Snapshot
Parker-Hannifin Corp reported $5.49B of revenue in Q3 2026, up 10.6% year over year, with diluted EPS of $7.06 and an operating margin of 20.7%.
- Revenue
- $5.49B
- YoY growth
- +10.6%
- Diluted EPS
- $7.06
- Operating margin
- 20.7%
$5.49B
Revenue
+10.6%
YoY growth
$7.06
Diluted EPS
20.7%
Operating margin
01 Key takeaways
What management said
- •I'd like to welcome everyone to Parker's fiscal year 2026 third quarter earnings release webcast.
- •Today's agenda has Jenny re-reviewing our record third quarter performance, then she will highlight two of our largest market verticals, that is aerospace and defense and transportation.
- •Q3 was a quarter of record performance enabled by the strength of our portfolio.
- •Our team delivered record Q3 sales of $5.5 billion, organic growth of 6.5% and 40 basis points of margin expansion, resulting in 26.7% adjusted segment operating margin.
- •Adjusted earnings per share grew 18%, year-to-date cash flow from operations was $2.6 billion.
- •Orders came in at 9% with a record backlog of $12.5 billion.
- •It is truly an extension of our engineering teams, providing solutions to all those small to midsize OEMs that are participating in capital spending and investment.
- •As a reminder, these six market verticals represent greater than 90% of the company's revenue.
- •2/3 of our revenue comes from customers who buy four or more technologies, and our growth is focused on faster-growing, longer-cycle markets and secular trends.
- •With the Meggitt acquisition, we increased our global footprint and are now very well equipped to serve current and future demand from OEM and aftermarket customers in the Americas, EMEA, and Asia.
- •Orders continue to outpace shipments, and we are on track to finish our fourth consecutive year of double-digit organic growth.
- •Lastly, we are seeing an increase in OEM orders for heavy-duty truck, our largest platform within transportation, and as a result, are increasing fiscal year 2026 sales guidance for this market.
SourcesCompany financials · earnings call
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