Parker-Hannifin Corporation Reports Fourth Quarter Fiscal Year 2023 Earnings Results
August 19, 2023
🌥️Earnings Overview
On August 3 2023, PARKER-HANNIFIN CORPORATION ($NYSE:PH) reported their financial results for the fourth quarter of the fiscal year 2023, ending on June 30 2023. Total revenue for the quarter was USD 5095.9 million, a notable increase of 21.7% from the previous year’s quarter. Net income for this quarter was USD 709.0 million, a significant jump from the net income of USD 128.8 million during the same period the previous year.
Price History
The stock opened at 420.1 and closed at 418.2, representing a 3.0% increase from the previous closing price of 405.9. This was the fifth consecutive quarter that the company had positive earnings and revenue growth.
In addition, the company reported strong sales in the fourth quarter for its aerospace systems, filtration and fluid connectors divisions. Overall, PARKER-HANNIFIN CORPORATION reported strong fourth quarter earnings results that surpassed market expectations. The company’s stock price closed at 418.2, reflecting investor confidence in the company’s performance and future prospects. Live Quote…
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% |
Analysis
GoodWhale conducted an analysis of PARKER-HANNIFIN CORPORATION‘s wellbeing. According to our Star Chart, PARKER-HANNIFIN CORPORATION has a high health score of 8/10 with regard to its cashflows and debt. We conclude that it is capable to pay off debt and fund future operations. PARKER-HANNIFIN CORPORATION is strong in dividend and profitability, while medium in growth and weak in asset. We classify PARKER-HANNIFIN CORPORATION as a ‘gorilla’ – a type of company that has achieved stable and high revenue or earning growth due to its strong competitive advantage. Investors that may be interested in PARKER-HANNIFIN CORPORATION are those looking for a company with a strong cash position, stable dividend payments, and the potential for long-term growth. With its strong competitive advantage, PARKER-HANNIFIN CORPORATION provides an attractive opportunity for investors who are looking for a safe bet with potential for growth. More…
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 financial results for the fourth quarter of the fiscal year 2023, ending on June 30 2023. The stock price responded positively to these impressive figures, with a single-day increase. These results make a compelling case for investing in PARKER-HANNIFIN CORPORATION, as the company has demonstrated its ability to generate robust revenues and profits. With a strong financial position and the outlook for future performance looking favourable, PARKER-HANNIFIN CORPORATION is an attractive option for investors who are looking for a safe and reliable return on their investment.
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