hannifin Q1 Earnings Beat, Aerospace Systems Sales Up Y/Y
Parker(PH) ZACKS·2024-11-01 00:26
Parker-Hannifin Corporation (PH) reported first-quarter fiscal 2025 (ended Sept. 30, 2024) adjusted earnings (excluding 86 cents from non-recurring items) of $6.20 per share, which beat the Zacks Consensus Estimate of $6.13. The bottom line jumped 4% year over year.Total sales of $4.9 billion missed the consensus estimate of $4.91 billion. The top line increased 1.2% year over year. Strength across businesses and transformed portfolio drove the top line. Organic sales grew 1.4% year over year. Orders grew 1 ...