Record Q1 Sales and Growth
Parker-Hannifin achieved record first quarter sales of $5.1 billion, organic growth of 5%, and 170 basis points of margin expansion, resulting in 27.4% adjusted segment operating margin. Adjusted earnings per share grew 16% and cash flow from operations was $782 million.
Aerospace Systems Success
Aerospace Systems delivered a record $1.6 billion in sales, with a 13% increase versus the prior year and an organic growth rate of 13%. Adjusted segment operating margins increased by 210 basis points to reach 30% for the first time.
Strong Order Growth
Orders increased 8% versus prior year across all reported segments, with international orders rebounding to a 6% increase and aerospace orders rising by 15%.
Updated FY26 Guidance
Full-year guidance was raised for organic sales growth to 4% at the midpoint. Adjusted segment operating margins increased to 27.0%, and adjusted earnings per share was raised to $30 at the midpoint.
Curtis Instruments Acquisition
The acquisition of Curtis Instruments was completed, adding $235 million to sales guidance for the remainder of the fiscal year, contributing to future growth.