Parker-Hannifin (PH) Tops Q3 EPS by 18c, Beats on Revenues; Boosts FY18 EPS Outlook

Parker-Hannifin (NYSE: PH) reported Q3 EPS of $2.80, $0.18 better than the analyst estimate of $2.62. Revenue for the quarter came in at $3.75 billion versus the consensus estimate of $3.66 billion.

• Record third quarter sales increased 20% to $3.75 billion
• Organic sales increased 8%, order rates increased 11%
• Segment operating margins were 15.8% as reported, or 16.3% adjusted
• EBITDA margins increased 280 basis points to 17.1% as reported, or 17.6% adjusted
• EPS were a record at $2.70 as reported, or $2.80 adjusted
• Fiscal 2018 full year earnings guidance increased

Outlook

For the fiscal year ending June 30, 2018, the company has increased guidance for earnings from continuing operations to the range of $7.76 to $7.96 per share, or $9.95 to $10.15 per share on an adjusted basis.

GUIDANCE:

Parker-Hannifin sees FY2018 EPS of $9.95-$10.15, versus the consensus of $9.96.

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

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