Question · Q1 2026
Nigel Kelly with Wolfe Research asked for a breakdown of aerospace margins between legacy Parker and Meggitt to assess further operationalization runway for Meggitt. He also inquired about the criteria for breaking out Powergen as a separate reportable subsegment, given its growing size, and sought more color on its specific exposures.
Answer
Executive Vice President and CFO Todd Leombruno stated that the Meggitt integration has been so successful that it's hard to differentiate between legacy Parker and Meggitt margins, as synergies were realized across the entire Parker Aerospace group. Chairman and CEO Jennifer Parmentier explained that the company doesn't use market vertical percentages to determine subsegments and has no immediate plans to break out Powergen, which is part of the broader energy market, but remains bullish on its future. She suggested following up with Jeff for more detailed exposure information.
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