Parker Hannifin Corporation (NYSE:PH) reported fiscal third-quarter 2026 results, beating estimates and raising its full-year outlook.
Earnings Beat And Revenue Growth
The company reported adjusted EPS of $8.17, topping the $7.83 estimate, on sales of $5.486 billion, ahead of the $5.400 billion estimate and up 11% year over year with 6.5% organic growth.
GAAP EPS was $7.06, down 4% due to a prior-year one-time tax benefit, while adjusted net income increased 16% to $1.0 billion.
Margins, Cash Flow And Demand Trends
Segment operating margin was 23.4%, up 20 basis points, or 26.7% on an adjusted basis, up 40 basis points. Year-to-date operating cash flow reached a record $2.6 billion, or 16.7% of sales.
The company repurchased $275 million of shares. Orders increased 9%, with Aerospace up 14%, North America Industrial up 7%, and International Industrial …