Parker-Hannifin Corporation is a global leader in motion and control technologies, offering highly engineered solutions across various markets, including aerospace and defense, industrial equipment, transportation, energy, and HVAC and refrigeration . The company operates through two main business segments: Diversified Industrial and Aerospace Systems, providing products such as motion-control systems, hydraulic and pneumatic components, and thermal management systems . Parker-Hannifin's offerings cater to both commercial and military applications, ensuring comprehensive solutions for manufacturing, transportation, and military machinery .
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Diversified Industrial Segment - Provides motion-control systems and components used in manufacturing, packaging, processing, transportation, and military machinery .
- Motion Systems - Develops systems for precise control and movement in various industrial applications.
- Flow and Process Control - Offers solutions for managing the flow and processing of fluids and gases.
- Filtration and Engineered Materials - Supplies filtration systems and engineered materials for diverse industrial uses.
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Aerospace Systems Segment - Designs and manufactures products for commercial and military aircraft, including hydraulic, pneumatic, fuel, oil, actuation, sensing, braking, thermal management, and electric power applications .
- Commercial OEM - Provides original equipment manufacturing solutions for commercial aircraft.
- Commercial Aftermarket - Offers aftermarket services and products for commercial aviation.
- Defense OEM - Supplies original equipment for military aircraft.
- Defense Aftermarket - Delivers aftermarket support and products for military aviation.
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| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Jennifer A. Parmentier ExecutiveBoard | Chairman of the Board and Chief Executive Officer | Director at Nordson Corporation | Jennifer A. Parmentier joined Parker-Hannifin in 2008 and has held various leadership roles, contributing significantly to the company's strategic and operational success. | View Report → |
Andrew D. Ross Executive | President and Chief Operating Officer | None | Andrew D. Ross joined Parker-Hannifin in 2012 and has held several key positions, including President and COO, contributing to operational improvements. | |
Angela R. Ives Executive | Vice President and Controller | None | Angela R. Ives joined Parker-Hannifin in 2021 as Vice President and Controller. | |
Berend Bracht Executive | Vice President and President of the Motion Systems Group | None | Berend Bracht has been with Parker-Hannifin since 2018, previously serving as Vice President of Operations for the Engineered Materials Group. | |
Dinu J. Parel Executive | Vice President – Chief Digital and Information Officer | None | Dinu J. Parel joined Parker-Hannifin in 2018, focusing on digital transformation and IT strategies. | |
Jay P. Reidy Executive | Vice President and President of the Aerospace Group | None | Jay P. Reidy began his role in 2024, leading the Aerospace Group. | |
Joseph R. Leonti Executive | Vice President, General Counsel, and Secretary | None | Joseph R. Leonti has been with Parker-Hannifin since 2014, overseeing legal affairs and corporate governance. | |
Mark J. Hart Executive | Executive Vice President – Human Resources and External Affairs | None | Mark J. Hart has been with Parker-Hannifin since at least 2016, focusing on human resources and external affairs. | |
Mark T. Czaja Executive | Vice President - Chief Technology and Innovation Officer | None | Mark T. Czaja has been with Parker-Hannifin since 2000, focusing on technology and innovation. | |
Patrick M. Scott Executive | Vice President and President – Fluid Connectors Group | None | Patrick M. Scott began his tenure as Vice President and President – Fluid Connectors Group in 2024. | |
Rachid Bendali Executive | Vice President and President of the Engineered Materials Group | None | Rachid Bendali joined Parker-Hannifin in 2019 as part of the LORD Corporation acquisition and has progressed to his current role. | |
Robert W. Malone Executive | Vice President and President – Filtration Group | None | Robert W. Malone has been with Parker-Hannifin since at least 2014, leading the Filtration Group. | |
Thomas C. Gentile Executive | Vice President – Global Supply Chain | None | Thomas C. Gentile has been with Parker-Hannifin since 2008, overseeing global supply chain operations. | |
Todd M. Leombruno Executive | Executive Vice President and Chief Financial Officer | Director of The Timken Company | Todd M. Leombruno has been with Parker-Hannifin since 2012, serving in various financial leadership roles before becoming CFO in 2021. | |
Denise Russell Fleming Board | Director | Executive Vice President, Technology and Global Services, and CIO at Becton, Dickinson & Company | Denise Russell Fleming was elected as a Director in 2023, bringing expertise in IT systems and cybersecurity. | |
E. Jean Savage Board | Director | President and CEO of Trinity Industries, Inc.; Director at WestRock Company | E. Jean Savage was elected to the Board of Directors in 2024, bringing extensive leadership experience from her roles at Trinity Industries and Caterpillar. | |
James L. Wainscott Board | Lead Independent Director | Director at CSX Corporation | James L. Wainscott has been a Director at Parker-Hannifin since 2009 and serves as the Lead Independent Director, contributing to corporate governance. | |
James R. Verrier Board | Director | None | James R. Verrier has been a Director at Parker-Hannifin since 2016, with expertise in corporate strategy and operational risk management. | |
Jillian C. Evanko Board | Director | President and CEO of Chart Industries, Inc. | Jillian C. Evanko has been a director at Parker-Hannifin since 2021, contributing her expertise in corporate strategy and industrial manufacturing. | |
Joseph Scaminace Board | Director | Lead Director at Cintas Corporation | Joseph Scaminace has been a Director at Parker-Hannifin since 2004, with extensive experience in corporate strategy and risk management. | |
Kevin A. Lobo Board | Director | Chairman, CEO, and President of Stryker Corporation | Kevin A. Lobo has been a Director at Parker-Hannifin since 2013, contributing his expertise in corporate strategy and financial performance. | |
Lance M. Fritz Board | Director | Director at Fiserv Inc. | Lance M. Fritz has been a director at Parker-Hannifin since 2021, with extensive experience in corporate governance and risk management. | |
Laura K. Thompson Board | Director | Director at Wesco International; Director at Titan International, Inc. | Laura K. Thompson has been a director at Parker-Hannifin since 2019, with expertise in corporate finance and M&A strategy. | |
Linda A. Harty Board | Director | Director at Westinghouse Air Brake Technologies Corporation (Wabtec); Director at Chart Industries, Inc. | Linda A. Harty has been a director at Parker-Hannifin since 2007, with expertise in corporate finance and risk management. |
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Given that you expect Industrial North America to turn slightly positive in Q2 despite ongoing market softness, what specific factors give you confidence in this outlook, and how sustainable is this anticipated improvement?
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With the recent divestiture of the North American composites business and mentions of potential future portfolio optimization, how do you balance divesting non-core assets with the need to achieve your fiscal '29 targets, particularly regarding margin expansion and growth? ,
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As you've achieved your net debt to adjusted EBITDA target of 2.0x, can you elaborate on your capital deployment priorities, specifically regarding potential M&A opportunities versus share buybacks, and how do you ensure that any future acquisitions meet your criteria for top-line growth and margin accretion?
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The Filtration and Engineered Materials platforms have shown remarkable stability compared to other segments; can you discuss whether this resilience is sustainable in the long term, and what impact could changing market conditions have on margins in these businesses?
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You have increased the Meggitt synergy targets to $300 million by FY '26; what challenges do you foresee in realizing these additional synergies, and how confident are you in achieving the incremental $100 million over the next two years?
Research analysts who have asked questions during Parker-Hannifin earnings calls.
Andrew Obin
Bank of America
5 questions for PH
Jamie Cook
Truist Securities
5 questions for PH
Jeffrey Sprague
Vertical Research Partners
5 questions for PH
Joseph O'Dea
Wells Fargo & Company
4 questions for PH
Joseph Ritchie
Goldman Sachs
4 questions for PH
Julian Mitchell
Barclays Investment Bank
4 questions for PH
Mircea Dobre
Robert W. Baird & Co.
4 questions for PH
Nigel Coe
Wolfe Research, LLC
4 questions for PH
Scott Davis
Melius Research
4 questions for PH
Andrew Kaplowitz
Citigroup
3 questions for PH
David Raso
Evercore ISI
3 questions for PH
Amit Mehrotra
UBS
2 questions for PH
Nicole DeBlase
BofA Securities
2 questions for PH
Brett Linzey
Mizuho Securities
1 question for PH
Joe O'Dea
Wells Fargo
1 question for PH
Joseph Giordano
TD Cowen
1 question for PH
Joseph O'Dea
Wells Fargo
1 question for PH
Matthew Laflash
Barclays
1 question for PH
Nathan Jones
Stifel, Nicolaus & Company, Incorporated
1 question for PH
Stephen Volkmann
Jefferies
1 question for PH
Timothy Thein
Raymond James
1 question for PH
Vivek Srivastava
Wolfe Research
1 question for PH
Competitors mentioned in the company's latest 10K filing.
| Company | Description |
|---|---|
Bosch Rexroth AG | A primary global competitor in the Diversified Industrial Segment, competing in areas such as product quality, innovation, customer experience, manufacturing and distribution capability, aftermarket support, and price competitiveness. |
A primary global competitor in the Diversified Industrial Segment, competing across various product lines and markets. | |
Danfoss A/S | A primary global competitor in the Diversified Industrial Segment, competing in motion and control technologies. |
A primary global competitor in the Diversified Industrial Segment, particularly in filtration and related technologies. | |
Emerson Climate Technologies, Inc. | A primary global competitor in the Diversified Industrial Segment, competing in climate control and related technologies. |
A primary global competitor in the Diversified Industrial Segment, competing in process control and related technologies. | |
Festo AG & Co. | A primary global competitor in the Diversified Industrial Segment, competing in pneumatics and related technologies. |
Freudenberg-NOK | A primary global competitor in the Diversified Industrial Segment, competing in engineered materials and related technologies. |
Gates Corporation | A primary global competitor in the Diversified Industrial Segment, competing in fluid and gas handling technologies. |
IMI/Norgren | A primary global competitor in the Diversified Industrial Segment, competing in motion and control technologies. |
SMC Corporation | A primary global competitor in the Diversified Industrial Segment, competing in pneumatics and related technologies. |
Swagelok Company | A primary global competitor in the Diversified Industrial Segment, competing in fluid and gas handling technologies. |
Trelleborg AB | A primary global competitor in the Diversified Industrial Segment, competing in engineered materials and related technologies. |
A primary global competitor in the Aerospace Systems Segment, competing in advanced technological and engineering capabilities. | |
A primary global competitor in the Aerospace Systems Segment, competing in systems and components for aerospace applications. | |
A primary global competitor in the Aerospace Systems Segment, competing in advanced technological and engineering capabilities. | |
A primary global competitor in the Aerospace Systems Segment, competing in systems and components for aerospace applications. | |
A primary global competitor in the Aerospace Systems Segment, competing in advanced technological and engineering capabilities. | |
Safran S.A. | A primary global competitor in the Aerospace Systems Segment, competing in systems and components for aerospace applications. |
Senior plc | A primary global competitor in the Aerospace Systems Segment, competing in advanced technological and engineering capabilities. |
A primary global competitor in the Aerospace Systems Segment, competing in systems and components for aerospace applications. | |
A primary global competitor in the Aerospace Systems Segment, competing in advanced technological and engineering capabilities. |
Notable M&A activity and strategic investments in the past 3 years.
| Company | Year | Details |
|---|---|---|
Meggitt plc | 2024 | The acquisition of Meggitt plc by Parker-Hannifin (completed on September 12, 2022) significantly boosted Parker’s fiscal 2024 performance by adding approximately $501 million in net sales in the first six months and driving a 25% growth in commercial aftermarket sales. The deal, which enhanced Parker’s Aerospace Systems segment, included notable integration costs (amortization expenses and business realignment charges) and later involved a divestiture of the composites and fuel containment business for $560 million. |
Recent press releases and 8-K filings for PH.
- Achieved record adjusted segment operating margins of 26.3% (up +160 bps) and an EBITDA margin of 27.0% (up +150 bps) .
- Robust profitability with adjusted EPS growing by 7%, GAAP EPS of $7.37 (33% increase), and net income of $961 million (up 6% YoY) .
- Delivered solid Q3 sales of approximately $5.0 billion (reported as $4,960M) .
- Updated guidance with Q4 sales expected to reach $5.1 billion, full-year free cash flow forecast of $3.1 billion, and aerospace organic growth raised to 12% .
- Generated strong operational efficiency with $2.3 billion in YTD cash flow from operations .
- Launched strategic initiatives including a $650 million share repurchase and a raised quarterly cash dividend .
- Achieved margin expansion through disciplined cost management despite a 2% decline in sales .
- Strategic Performance: The company highlighted its long-term transformation plan, targeting approximately $20 billion in revenue and aiming for margin expansion with a 27% adjusted operating margin target by FY29, supported by an 8% revenue CAGR from FY22 to FY25.
- Business Segmentation & Innovation: Parker-Hannifin detailed its diversified business structure — with Aerospace Systems at 31%, Diversified Industrial International at 29% (or 28%) and Diversified Industrial North America at 41% — and emphasized their decentralized operating model and innovation tools like New Product Blueprinting and Simple by Design to streamline R&D (reducing spend from 3% to about 1.5%).
- M&A and Capital Allocation: The discussion underscored a disciplined M&A pipeline that spans both smaller bolt-on deals and larger acquisitions, complementing organic growth targets of 4% to 6%, while leveraging a strong cash generation profile to deploy capital and enhance shareholder value.
- Parker Hannifin participated in the Bank of America Global Industrials Conference on March 19, 2025, where the company discussed forward-looking statements and provided non‑GAAP measures for evaluating performance.
- The presentation highlighted the company’s The Win Strategy™ with a decentralized structure, technical expertise, and innovative products, alongside key guidance figures including target revenue of ~$20B FY25G and margin expansion.
- Detailed FY25 guidance was also discussed covering improvements in operating margins, adjusted EPS, and free cash flow, reflecting the company's diversified operations across North America, international markets, and aerospace.