Parker-Hannifin (PH) to Gain From Business Strength Amid Risks
Parker(PH) ZACKS·2024-06-04 01:01
Parker-Hannifin Corporation (PH) has been benefiting from strong momentum in commercial and military end markets across both OEM and aftermarket channels. The Aerospace Systems segment’s organic sales jumped 18% year over year in the third quarter of fiscal 2024 (ended March 2024). In the quarters ahead, the segment is poised to benefit from strong demand for its products and aftermarket support services in general aviation and military end markets.The company remains focused on acquiring businesses to gain ...