Parker-Hannifin Corporation Reports Fourth Quarter Earnings of USD 5095.9 Million, Up 21.7% Year-on-Year
August 18, 2023
🌥️Earnings Overview
PARKER-HANNIFIN CORPORATION ($NYSE:PH) announced their fourth quarter earnings for the fiscal year 2023, with total revenue reaching USD 5095.9 million, a 21.7% rise from the same quarter in the previous year. Net income totaled USD 709.0 million, a significant increase from the USD 128.8 million reported in the same quarter last year. The results were reported on June 30 2023.
Analysis
GoodWhale has done an analysis of PARKER-HANNIFIN CORPORATION‘s financials, and based on the results, it would classify the company as a medium risk investment in terms of financial and business aspects. This means that investors should be slightly cautious when investing in PARKER-HANNIFIN CORPORATION, as there are certain risks that need to be taken into consideration. Specifically, GoodWhale has identified two risk warnings in the balance sheet and cashflow statement. Investors looking for more information can register on goodwhale.com to get a full overview of the company’s financials and the associated risks. More…
About the Company
Income Snapshot
Below shows the total revenue, net income and net margin for Parker-hannifin Corporation. More…
| Total Revenues | Net Income | Net Margin |
| 19.07k | 2.08k | 10.9% |
Cash Flow Snapshot
Below shows the cash from operations, investing and financing for Parker-hannifin Corporation. More…
| Operations | Investing | Financing |
| 2.98k | -8.18k | -971.04 |
Balance Sheet Snapshot
Below shows the total assets, liabilities and book value per share for Parker-hannifin Corporation. More…
| Total Assets | Total Liabilities | Book Value Per Share |
| 29.96k | 19.63k | 80.49 |
Key Ratios Snapshot
Some of the financial key ratios for Parker-hannifin Corporation are shown below. More…
| 3Y Rev Growth | 3Y Operating Profit Growth | Operating Margin |
| 11.7% | 20.6% | 17.1% |
| FCF Margin | ROE | ROA |
| 13.6% | 20.2% | 6.8% |
Peers
Parker Hannifin Corp is one of the leading suppliers of motion and control technologies and systems in the world. The company operates in three segments: industrial, aerospace, and climate control systems. Parker Hannifin has a strong presence in North America, Europe, and Asia. The company’s main competitors are Suzhou Recodeal Interconnect System Co Ltd, Cummins Inc, EnPro Industries Inc.
– Suzhou Recodeal Interconnect System Co Ltd ($SHSE:688800)
Suzhou Recodeal Interconnect System Co Ltd is a leading provider of interconnect solutions in China. The company has a market cap of 12.12B and a ROE of 11.67%. The company provides a wide range of interconnect products and services, including connectors, cable assemblies, and custom interconnect solutions. The company’s products are used in a variety of applications, including telecommunications, data communications, automotive, industrial, and consumer electronics.
– Cummins Inc ($NYSE:CMI)
Cummins Inc is a large American company that designs, manufactures, and markets engines and related technologies, including fuel systems, controls, air handling, filtration, emission solutions and electrical power generation systems. It is headquartered in Columbus, Indiana. The company has a market cap of $35.3 billion as of 2022 and a return on equity of 19.66%. Cummins Inc designs, manufactures, and sells engines and related technologies for use in on-highway and off-highway vehicles, industrial applications, and power generation systems. It operates in four segments: Engine, Distribution, Components, and Power Systems. The Engine segment provides internal combustion engines for on-highway vehicles, including trucks, buses, construction equipment, agricultural equipment, marine applications, and rail equipment; and off-highway vehicles, such as mining trucks and tractors, excavators, wheel loaders, and diesel-electric locomotives. The Distribution segment offers aftermarket products and services for engines and related products through a network of approximately 600 distributors and approximately 7,000 dealers in more than 190 countries and territories. The Components segment provides critical components that are required to produce its engines, including turbochargers, fuel systems, filtration, emission solutions, and other components; and sells these components to other original equipment manufacturers. The Power Systems segment provides power generation systems that are used in a variety of applications, including backup power, prime power, and continuous power for industrial facilities, such as data centers, hospitals, and retail stores; and for commercial applications, such as office buildings and restaurants.
– EnPro Industries Inc ($NYSE:NPO)
EnPro Industries, Inc. is a diversified industrial company with a focus on engineered products for use in critical applications. The company has three segments: Engineered Products, Industrial Products, and Services. Its products are used in a variety of industries, including aerospace, chemical processing, power generation, oil and gas, and transportation. EnPro Industries was founded in 1884 and is headquartered in Charlotte, North Carolina.
Summary
PARKER-HANNIFIN CORPORATION reported strong fourth quarter fiscal year 2023 earnings results on June 30 2023, with total revenue up 21.7% to USD 5095.9 million and net income up to USD 709.0 million compared to last year’s USD 128.8 million. The strong results resulted in a positive reaction from investors, with the company’s stock price moving up on the day of the announcement. Investors appear bullish on PARKER-HANNIFIN CORPORATION and see the potential for further upside over the coming months as the company continues to deliver strong results.
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