- Parker-Hannifin press release ( NYSE: PH ): Q2 Non-GAAP EPS of $4.76 beats by $0.30 .
- Revenue of $4.67B (+22.3% Y/Y) beats by $230M .
- The company expects fiscal 2023 organic sales growth to be in the range of 6% to 8% and earnings per share in the range of $13.50 to $14.00, or $19.20 to $19.70 vs. consensus of $19.12.
- CEO comment: "We expect another year of record performance in fiscal 2023. Longer term, we feel very positive about our plans to deliver $300 million of synergies from the acquisition of Meggitt and remain committed to our fiscal year 2027 financial targets. We have a bright future ahead driven by our business system The Win Strategy™, a transformed portfolio and secular growth trends.”
- Shares up 2% PM.
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Parker-Hannifin Non-GAAP EPS of $4.76 beats by $0.30, revenue of $4.67B beats by $230M