NYSE$PH
Parker-Hannifin Corp · Q3 2022 earnings
Q3 2022 earnings · · Investor relations
Briefing
Reported record sales and increased adjusted EPS guidance.
Parker-Hannifin reported record third-quarter sales of $4.09 billion, a 9% increase from the previous year. Adjusted earnings per share increased by 17% to a record $4.83. The company has updated its fiscal year 2022 adjusted EPS guidance to $18.00 to $18.30.
- Sales increased 9% to $4.09 billion, with organic sales up 11%.
- Segment operating margin was 20.3% as reported, or 22.7% adjusted.
- Adjusted segment operating margin increased 130 bps vs. prior year.
- EPS were $2.67 as reported, or $4.83 adjusted.
Headline financials
Revenue & EPS history
Parker-Hannifin · Revenue · Quarterly
$4.09B
Revenue by segment
Parker-Hannifin · $632M total across 1 segment · Q3 2022
- Aerospace Systems$632M+5.6%100.0%
Forward guidance
For the fiscal year ending June 30, 2022, the company has updated guidance for earnings per share to the range of $13.00 to $13.30, or $18.00 to $18.30 on an adjusted basis. Guidance assumes organic sales growth of approximately 11% compared with the prior year. COVID-19 related shutdowns in China are estimated to reduce sales by $100 million and EPS by $0.24 in the fourth quarter.
Tailwinds
- Expect to finish the year with a record level of financial performance.
- Solid foundation to achieve new five-year targets for fiscal year 2027.
- Continued progress being made towards meeting all the conditions required to complete the Meggitt acquisition.
- Ongoing transformation of our portfolio.
- Strong alignment with the positive secular trends of aerospace, digital, electrification and clean technologies.
Headwinds
- Supply chain pressures.
- Labor pressures.
- Inflationary pressures.
- COVID-19 related shutdowns in China are estimated to reduce sales by $100 million in the fourth quarter.
- COVID-19 related shutdowns in China are estimated to reduce EPS by $0.24 in the fourth quarter.
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 2022
+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
| Quarter | Report date | Reaction (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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