Parker-Hannifin (PH) Tops Q3 EPS by 7c; Lifts Outlook

Parker-Hannifin (NYSE: PH) reported Q3 EPS of $1.51, $0.07 better than the analyst estimate of $1.44. Revenue for the quarter came in at $2.86 billion versus the consensus estimate of $2.83 billion.

GUIDANCE:

Parker-Hannifin sees FY2016 EPS of $6.20-$6.40, versus the consensus of $6.10.

"Implementation of the new Win Strategy™ has helped us achieve strong adjusted segment operating margins and impressive decremental marginal return on sales, especially given difficult macroeconomic conditions,” said Tom Williams, Chairman and Chief Executive Officer. “We are on track to achieve our previously stated sales target while improving operating margins for the full fiscal year."

For earnings history and earnings-related data on Parker-Hannifin (PH) click here.

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