Parker sales up 1.2% for Q1 of new fiscal year
Parker Hannifin Corp. reported its Q1 sales for fiscal year 2025 increased 1.2% to $4.9 billion; organic sales growth was 1.4%.
Net income was $698 million, an increase of 7%, or $810 million adjusted, an increase of 4%.
“Through continued execution of "The Win Strategy," our global team produced outstanding results in the first quarter,” said Chairman and Chief Executive Officer Jenny Parmentier. “We delivered records for sales, adjusted segment operating margin, adjusted earnings per share and year-to-date cash flow from operations.
"Our performance also reflects the strength of our transformed portfolio with our Aerospace Systems segment achieving exceptional results. Looking ahead to the full year, we anticipate near-term pressure in select industrial markets and accelerating growth in aerospace. Reflecting these conditions and our strong first quarter performance, we have raised our outlook for segment operating margin and earnings per share. We remain committed to our fiscal 2029 targets and continue to see a very promising future for Parker.”
Outlook
Guidance for the fiscal year ending June 30, 2025 has been updated and now reflects divestiture activity in the Diversified Industrial Segment, North America Businesses expected to be completed during the second quarter of fiscal 2025. The company now expects:
Total sales growth in fiscal 2025 of 0.5% to 3.5%, with organic sales growth of 1.5% to 4.5%; divestitures of (1.5%) and favorable currency of 0.5%.
INDUSTRIAL SUPPLY MAGAZINE
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