2024-02-07 03:32:24 ET
Summary
- Parker-Hannifin Corporation reported Q2 2024 results, with a beat on EPS but a slight miss on revenue.
- The Aerospace segment showed exceptional performance with 15% organic growth and margin expansion.
- The Diversified Industrial segment experienced challenges but is expected to recover in the second half of the year.
- Despite valuation creeping up over the years, an improvement in margins and strong long-term outlook make shares a buy.
Introduction
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Parker-Hannifin: Takeoff Has Already Begun