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What's Going On With Parker-Hannifin Shares Today?
Parker-Hannifin Corp (NYSE:PH) reported third-quarter fiscal 2024 sales growth of 0.3% year-over-year to $5.07 billion and +1% on an organic basis, beating the consensus of $5.06 billion.
Orders were flat YoY, with a 4% decrease in Diversified Industrial North American businesses and an 8% decline in Diversified Industrial International businesses.
Orders increased by 15% Y/Y in the Aerospace Systems Segment on a rolling 12-month average basis.
Adjusted EPS improved to $6.51 from $5.93 in the third quarter of 2023, beating the consensus of $6.12.
Segment Sales: Diversified Industrial North America $2.23 billion (-4.7% Y/Y), Diversified Industrial International $1.43 ...