Parker-Hannifin Corporation (NYSE:PH) reported better-than-expected second-quarter financial results and raised its FY26 guidance on Thursday.
The motion and control technologies company posted adjusted EPS of $7.65, beating the $7.17 analyst estimate. Net sales totaled $5.174 billion, exceeding the $5.066 billion estimate. Sales increased 9% year over year with organic sales growth of 6.6%.
CEO Jenny Parmentier said, “This was another outstanding quarter that reflected the performance of our global team, the power of our business system The Win Strategy, and the strength of our transformed portfolio.”
For fiscal 2026, Parker raised GAAP EPS guidance to $26.26 to $26.86 from $25.53 to $26.33, versus a $26.46 estimate. Adjusted EPS guidance was raised to $30.40 to …