Parker Reports Fiscal 2026 Third Quarter Results

CLEVELAND, April 30, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended March 31, 2026, that included the following highlights (compared with the prior year period): Fiscal 2026 Third Quarter Highlights: Sales increased 11% to a record $5.5 billion; organic sales increased 6.5% Segment operating margin was 23.4%, an increase of 20 bps, or 26.7% adjusted, an increase of 40 bps Net income was $0.9 billion, a decrease of 6% compared with the third quarter of fiscal 2025 which included a one-time discrete tax benefit of $180 million Adjusted net income increased 16% to $1.0 billion EPS were $7.06, a decrease of 4% compared with the third quarter of fiscal 2025 which included a one-time discrete tax benefit of $1.37 Adjusted EPS increased 18% to a record $8.17 Year-to-date cash flow from operations was a record $2.6 billion, or 16.7% of sales Repurchased $275 million of shares in the quarter Company increases outlook for sales and EPS “Our global team delivered another quarter of record performance,” said Jenny Parmentier, Chairman and Chief Executive Officer. “In the third quarter, we reported record sales, adjusted segment operating income and margin, adjusted earnings per share and year-to-date operating cash flow.