Parker Hannifin — Fiscal 2027 First Quarter Earnings Summary

Parker Hannifin Corporation reported record first-quarter fiscal 2027 sales of $6.0 billion, representing an 18% increase from the prior year, driven by an 11.5% organic growth rate and the acquisition of Filtration Group Corporation. The company achieved an adjusted segment operating margin of 28.6% and adjusted earnings per share of $8.90, both marking new records for the period. Following this strong performance, Parker raised its full-year fiscal 2027 outlook to include reported sales growth of 16.0% to 19.0% and adjusted earnings per share of $36.45 to $37.25. The firm also highlighted a record backlog of $13.7 billion and double-digit order rates across all business segments.