PARKER HANNIFIN CORP

10-K & 10-Q Filings

Parker-Hannifin Corporation is a leading worldwide diversified manufacturer of motion and control technologies and systems. The company was incorporated in Ohio in 1938 and its principal executive offices are located in Cleveland, Ohio. Parker's investor relations website is www.phstock.com. The company operates in two reporting segments: Diversified Industrial and Aerospace Systems. Diversified Industrial Segment products include motion-control and fluid systems and components, sold to both original equipment manufacturers (OEMs) and distributors. Aerospace Systems Segment products are used in commercial and military aerospace markets, sold primarily to OEMs and end users. Parker's products are used across various industries and applications, with major markets including engineered materials, filtration, fluid connectors, and motion systems. The company competes on the basis of product quality, innovation, customer experience, manufacturing and distribution capability, and price competitiveness. Parker's platform utilizing eight core technologies is a positive factor in its ability to compete effectively. The company owns various patents, trademarks, trade names, copyrights, trade secrets, and licenses related to its products. Backlog is not seasonal in nature and was $11.0 billion at June 30, 2023. Parker is subject to various environmental and government regulations, and energy matters and sources and availability of raw materials can also impact its business. The company completed the acquisition of Meggitt plc in 2023. Parker is committed to the safety and well-being of its team members and has a goal of achieving an incident-free workplace by 2030. The company empowers its team members, engages them through High Performance Teams, and provides talent development opportunities. Parker also focuses on diversity, equity, and inclusion and offers competitive compensation and benefits.

12 mos ending Jun 30, 201212 mos ending Jun 30, 201312 mos ending Jun 30, 201412 mos ending Jun 30, 201512 mos ending Jun 30, 201612 mos ending Jun 30, 201712 mos ending Jun 30, 201812 mos ending Jun 30, 201912 mos ending Jun 30, 202012 mos ending Jun 30, 202112 mos ending Jun 30, 202212 mos ending Jun 30, 20239 mos ending Mar 31, 20239 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$13145.94
13015.70
13215.97
12711.74
11360.75
12029.31
14302.39
14320.32
13695.52
14347.64
15861.61
19065.19
13969.25
14742.79
3.44%5.54%Cost of Revenue (-)
$9958.34
10086.67
10188.23
9655.25
8823.38
9188.96
10762.84
10703.48
10286.52
10449.68
11387.27
12635.89
9373.03
9478.96
2.19%1.13%Gross Profit (+)
$3187.61
2929.03
3027.74
3056.50
2537.37
2840.35
3539.55
3616.84
3409.00
3897.96
4474.34
6429.30
4596.22
5263.83
6.59%14.53%Selling, General & Administrative (-)
$1519.32
1554.97
1633.99
1544.75
1359.36
1453.93
1657.15
1543.94
1656.55
1527.30
1627.12
3354.10
2519.16
2496.83
7.46%-0.89%Operating Expenses (-)
$1516.82
1544.67
1225.10
1549.23
1348.32
1410.67
1652.67
1554.52
1655.33
1417.97
1619.99
2991.58
2519.16
2496.83
6.37%-0.89%Costs & Expenses (Total) (-)
$11475.16
11631.35
11413.33
11204.47
10171.71
10599.64
12415.51
12258.01
11941.84
11867.65
13007.26
15627.47
11892.19
11975.79
2.85%0.70%Operating Income/Loss (+)
$1670.78
1384.36
1802.64
1507.27
1189.05
1429.68
1886.88
2062.32
1753.68
2479.99
2854.35
3437.72
2077.06
2767.00
6.78%33.22%Non-operating Income/Expense (+)
$-1.29
18.20
25.51
43.37
62.20
61.40
29.27
61.25
67.11
17.00
-984.87
-184.17
116.13
228.87
97.08%Interest Expense (-)
$92.79
91.55
82.57
118.41
136.52
162.44
213.87
190.14
308.16
250.04
255.25
573.89
416.72
387.23
18.02%-7.08%Earnings before Tax (+)
$1576.70
1311.00
1556.72
1432.24
1114.73
1328.64
1702.28
1933.42
1512.63
2246.96
1614.23
2679.66
1776.47
2608.64
4.94%46.84%Tax Expense (-)
$421.21
362.22
515.30
419.69
307.51
344.80
640.96
420.49
305.92
500.10
298.04
596.13
402.01
548.78
3.21%36.51%Income/Loss (Continuing Operations) (+)
$1155.49
948.78
1041.42
1012.55
807.22
983.84
1061.32
1512.93
1206.70
1746.86
1316.19
2083.54
1374.46
2059.86
5.51%49.87%Profit/Loss (+)
$1155.49
948.78
1041.42
1012.55
807.22
983.84
1061.32
1512.93
1206.70
1746.86
1316.19
2083.54
1374.46
2059.86
5.51%49.87%Net Income/Loss (NCI) (-)
$3.67
0.36
0.37
0.41
0.38
0.43
0.51
0.57
0.36
0.76
0.58
0.60
0.48
0.61
-15.18%27.82%Net Income/Loss (+)
$1151.82
948.43
1041.05
1012.14
806.84
983.41
1060.80
1512.36
1206.34
1746.10
1315.61
2082.94
1373.98
2059.25
5.53%49.87%Net Income/Loss (Common) (+)
$1151.82
948.43
1041.05
1012.14
806.84
983.41
1060.80
1512.36
1206.34
1746.10
1315.61
2082.94
1373.98
2059.25
5.53%49.87%EPS (Basic)
$7.62
6.36
6.98
7.08
5.96
7.37
7.98
11.63
9.39
13.54
10.24
16.23
10.71
16.03
7.12%49.67%EPS (Diluted)
$7.45
6.26
6.87
6.97
5.89
7.25
7.83
11.48
9.29
13.35
10.09
16.04
10.58
15.82
7.22%49.53%Weighted Avg Shares (Basic)
149.44
149.18
148.80
138.42
133.90
133.13
132.36
128.44
128.56
129.10
128.40
128.43
128.30
128.54
-1.37%0.19%Cash
$838.32
1781.41
1613.56
1180.58
1221.65
884.89
822.14
3219.77
685.51
733.12
535.80
475.18
534.83
405.48
-5.03%-24.18%Short-term Investments
$
573.70
733.49
882.34
39.32
32.99
150.93
70.81
39.12
27.86
8.39
23.47
9.97
-57.52%Receivables
$1992.28
2062.74
Inventory
$1400.73
1377.40
1371.68
1300.46
1173.33
1549.49
1621.30
1678.13
1814.63
2090.64
2214.55
2907.88
3067.61
2966.34
6.87%-3.30%Prepaid Expenses (Current)
$137.43
182.67
129.84
241.68
104.36
120.28
134.89
182.49
214.99
243.97
6383.17
306.31
376.07
337.06
7.56%-10.37%Other Assets (Current)
$129.35
126.95
2382.81
2126.88
1826.10
2185.74
2473.92
2441.76
2099.27
2509.91
2885.26
3136.46
3231.44
3223.71
33.62%-0.24%Assets (Current)
$4498.11
5531.19
6071.58
5583.09
5207.79
4779.72
5085.24
7673.09
4885.20
5616.75
12046.64
6834.23
7233.41
6942.56
3.88%-4.02%Securities & Long-term Investments
$931.13
687.46
1018.78
1091.81
850.09
842.48
801.05
747.77
764.56
774.24
788.06
1104.58
1188.67
1150.78
1.57%-3.19%Property, Plant & Equipment (Net)
$1719.97
1808.24
1824.29
1664.02
1568.10
1937.29
1856.24
1768.29
2292.74
2266.48
2122.76
2865.03
2843.80
2870.92
4.75%0.95%Accumulated Depreciation
$3129.26
3191.06
3328.30
3198.59
3169.04
3249.46
3359.02
3418.44
3517.95
3773.74
3775.20
3963.94
4162.27
5.00%Goodwill & Intangibles
$4021.07
4514.01
4359.71
3956.12
3825.61
7894.36
7519.94
7237.08
11668.85
11579.48
10875.90
19079.21
19118.07
18541.26
15.21%-3.02%Other Assets
$
605.15
36.06
57.62
150.46
126.84
104.25
110.58
81.43
131.78
72.81
-44.75%Assets (Non-current)
$6672.17
7009.71
7202.78
6711.94
6848.95
10710.19
10234.85
9903.60
14852.99
14724.45
13897.30
23130.24
23282.31
22635.78
11.97%-2.78%Assets (Total)
$11170.28
12540.90
13274.36
12295.04
12056.74
15489.90
15320.09
17576.69
19738.19
20341.20
25943.94
29964.47
30515.73
29578.33
9.39%-3.07%Accounts Payable
$1812.38
1719.08
1928.97
1642.19
1545.13
1889.54
2056.68
2006.75
1731.30
2411.29
2452.35
3076.82
2894.48
2836.29
4.93%-2.01%Debt (Current)
$225.59
1333.83
816.62
223.14
361.84
1008.47
638.47
587.01
809.53
2.82
1724.31
3763.18
1992.92
4080.76
29.16%104.76%Other Liabilities (Current)
$448.04
467.30
507.20
484.79
458.97
497.85
502.33
558.01
607.54
682.39
1682.66
895.37
900.77
1077.32
6.50%19.60%Liabilities (Current)
$2486.01
3520.20
3252.80
2350.13
2365.94
3395.86
3197.48
3151.77
3148.37
3096.50
5859.32
7735.37
5788.17
7994.37
10.87%38.12%Debt (Non-current)
$1503.95
1495.96
1508.14
2723.96
2675.00
4861.90
4318.56
6520.83
7652.26
6582.05
9755.83
8796.28
11412.30
7290.21
17.42%-36.12%Other Liabilities
$2274.59
1783.25
1850.62
2113.38
2437.12
1964.80
1938.55
1935.93
2809.03
2248.97
1468.88
3094.54
3522.09
2693.33
2.84%-23.53%Liabilities (Non-current)
$3778.54
3279.21
3358.76
4837.34
5112.12
6826.70
6257.11
8456.76
10461.29
8831.03
11224.71
11890.82
14934.39
9983.54
10.98%-33.15%Liabilities (Total)
$6264.55
6799.42
6611.55
7187.47
7478.06
10222.56
9454.59
11608.54
13609.66
11927.53
17084.02
19626.19
20722.56
17977.91
10.94%-13.24%Treasury Stock
$2205.53
2274.29
2377.28
3712.23
4218.82
4378.90
4590.14
5309.13
5364.92
5370.60
5688.43
5817.79
5799.25
5916.59
9.22%2.02%Retained Earnings
$7787.18
8421.27
9174.19
9841.89
10302.87
10930.35
11625.98
12777.54
13530.67
14915.50
15661.81
17041.50
16522.90
18529.56
7.38%12.14%AOCI
$-1415.90
-1107.83
-823.50
-1738.62
-2227.76
-1924.20
-1763.09
-2059.05
-2558.88
-1566.73
-1543.20
-1292.87
-1388.63
-1408.37
-1.42%Shareholder's Equity
$4905.73
5741.48
6662.81
5107.57
4578.68
5267.35
5865.49
5968.15
6128.53
8413.67
8859.92
10338.28
9793.17
11600.42
7.01%18.45%Liabilities & Equity
$11170.28
12540.90
13274.36
12295.04
12056.74
15489.90
15320.09
17576.69
19738.19
20341.20
25943.94
29964.47
30515.73
29578.33
9.39%-3.07%Net Income/Loss
$1155.49
948.78
1041.42
1012.55
807.22
983.84
1061.32
1512.93
1206.70
1746.86
1316.19
2083.54
1374.46
2059.86
5.51%49.87%Depreciation & Amortization
$321.93
335.62
336.70
317.49
306.84
355.23
466.09
436.19
537.53
595.39
571.76
818.13
609.07
696.46
8.85%14.35%Increase/Decrease in Working Capital
$-26.67
184.71
-196.10
77.63
-38.40
121.20
48.28
363.24
-198.20
-292.81
-743.39
-141.21
96.44
671.78
596.57%Share-based Compensation
$80.94
85.00
103.16
96.09
71.29
80.34
118.83
104.08
111.38
121.48
137.09
142.72
117.54
128.68
5.29%9.48%Adjustments to Reconcile Net Income
$374.89
242.15
346.47
302.23
362.63
318.63
538.97
217.21
864.25
828.14
1125.54
896.39
420.44
87.21
8.25%-79.26%Net Cash (Operating)
$1530.38
1190.93
1387.89
1301.94
1169.84
1302.47
1600.29
1730.14
2070.95
2575.00
2441.73
2979.93
1794.89
2147.08
6.25%19.62%Capital Expenditure
$354.67
788.48
17.07
177.22
173.81
4172.69
-11.96
130.86
5282.31
69.37
187.33
7040.41
6935.17
198.86
31.21%-97.13%Net Cash (Investing)
$-375.77
-809.85
-646.40
-579.16
-264.64
-3365.15
20.09
-218.51
-5023.99
-0.01
-418.84
-8176.81
-8084.91
-194.30
97.60%Increase/Decrease in Debt
$-5.16
992.05
-517.57
667.31
85.84
2463.88
-939.33
2172.35
1117.77
-1934.03
5001.34
40.47
906.81
-1193.37
-231.60%Increase/Decrease in Equity
$-456.97
-258.01
-204.04
-1398.45
-557.58
-338.08
-377.36
-857.58
-213.43
-214.13
-515.85
-307.45
-208.82
-237.69
-13.82%Interest Expenses
$91.68
88.08
77.14
105.20
134.00
131.94
200.86
169.38
308.20
236.98
240.31
464.70
15.90%Dividends Paid
$240.65
255.01
278.24
340.39
341.96
345.38
365.29
412.47
453.84
475.17
569.86
704.05
513.23
571.58
10.25%11.37%Net Cash (Financing)
$-823.52
576.17
-958.12
-1044.74
-802.42
1782.63
-1681.97
902.31
449.31
-2623.34
3915.64
-971.04
184.76
-2005.53
-1185.50%Cash Taxes Paid
$494.38
311.99
472.37
515.35
250.16
268.13
408.76
454.70
307.96
485.88
549.22
411.44
-1.66%Effect of Exchange Rate
$-150.25
-14.17
48.77
-111.00
-61.71
-56.72
-1.15
-16.31
-30.52
95.95
-23.77
-4.78
-7.78
-16.95
-117.79%Increase/Decrease in Cash
$180.85
943.10
-167.86
-432.97
41.07
-336.77
-62.75
2397.63
-2534.25
47.60
5914.76
-6172.69
-6113.05
-69.70
98.86%Cash (Beginning)
$657.47
838.32
1781.41
1613.56
1180.58
1221.65
884.89
822.14
3219.77
685.51
733.12
6647.88
6647.88
475.18
23.41%-92.85%Cash (Ending)
$838.32
1781.41
1613.56
1180.58
1221.65
884.89
822.14
3219.77
685.51
733.12
6647.88
475.18
534.83
405.48
-5.03%-24.18%NOPAT
$1146.90
1054.91
1255.65
964.92
922.21
1141.16
1433.79
1577.30
1396.64
1943.71
1883.19
2909.89
1607.02
2184.91
8.83%35.96%Gross Margin %
24.25%
22.50%
22.91%
24.04%
22.33%
23.61%
24.75%
25.26%
24.89%
27.17%
28.21%
33.72%
32.90%
35.70%
Operating Margin %
12.71%
10.64%
13.64%
11.86%
10.47%
11.88%
13.19%
14.40%
12.80%
17.29%
18.00%
18.03%
14.87%
18.77%
NOPAT Margin %
8.72%
8.10%
9.50%
7.59%
8.12%
9.49%
10.02%
11.01%
10.20%
13.55%
11.87%
15.26%
11.50%
14.82%
Net Margin %
8.76%
7.29%
7.88%
7.96%
7.10%
8.18%
7.42%
10.56%
8.81%
12.17%
8.29%
10.93%
9.84%
13.97%
Tax Rate %
31.36%
23.80%
30.34%
35.98%
22.44%
20.18%
24.01%
23.52%
20.36%
21.62%
34.02%
15.35%
22.63%
21.04%
ROA
10.27%
8.41%
9.46%
7.85%
7.65%
7.37%
9.36%
8.97%
7.08%
9.56%
7.26%
9.71%
5.27%
7.39%
ROE
23.38%
18.37%
18.85%
18.89%
20.14%
21.66%
24.44%
26.43%
22.79%
23.10%
21.26%
28.15%
16.41%
18.83%
ROIC
14.21%
11.35%
18.40%
14.94%
15.29%
11.14%
14.86%
15.75%
9.54%
13.73%
10.00%
13.16%
7.11%
10.05%
Asset Turnover
1.18
1.04
1.00
1.03
0.94
0.78
0.93
0.81
0.69
0.71
0.61
0.64
0.46
0.50
Inventory Turnover
7.11
7.32
7.43
7.42
7.52
5.93
6.64
6.38
5.67
5.00
5.14
4.35
3.06
3.20
Equity Multiplier
2.28
2.18
1.99
2.41
2.63
2.94
2.61
2.95
3.22
2.42
2.93
2.90
3.12
2.55
Current Ratio
1.81
1.57
1.87
2.38
2.20
1.41
1.59
2.43
1.55
1.81
2.06
0.88
1.25
0.87
Quick Ratio
1.14
1.09
0.67
0.81
0.89
0.27
0.27
1.07
0.24
0.25
0.10
0.06
0.10
0.05
Debt/Equity Ratio
0.35
0.49
0.35
0.58
0.66
1.11
0.85
1.19
1.38
0.78
1.30
1.21
1.37
0.98
Interest Coverage Ratio
18.22
15.72
23.37
14.33
8.87
10.84
9.39
12.18
5.69
10.47
11.88
7.40
Working Capital/Sales
0.18
0.23
0.05
0.07
0.06
0.03
0.02
0.07
0.05
0.02
0.37
0.01
0.05
0.02
Dividend Payout Ratio %
20.98%
24.17%
22.16%
35.28%
37.08%
30.27%
25.48%
26.15%
32.49%
24.45%
30.26%
24.20%
31.94%
26.16%
Total Payout
$794.46
-390.95
1077.00
1176.73
947.69
-1648.49
1882.83
-732.93
-142.31
2860.32
-3675.32
1435.74
-184.76
2002.64
5.53%1183.93%Payout Ratio %
69.27%
-37.06%
85.77%
121.95%
102.76%
-144.46%
131.32%
-46.47%
-10.19%
147.16%
-195.17%
49.34%
-11.50%
91.66%