Parker Hannifin Corporation (NYSE:PH) reported fiscal 2026 second-quarter results on Thursday, delivering earnings and revenue that topped Wall Street expectations. Shares were trading higher following the release.
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%.
GAAP diluted EPS was $6.60, down 9% from the prior-year quarter, which included a one-time after-tax gain from divestitures of $1.70.
Net income declined 11% to $845 million, as the year-ago period included a one-time after-tax gain from divestitures of $223 million. Adjusted net income rose 15% to $980 million.
Segment operating margin expanded 180 basis points to 23.9% on an unadjusted basis, or 27.1% on an adjusted basis, an increase of 150 basis points.
Segment Performance
Diversified Industrial segment sales rose to $3.468 billion from $3.253 billion. Segment operating income increased to $792 million from $710 million. Adjusted segment operating income was $889 million.
Order rates increased 7% in North America and 6% in international markets.
Aerospace …