Skip to content
AnalystLens

Parker-Hannifin Corp 8-K Report, Financial Results (Apr 30, 2026)

Reports
Earnings & Results·Exhibits & Filings
Filing Date
Filed April 30, 2026
Period End
April 30, 2026
Security
PH
In the record · 2016–202610-K1110-Q328-K110

PH filed 11 annual reports (10-K), 32 quarterly reports (10-Q) and 110 current reports (8-K) between 2016 and 2026.

  1. Leadership change8-K · Jun ’17Jun ’17
  2. Deal closed8-K · Oct ’19Oct ’19
  3. Deal closed8-K · Sep ’22Sep ’22
  4. Leadership change8-K · Jul ’24Jul ’24

01—Abstract

Summary

Summary of the 8-K filed April 30, 2026. Cited figures are marked; the original filing is the authoritative source.

Parker-Hannifin reported fiscal Q3 2026 (quarter ended March 31, 2026) with record net sales of $5.49 billiona, up 11% reported and 6.5% organic.

Orders rose 9% across all reported businesses, and backlog reached a record $12.5 billionb. Aerospace Systems was the standout, with sales up 15.5% (14.2% organic) and adjusted segment operating margin of 29.5%. Diversified Industrial sales rose 8.4%, with International up 12.7% and North America up 5.4%, though North America organic growth was a more modest 2.8%.

GAAP results were weaker than the headline numbers. Diluted EPS was $7.06c, down 4% from $7.37, because the prior-year quarter included a one-time $180 million discrete tax benefit ($1.37 per share). Net income fell 6% to $904 million.

On an adjusted basis, which excludes amortization of acquired intangibles and other items, EPS rose 18% to a record $8.17d and adjusted net income rose 16% to $1.05 billion. Investors should weigh the gap between GAAP and adjusted figures, which is driven largely by recurring intangible amortization of about $1.16 per share in the quarter. Management raised FY2026 guidance, now calling for reported sales growth of about 7%, adjusted EPS of about $31.20 (mid-teens growth), and reported EPS of about $27.10.

Year-to-date operating cash flow was a record $2.6 billion, and the company repurchased $275 million of shares in the quarter. The board also approved an 11% increase in the quarterly dividend, extending a 70-year record of annual dividend increases. Net debt rose during the period because of about $1.0 billion in acquisitions, including the pending Filtration Group deal and the Curtis Instruments integration.

02—Key points

Key Highlights

  1. Record quarterly net sales of $5.49 billion, up 11% reported and 6.5% organic, with all reported businesses posting positive order growth.
  2. Orders up 9% company-wide, and record backlog of $12.5 billion, supporting visibility into future sales.
  3. Aerospace Systems sales up 15.5% (14.2% organic) with a record 29.5% adjusted segment operating margin, up 80 bps.
  4. Adjusted diluted EPS up 18% to a record $8.17. GAAP diluted EPS fell 4% to $7.06 because the prior-year quarter included a $1.37 one-time tax benefit.
  5. FY2026 guidance raised: reported sales growth of about 7%, adjusted EPS of about $31.20, and reported EPS of about $27.10.
  6. Record year-to-date operating cash flow of $2.6 billion (16.7% of sales), with $275 million of share repurchases in the quarter.
  7. Quarterly dividend raised 11%, extending a 70-consecutive-year record of annual dividend increases.

03—Questions

Frequently Asked Questions

  1. Why did GAAP EPS decline even though sales and adjusted EPS grew?

    The prior-year third quarter included a one-time discrete tax benefit of $180 million, or $1.37 per diluted share. Without that benefit, GAAP diluted EPS would have risen modestly. Adjusted EPS, which excludes the tax benefit and other items such as intangible amortization, rose 18% to $8.17.

  2. How strong is the underlying growth outside of acquisitions and currency?

    Organic sales growth was 6.5% for the company. Aerospace Systems grew 14.2% organically, driven by 22% commercial OEM and 14% aftermarket growth. Diversified Industrial organic growth was 3.0%, with North America at 2.8% and International at 3.3%, led by Asia at 9.6%.

  3. Does the raised guidance imply a strong second half?

    Guidance implies a stronger outlook but does not state a second-half figure directly. Given nine-month adjusted EPS of $23.05 and full-year guidance of about $31.20, the implied fourth-quarter adjusted EPS is roughly $8.15, which is in line with the record third quarter.

  4. What is the balance sheet impact of recent deals and capital returns?

    Short-term debt rose to $2.81 billion from $1.79 billion, while long-term debt fell to $6.77 billion from $7.49 billion. Nine-month acquisitions totaled $1.01 billion, and share repurchases were $1.0 billion. Goodwill increased to $11.1 billion. Cash was $476 million at quarter end.

04—Continue

← View all 8-K filings