Parker-Hannifin Gains From End-Market Strength Amid Headwinds
Parker(PH) ZACKS·2024-11-14 00:45
Parker-Hannifin Corporation (PH) has been benefiting from strength in the Aerospace Systems segment, driven by solid momentum in commercial and military end markets. Segmental organic revenues jumped 17.2% year over year in the first quarter of fiscal 2025 (ended Sept. 30, 2024), supported by strength across both OEM and aftermarket channels. 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 mark ...