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Parker-Hannifin Q4 Earnings: Aerospace Segment Shines, Upbeat Annual Outlook, Stock Soars
Parker-Hannifin Corp (NYSE:PH) stock soared after the company reported strong fourth-quarter 2024 results and provided a strong 2025 outlook on Thursday.
Parker Hannifin reported fourth-quarter sales growth of 2% year over year to $5.186 billion and +3% organic growth, beating the consensus of $5.082 billion.
Orders were up 1% year over year, with Diversified Industrial North American businesses flat and Diversified Industrial International businesses declining 1%.
Orders in the Aerospace Systems segment increased 7% year-over-year, maintaining strength despite challenging comparisons from the previous year.
Adjusted EPS improved to $6.77 from $6.08 a year ago, ...