Parker-Hannifin earnings: first quarter of fiscal 2027

Parker-Hannifin, which makes motion and control parts for factories and aircraft, had record sales in the first quarter of its 2027 financial year, up 17.9% to $5,992 million. About two-thirds of that growth came from its existing business selling more, and the rest from companies it bought, mainly Filtration Group. It paid for that deal largely with new borrowing. The company raised its forecasts for the year. ¹

Against what analysts expected

Parker-Hannifin's own adjusted profit per share was $8.90, and its reported figure was $6.92. The analysts' average forecast was $8.23, according to Nasdaq's earnings calendar. That forecast counts adjusted profit, so the adjusted figure is the one to compare, and it came in about 8% above it. ¹²

The strong points

• Leaving out acquisitions and currency, sales from the business it already owned grew 11.5% from a year ago. ¹
• Profit per share on the company's own adjusted measure rose 23% to $8.90, against 10% growth to $6.92 on the reported figure. ¹
• On the company's adjusted measure, operating profit was 28.6% of sales, up 1.2 points from a year ago. ¹

The weak points

• Long-term debt nearly doubled to $12,734 million, and $4,744 million of borrowing falls due within a year. ¹
• Interest costs rose 45% to $146 million, and the new debt was in place for only part of the quarter. ¹
• Before its adjustments, the company now expects lower profit per share for the year than before, $29.65 to $30.45, down from $30.00 to $31.00. ¹

What the company expects

• Parker-Hannifin raised its forecast for adjusted profit per share this year to $36.45 to $37.25, from $34.25 to $35.25. ¹
• It raised its forecast for sales growth from its existing business to 7.5% to 10.5%, from 5.5% to 8.5%, citing rising order rates and a record $13.7 billion of orders waiting to be filled. ¹

Our verdict on the quarter

A very strong report. Parker-Hannifin raised its profit and sales forecasts for the year, earned about 8% more per share than analysts expected, and grew both sales and underlying profit. The extra debt from its big acquisition is the cost that comes with it.

The results as published

• The results release itself
• The filing it came with (SEC)
• The previous results, for what it forecast then

Notes

1. Parker-Hannifin's results release, 5 November 2026: sec.gov. ↩
2. Nasdaq's earnings calendar, 5 November 2026. ↩