Parker Hannifin Earnings: Everything You Must Know Now

Parker Hannifin Corporation (NYSE:PH) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.

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Parker Hannifin Corporation Earnings Cheat Sheet

Results: Adjusted Earnings Per Share decreased 16.42% to $1.68 in the quarter versus EPS of $2.01 in the year-earlier quarter.

Revenue: Decreased 2.55% to $3.31 billion from the year-earlier quarter.

Actual vs. Wall St. Expectations: Parker Hannifin Corporation reported adjusted EPS income of $1.68 per share. By that measure, the company beat the mean analyst estimate of $1.67. It missed the average revenue estimate of $3.35 billion.

Quoting Management: “The fundamentals of our business remain very strong despite a mediocre global economic environment,” said Chairman, CEO and President, Don Washkewicz. “I am particularly pleased that we were able to deliver such strong total segment operating margins of 14 percent this quarter. We also continue to drive high levels of operating cash flow, which has allowed us the flexibility to announce our second consecutive quarterly dividend increase this year. This puts our fiscal 2013 dividend increase at 10 percent. We have now extended our long-standing annual dividend increase record to 57 consecutive fiscal years, which is among the top five longest running dividend-increase records in the S&P 500 index, and we have more than doubled our annual payout in the past five years.”

Key Stats (on next page)…

Revenue increased 7.88% from $3.07 billion in the previous quarter. EPS increased 41.18% from $1.19 in the previous quarter.

Looking Forward: Analysts have a more positive outlook for the company’s next-quarter performance. Over the past three months, the average estimate for next quarter’s earnings has risen from a profit of $1.97 to a profit $1.99. For the current year, the average estimate is a profit of $6.43, which is the same with that ninety days ago.

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(Company fundamentals provided by Xignite Financials. Email any earnings discrepancies to earnings [at] wallstcheatsheet.com)

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