Reports Q2 revenue $4.675B, consensus $4.44B. "This was another quarter that highlights the consistency with which Parker is able to achieve record levels of performance," said Chief Executive Officer, Jenny Parmentier. "Our results include the first full quarter of the Meggitt acquisition, which performed very well as our integration teams continue to make great progress. Overall organic sales growth was impressive, with increased organic sales in every segment. Our strong sales and segment margin performance contributed to record adjusted earnings per share for the quarter. Our team continues to drive excellent performance."
Published first on TheFly
See Insiders’ Hot Stocks on TipRanks >>
Read More on PH:
- Parker Reports Fiscal 2023 Second Quarter Results
- Parker Declares Quarterly Cash Dividend
- Parker to Announce Fiscal 2023 Second Quarter Earnings on February 2nd; Conference Call and Webcast Scheduled for 11 a.m. Eastern
- Parker-Hannifin price target raised to $310 from $300 at Mizuho
- Street Wrap: Today’s Top 15 Upgrades, Downgrades, Initiations
