Parker-Hannifin Reports Strong Q1 2027 Results and Raises Full-Year Guidance
Parker-Hannifin (PH) delivered a robust first quarter for fiscal year 2027, reporting revenue of $6 billion, an 18% increase year-over-year. The company achieved record organic sales growth of 11.5%, marking its first double-digit organic growth in over three years. This performance was driven by strong demand across aerospace and industrial segments, alongside significant contributions from the recent acquisition of Filtration Group. Following these results, management raised its full-year organic growth guidance to a range of 7.5% to 10.5%. While the company faces increased interest expenses due to debt issued for the Filtration Group acquisition and ongoing inflationary pressures in material and logistics costs, record backlogs of $13.7 billion and expanded operating margins suggest strong operational momentum heading into the remainder of the year.
Tickers: $PH
Topics: Aerospace Systems Backlog Record EPS Increase Industrial Sales Organic Sales Growth Revenue Growth