Parker-Hannifin (PH) Company Report

Parker Hannifin posted record Q2 sales of $5.2 billion, delivered 6.6% organic growth, expanded adjusted segment operating margin by 150 bps to 27.1%, and generated $7.65 EPS (+17%) and $1.6 billion operating cash flow
The company agreed to acquire Filtration Group Corporation, expecting close in 6–12 months, adding $220 million in cost synergies and boosting filtration aftermarket sales by 500 bps
Full-year 2026 guidance was raised: EPS to $30.70, adjusted segment operating margin to 27.2%, and free cash flow to $3.2–3.6 billion; Q3 sales are guided to $5.4 billion with 5% organic growth and 27% margin
Aerospace Systems achieved record Q2 sales of $1.7 billion (+14.5%), 30.2% margin, and backlog reached $8 billion

6 days ago

Transcript

Parker Hannifin reports record Q2 2026 results

Earnings

Guidance Update

M&A

Record Q2 sales of $5.2 billion, with organic growth of 6.6% and $1.6 billion of operating cash flow.
Adjusted segment operating margin expanded 150 bps to 27.1%, and adjusted EPS rose 17% to $7.65.
YTD free cash flow of $1.5 billion (14.2% of sales), supporting commitment to >100% cash flow conversion.
Raised FY2026 guidance: organic sales growth to 4–6% (midpoint 5%), reported sales to 5.5–7.5%, adjusted EPS to $30.70, and free cash flow to $3.2–3.6 billion.
Announced acquisition of Filtration Group Corporation, targeting $220 million in cost synergies and expected to close in 6–12 months.

6 days ago

Transcript

Parker-Hannifin reports Q2 2026 results

Earnings

Guidance Update

M&A

Delivered record Q2 sales of $5.2 B (+9% reported; +6.6% organic), 27.1% adjusted segment operating margin (+150 bps), $7.65 adjusted EPS (+17%), and $1.6 B operating cash flow.
Achieved all-time high margins across segments: North America sales of ~$2 B (+2.5% organic; 25.4% margin) , International sales of $1.5 B (+4.6% organic; 26.0% margin) and Aerospace Systems sales of $1.7 B (+13.5% organic; 30.2% margin; $8 B backlog).
Raised full-year 2026 guidance: reported sales up 5.5%–7.5% (6.5% midpoint), organic growth 4%–6% (5% midpoint), adjusted segment operating margin 27.2%, adjusted EPS $30.70, and free cash flow $3.2 B–$3.6 B.
Announced acquisition of Filtration Group, planning to close in 6–12 months with integration underway and targeting $220 M of cost synergies by year three.

6 days ago

Transcript

Parker Hannifin reports Q2 FY2026 results

Earnings

M&A

Record Q2 FY26 sales of $5.2 billion, up 9% reported and 6.6% organic year-over-year
Adjusted segment operating margin of 27.1%, a 150 bps increase from Q2 FY25
Adjusted EPS of $7.65, up 17% from $6.53 in Q2 FY25
Adjusted EBITDA of $1.431 billion, representing a 27.7% margin, up 90 bps year-over-year
Announced acquisition of Filtration Group Corporation

6 days ago

Presentation

Parker Hannifin reports Q2 FY2026 results

Earnings

M&A

Guidance Update

Parker Hannifin reported record Q2 sales of $5.2 billion, up 9% year-over-year; organic sales grew 6.6%.
Q2 segment operating margin increased to 23.9% (+180 bps) and adjusted margin to 27.1% (+150 bps).
Net income was $845 million (–11%), while adjusted net income rose 15% to $980 million; GAAP EPS of $6.60 (–9%) vs adjusted EPS of $7.65 (+17%).
Announced definitive agreement to acquire Filtration Group Corporation, enhancing aftermarket and life sciences capabilities.
Raised FY 2026 guidance: net sales growth of 5.5–7.5%, adjusted segment margin of 27.0–27.4%, and adjusted EPS of $30.40–31.00.

6 days ago

8-K

Parker Hannifin reports fiscal 2026 second quarter results

Earnings

Guidance Update

M&A

Parker reported record Q2 sales of $5.2 billion, up 9% year-over-year, with organic growth of 6.6%.
Segment operating margin expanded to 23.9%, a 180 bps increase (27.1% adjusted, +150 bps).
Net income declined to $845 million (−11%), while adjusted net income rose 15% to $980 million; EPS was $6.60 (−9%), with adjusted EPS up 17% to $7.65.
Management raised full-year guidance: net sales growth to 5.5%–7.5%, adjusted segment margin to 27.0%–27.4%, and adjusted EPS to $30.40–$31.00, and announced an agreement to acquire Filtration Group Corporation.

6 days ago

Press Release

Parker-Hannifin secures $5.25B 364-day and $2.5B three-year term loans

Debt Issuance

Parker-Hannifin entered into a $5.25 billion 364-day term loan agreement with Barclays Bank PLC as administrative agent, dated December 10, 2025.
Parker-Hannifin entered into a $2.5 billion three-year term loan agreement with KeyBank National Association as administrative agent, dated December 10, 2025.
The agreements include customary covenants, repayment terms and fees, with certain schedules and exhibits omitted (available upon request).

Dec 10, 2025, 9:05 PM

8-K

Parker-Hannifin agrees to acquire Filtration Group for $9.25 billion

M&A

On November 10, 2025, Parker-Hannifin entered into a merger agreement to acquire Filtration Group, a private filtration-technology provider, in an all-cash transaction valued at $9.25 billion, subject to a net working capital adjustment.
The purchase price will be financed with a combination of new debt and cash on hand, with Filtration Group merging into Parker’s wholly owned subsidiary at closing.
Completion is conditioned on regulatory approvals (including HSR Act clearances), absence of injunctions, a pre-closing divestiture of the Facet Filtration business, and other customary closing conditions; either party may terminate the agreement if closing does not occur by February 10, 2027, subject to certain extensions.

Nov 12, 2025, 11:06 AM

8-K

Parker Hannifin to acquire Filtration Group

M&A

Parker Hannifin signed a definitive agreement to acquire Filtration Group for $9.25 billion in cash, adding approximately $2 billion of recurring filtration sales at a 23.5% adjusted EBITDA margin.
The transaction values Filtration Group at 19.6x expected CY2025 adjusted EBITDA ( 13.4x post $220 million cost synergies) and includes $140 million of incremental cash benefits (NPV) over three years.
Planned funding through new debt and cash on hand will raise pro forma net debt/EBITDA to ~3.0x, with a commitment to deleverage to 2.0x within six quarters, leveraging Parker’s track record of rapid deleveraging.
Combining Filtration Group with Parker’s filtration business creates a ~$5 billion global industrial filtration platform, boosting aftermarket sales by 500 bps and expanding presence in life sciences, HVAC/refrigeration, industrial, and transportation markets.

Nov 11, 2025, 1:30 PM

Transcript

Parker Hannifin to acquire Filtration Group Corporation

M&A

Parker Hannifin signed a definitive agreement to acquire Filtration Group for $9.25 billion in cash, adding $2 billion of recurring filtration sales at a 23.5% adj. EBITDA margin (19.6× CY2025 EBITDA; 13.4× post-synergies).
The deal is expected to deliver $220 million of cost synergies over three years, plus $140 million in NPV cash benefits; it will be funded on a cash-free, debt-free basis with new debt and cash, driving pro forma net debt/adj. EBITDA to ~3× before targeting 2× leverage within six quarters.
Filtration Group boosts Parker’s filtration platform to ~$5 billion in annual revenue, extending its presence in life sciences, HVAC/refrigeration, in-plant/industrial, and transportation markets.
Transaction is projected to be EPS-accretive in year one, achieve synergized EBITDA margins in the mid-30% range, and deliver a high-single-digit ROIC by year five.

Nov 11, 2025, 1:30 PM

Transcript

Earnings Transcripts

Quarterly earnings call transcripts for Parker-Hannifin.

Q2 2026

Jan 29, 2026

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Q1 2026

Nov 6, 2025

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Q4 2025

Aug 7, 2025

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Parker-Hannifin (PH)

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