Parker sales climb 9% in second quarter
Parker Hannifin Corp., a global provider of motion and control technologies, reported second-quarter sales increased 9% to a record $5.2 billion – and organic sales increased 6.6%.
Net income was $845 million, a decrease of 11% compared with the second quarter of fiscal 2025, which included a one-time after-tax gain from divestitures of $223 million. Adjusted net income increased 15% to $980 million.
“This was another outstanding quarter that reflected the performance of our global team, the power of our business system The Win Strategy™, and the strength of our transformed portfolio,” said Chairman and Chief Executive Officer Jenny Parmentie. “We delivered record sales with organic sales growth of nearly 7% and growth across all reported businesses. Our team expanded adjusted segment operating margin by 150 basis points and delivered an impressive 17% adjusted earnings per share growth. We also announced a definitive agreement to acquire Filtration Group Corporation, expanding our aftermarket business and presence in life sciences, HVAC/R, and in-plant and industrial market verticals. On the strength of our second quarter results, robust aerospace demand, and continued gradual recovery in our industrial markets, we are increasing our outlook for the full year.”
INDUSTRIAL SUPPLY MAGAZINE
The November/December issue of Industrial Supply magazine features an in-depth cover story about Applied Industrial Technologies. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
