CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

CLEVELAND, Aug. 08, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter and year ended June 30, 2024, that included the following highlights (compared with the prior year period): Fiscal 2024 Fourth Quarter Highlights: Sales increased 2% to a record $5.2 billion; Organic sales growth was 3% Net income was $785 million, or $884 million adjusted EPS were $6.01, an increase of 10%, or a record $6.77 adjust ...

Parker-Hannifin Corporation (PH) is slated to release fourth-quarter fiscal 2024 (ended Jun 30, 2024) results on Aug 8, before market open. The Zacks Consensus Estimate for revenues is pegged at $5.1 billion, relatively flat with the prior-year quarter's reported number. The consensus mark for earnings is pinned at $6.23 per share, which has increased by a penny in the past 60 days. The figure indicates an increase of 2.5% from the prior-year reported figure. The company has a stellar earnings surprise hist ...

Parker-Hannifin (PH) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price. The earnings report, which is expected to be released on August 8, 2024, might help the stock move higher if these key numbers are better than e ...

CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. Th ...

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is su ...

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is s ...

Parker-Hannifin Corporation (PH) has been experiencing strength in commercial and military end markets across both OEM and aftermarket channels. The Aerospace Systems segment’s organic sales increased 18% year over year in the third quarter of fiscal 2024 (ended March 2024).In the quarters ahead, the segment is expected to benefit from solid demand for its products and aftermarket support services in general aviation and military end markets. The company expects the Aerospace Systems segment’s organic sales ...

CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024. Ms. Savage is currently President and Chief Executive Officer of Trinity Industries, Inc., a leading provider of rail transportation products and services in North America, a position she has held since 2020. Previously, she was Vice President, Surface Mining and Technology ...

Dividend growth stocks are among the best investments for creating lasting wealth in the stock market. With a history of reliable dividend increases, these dividend stocks provide investors with a steady income stream and, more often than not, capital appreciation. The twin growth engines can power a portfolio to market-beating returns.Studies show that companies that initiate a dividend and grow the payout over time outperform all other stocks on the market. And why not? Dividend growth stocks have a succe ...