$PH · Parker-Hannifin Corp
Parker-Hannifin reported Q1 FY2027 (ended September 30, 2026) results: net sales $5.992B, up 18% YoY (organic +11.5%, acquisitions +7%). Net income was $884M (GAAP diluted EPS $6.92), with adjusted net income of $1.138B and record adjusted EPS of $8.90, up 23%. Segment operating margin was 24.4% GAAP and 28.6% adjusted (+120 bps). The company completed the Filtration Group acquisition and raised FY27 guidance for organic sales growth, adjusted segment operating margin, adjusted EPS, and free cash flow.
- Record Q1 sales of $5.992B, up 18% YoY; organic growth 11.5%
- Adjusted EPS $8.90, up 23%; GAAP diluted EPS $6.92, up 10%
- Record backlog of $13.7B; rolling 12-month order rates +13%
- Completed Filtration Group acquisition; goodwill rose to $16.2B from $11.1B
- FY27 adjusted EPS guidance raised to $36.45–$37.25
Extended-hours last trade $972.96, +6.90% vs regular close of $910.19, signaling a positive after-hours reaction to the beat and raised guidance.
Record results, a 23% adjusted EPS jump, and a raised full-year outlook confirm accelerating demand across industrial and aerospace end markets.
Double-digit organic growth across all market verticals and record aerospace backlog reflect broad industrial and aerospace demand strength.
Integration risk from Filtration Group and pending CIRCOR aerospace acquisition; IEEPA tariff-related returns reduced Q1 net sales by $27M.