Parker-Hannifin reported record results for its fourth quarter and full fiscal year 2026, with quarterly sales and adjusted earnings per share exceeding analyst expectations. The company also issued an optimistic outlook for fiscal 2027 and raised its long-term adjusted segment operating margin target.
Key Highlights
- Fourth quarter sales increased 9.8% to a record $5.8 billion, reflecting an 8.0% rise in organic sales.
- Adjusted earnings per share grew 21% year-over-year to a record $9.27, surpassing the consensus estimate of $8.30.
- The Aerospace Systems segment posted record quarterly sales of $1.9 billion, an increase of 13.4%, and ended the year with a record backlog of $8.5 billion.
- For fiscal 2027, the company guided for adjusted EPS of $34.25 to $35.25 on organic sales growth of 5.5% to 8.5%.