$PH · Parker-Hannifin Corp
Parker-Hannifin reported Q1 FY2027 (ended September 30, 2026) net sales of $5.99B, up 17.9% from $5.08B a year earlier. Net income rose to $884M from $808M, with diluted EPS of $6.92 versus $6.29. The quarter included the August 13, 2026 acquisition of Filtration Group Corporation for approximately $9.1B net of cash, which contributed $281M in net sales during the period.
- Net sales rose 17.9% to $5.99B; net income $884M vs $808M.
- Diluted EPS $6.92 vs $6.29; operating margin 23.5%.
- Filtration Group acquired Aug 13, 2026 for ~$9.1B net of cash, adding $281M sales.
- Total assets jumped to $41.93B from $30.88B; long-term debt to $12.73B from $6.77B.
- Backlog at $13.7B, ~72% expected recognized within 12 months.
Price data unavailable.
A $9.1B acquisition drove double-digit revenue and EPS growth while nearly doubling the balance sheet, signaling aggressive M&A-led expansion.
Parker's aerospace and filtration expansion mirrors industrial peers consolidating into higher-margin, flight-critical and life-sciences verticals.
FGC purchase price allocation is preliminary and subject to revision during the 12-month measurement period, which could materially impact results. Expects ~$75M in additional business realignment charges in Diversified Industrial during the remainder of fiscal 2027.