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Parker-Hannifin Q1 sales beat estimates on strong demand, Filtration Group deal 

By Reuters News


Overview

  • U.S. motion and control tech firm's fiscal Q1 sales rose 18%, beating analyst expectations

  • Adjusted EPS for fiscal Q1 grew 23%, beating analyst expectations

  • Company raised full-year guidance for organic sales, margins, adjusted EPS and free cash flow


Outlook

  • Company raises FY27 guidance for organic sales growth, margin, EPS and free cash flow

  • Parker-Hannifin projects FY27 adjusted EPS of $36.45 to $37.25

  • Parker-Hannifin expects FY27 organic sales growth of 7.5% to 10.5%; reported sales growth of 16.0% to 19.0%


Result Drivers

  • BROAD-BASED DEMAND - Co said increased demand across all market verticals drove double-digit organic sales growth and record backlog

  • ACQUISITION IMPACT - Filtration Group acquisition expanded filtration and aftermarket business, contributing to sales growth

  • STRATEGY EXECUTION - Co said execution of its operating strategy and strong market conditions supported record margins and adjusted EPS


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q1 Sales

Beat

$5.99 bln

$5.73 bln (19 Analysts)

Q1 Adjusted EPS

Beat

$8.90

$8.19 (22 Analysts)

Q1 EPS

$6.92

Q1 Net Income

$0.9 bln


Analyst Coverage

  • The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"

  • The average consensus recommendation for the industrial machinery & equipment peer group is "buy"

  • Wall Street's median 12-month price target for Parker-Hannifin Corporation is $1,210.00, about 32.9% above its November 4 closing price of $910.19

  • The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 29 three months ago


Reuters Recommended Reads

  • Nov 3 - Eaton Q3 sales, EPS beat estimates on strong demand

  • Nov 3 - Regal Rexnord Q3 sales beat estimates on data center demand

  • Nov 3 - AMETEK Q3 sales beat estimates, raises outlook


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

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