PH - Why Motion & Control Technologies Provider Parker-Hannifin Shares Are Higher Today | Benzinga
Parker-Hannifin Corp (NYSE:PH) shares are trading higher after the company reported better-than-expected second-quarter FY24 results and raised FY24 guidance.
Sales growth of 3.1% Y/Y to $4.821 billion and +2.9% on an organic basis, beating the consensus of $4.815 billion.
Orders increased 2% Y/Y, with a 4% decrease in Diversified Industrial North American businesses and 5% decline in Diversified Industrial International businesses.
Orders increased by 21% Y/Y in the Aerospace Systems Segment on a rolling 12-month average basis.
Adjusted EPS improved to $6.15 from $4.76 in the second ...