Parker-Hannifin reported record fiscal 2026 results, with full-year sales of $21.5 billion and fourth-quarter revenue of $5.8 billion. GAAP net income for FY26 was $3.6 billion and diluted EPS for the quarter was $8.54 (adjusted diluted EPS $9.27 for Q4). The company issued FY27 guidance and raised its long-term adjusted segment operating margin target to 30% by FY31.

Financial Highlights

  • Revenue: Q4 net sales $5,755 million; Fiscal 2026 net sales $21,499 million (record).
  • Gross-related figures: Cost of sales for Q4 $3,508 million and for FY26 $13,397 million (cost of sales reported in statements).
  • Operating income / segment results: Total segment operating income Q4 $1,524 million; FY26 total segment operating income $5,273 million.
  • Net income: Q4 net income $1,092 million; Fiscal 2026 net income $3,649 million (net income attributable to common shareholders $3,648 million).
  • Adjusted diluted EPS: Q4 adjusted diluted EPS $9.27; Fiscal 2026 adjusted diluted EPS $32.31. GAAP diluted EPS: Q4 $8.54; FY26 $28.48.

Business Highlights

  • Organic growth: Q4 organic sales growth 8.0% company-wide; FY26 organic sales growth 6.6%.
  • Segment performance: Diversified Industrial and Aerospace Systems both delivered record adjusted segment operating margins in the quarter; Aerospace Systems sales rose 13.4% in Q4 and backlog increased to a record $8.5 billion.
  • Order momentum: Company reported strong order rates in Q4—Parker +19%; Diversified North America +16%; Diversified International +24%; Aerospace Systems +18%—and backlog reached a record $12.8 billion.
  • Portfolio activity: Completed acquisition of Curtis Instruments and announced agreements to acquire Filtration Group and CIRCOR's Commercial & Defense Aerospace business; integration and acquisition-related activities included in adjusted metrics.
  • Capital deployment and cash flow: Record cash flow from operations of $4.4 billion (20.3% of sales) for FY26 and returned nearly $2.0 billion to shareholders via repurchases and dividends; annual dividend increased 11%.

Original SEC Filing:

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