NYSE$PH

Parker-Hannifin Corp · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Reported strong results despite global disruption, withdrew fiscal year 2020 full year guidance.

Parker Hannifin reported a strong third quarter with sales of $3.70 billion, despite an organic sales decline of 7.4%. Adjusted EBITDA margin improved to 19.3%. The company withdrew its fiscal year 2020 earnings guidance due to the uncertain environment.

  • EPS were $2.83 as reported, or $2.92 adjusted.
  • Total segment operating margin was 15.8% as reported, or 16.9% adjusted.
  • EBITDA margin was 18.2% as reported, or 19.3% adjusted.
  • Cash flow from operations was a Q3 YTD record at $1.3 billion and reached 12.3% of sales.

Headline financials

Total Revenue

$3.7B

Previous: $3.69B+0.4%
EPS (adj)

$2.92

Previous: $3.17-7.9%
Capital Expenditures

-$183M

Previous: -$145M-25.8%
Free Cash Flow

$185M

Previous: $266M-30.6%
Net Income

$367M

Previous: $411M-10.7%
Operating Income

$536M

Previous: $598M-10.5%
Gross Profit

$936M

Previous: $921M+1.6%
Cash & Equivalents

$698M

Previous: $1.1B-36.5%
Total Assets

$20.4B

Previous: $15.5B+31.6%
Stock-Based Comp

$18.8M

Previous: $19.9M-5.6%

Revenue & EPS history

Parker-Hannifin · Revenue · Quarterly

$3.7B

Q3 2020+0.4%vs Q3 2019
Beat estimate in 16 of 16 quarters(100%)
ActualEstimate

Revenue by segment

Parker-Hannifin · $745M total across 1 segment · Q3 2020

  • Aerospace Systems
    $745M+14.2%

Forward guidance

Due to the current environment making it difficult to forecast results with any reasonable amount of accuracy, the company is withdrawing its earnings guidance for fiscal year 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q3 2020

Historical avgQ3 2020

+1.1%

Avg return

Earnings day

+2.8%

Avg return

5 days after

+4.0%

Avg return

30 days after

55%

39 / 71 earnings

Positive

+11.2%

Q4 2024

Best reaction

-7.0%

Q1 2012

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q3 2026+0.1%-7.9%-10.9%
Q2 2026+3.6%+5.2%+10.1%
Q1 2026+7.7%+10.8%+13.7%
Q3 2025+0.8%+1.5%+9.9%
Q2 2025+5.7%+3.6%+0.4%
Q1 2025+1.7%+4.7%+12.6%
Q4 2024+11.2%+11.5%+11.5%
Q3 2024-1.2%+1.3%-2.1%
Q2 2024+9.9%+10.1%+15.8%
Q1 2024+8.3%+9.9%+18.8%
Q4 2023+2.0%+4.7%+4.1%
Q3 2023+3.1%+4.9%+5.4%
Q2 2023+6.5%+6.2%+9.5%
Q1 2023+5.4%+5.5%+4.9%
Q4 2022+1.0%-0.1%-8.7%
Q3 2022-6.6%-8.5%-4.7%
Q2 2022-5.2%-4.7%-11.2%
Q1 2022+7.1%+8.4%+0.4%
Q4 2021-1.6%-1.5%-4.4%
Q3 2021-1.6%-1.6%-3.4%
Q2 2021+3.0%+1.6%+10.6%
Q1 2021+9.0%+19.8%+26.5%
Q4 2020+6.5%+12.3%+11.7%
Q3 2020-2.4%-2.1%+14.7%
Q2 2020-1.7%+3.6%-7.2%
Q1 2020+1.0%+2.4%+2.5%
Q4 2019-3.5%-4.6%-5.3%
Q3 2019-0.1%-3.7%-15.4%
Q2 2019-0.4%+0.7%+6.7%
Q1 2019+6.6%+10.2%+13.5%
Q4 2018+4.1%+5.1%+6.0%
Q3 2018-2.3%-0.2%+5.3%
Q2 2018-5.4%-7.2%-12.8%
Q1 2018+1.9%+1.9%+2.8%
Q4 2017-0.0%-1.6%-0.9%
Q3 2017-2.3%-3.1%-3.2%
Q2 2017+3.3%+1.7%+8.0%
Q1 2017-1.6%-0.8%+10.8%
Q4 2016+6.4%+7.2%+8.6%
Q3 2016+3.1%
Q2 2016+4.1%
Q1 2016+1.3%
Q4 2015-0.2%
Q3 2015-4.2%
Q2 2015-4.6%
Q1 2015+5.7%
Q4 2014-4.5%
Q3 2014+3.4%
Q2 2014-6.4%
Q1 2014+7.7%
Q4 2013-2.8%
Q3 2013-0.7%
Q2 2013+2.1%
Q1 2013-0.2%
Q4 2012-1.5%
Q3 2012+1.8%
Q2 2012+3.4%
Q1 2012-7.0%
Q4 2011+7.6%
Q3 2011-1.5%
Q2 2011-0.4%
Q1 2011-0.1%
Q4 2010+1.7%
Q4 2008+1.7%
Q3 2010-5.1%
Q3 2009-5.1%
Q2 2010-4.1%
Q2 2009-4.1%
Q4 2009+1.8%
Q1 2010+1.8%
Q1 2009+1.8%

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