Parker-Hannifin Tops Estimates as Sales Hit Record $6.0 Billion; Adjusted EPS $8.90

Parker-Hannifin (NYSE: PH) reported fiscal first-quarter sales of $6.0 billion, above the $5.79 billion analysts expected, and adjusted earnings of $8.90 a share against the $8.17 average analyst estimate. The results were published in an 8-K filed Thursday, Nov. 5, for the quarter ended Sept. 30.

Sales rose 18% from a year earlier to a record $6.0 billion. Organic sales grew 11.5%, and acquisitions added 7%. GAAP net income was $884 million, up 9%, and diluted EPS was $6.92, up 10%. Adjusted net income rose 23% to $1.1 billion.

Segment results

In Diversified Industrial's North America businesses, sales were $2.45 billion, up 19.6%, with organic growth of 9.4%. The International businesses posted sales of $1.71 billion, up 22.0%, with organic growth of 11.6%. Asia Pacific led, with organic growth of 23%.

Aerospace Systems sales were $1.87 billion, up 13.8%, with organic growth of 13.9%. Its adjusted segment operating margin was 30.7%, up 70 basis points from a year earlier.

Orders and guidance

The company said backlog reached a record $13.7 billion. Its rolling 12-month order rate rose 13%.

Parker raised its fiscal 2027 guidance, which now includes the Filtration Group acquisition, which the company completed during the quarter. It expects reported sales growth of 16.0% to 19.0%, organic sales growth of 7.5% to 10.5%, and adjusted EPS of $36.45 to $37.25. The adjusted EPS range sits above the $35.59 average analyst estimate for the full year. The company also expects free cash flow of $3.5 billion to $4.0 billion.

Parker's dividend was $2.00 a share for the quarter, up from $1.80. The stock last closed at $910.19 on Wednesday, Nov. 4, 2026, giving the company a market value of about $114.7 billion before the filing.