Parker-Hannifin Q1 sales beat estimates on strong demand, Filtration Group deal

Parker-Hannifin

05/11/2026 12:42

Overview
U.S. motion and control tech firm's fiscal Q1 sales rose 18%, beating analyst expectations
Adjusted EPS for fiscal Q1 grew 23%, beating analyst expectations
Company raised full-year guidance for organic sales, margins, adjusted EPS and free cash flow

Outlook
Company raises FY27 guidance for organic sales growth, margin, EPS and free cash flow
Parker-Hannifin projects FY27 adjusted EPS of $36.45 to $37.25
Parker-Hannifin expects FY27 organic sales growth of 7.5% to 10.5%; reported sales growth of 16.0% to 19.0% 

Result Drivers
BROAD-BASED DEMAND - Co said increased demand across all market verticals drove double-digit organic sales growth and record backlog
ACQUISITION IMPACT - Filtration Group acquisition expanded filtration and aftermarket business, contributing to sales growth
STRATEGY EXECUTION - Co said execution of its operating strategy and strong market conditions supported record margins and adjusted EPS

Company press release: ID:nGNX3tsKtn

Key Details
Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Beat
$5.99 bln
$5.73 bln (19 Analysts)
Q1 Adjusted EPS
Beat
$8.90
$8.19 (22 Analysts)
Q1 EPS
 
$6.92
 
Q1 Net Income
 
$0.9 bln
 

Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy", 7 "hold" and no "sell" or "strong sell"
The average consensus recommendation for the industrial machinery & equipment peer group is "buy"
Wall Street's median 12-month price target for Parker-Hannifin Corporation is $1,210.00, about 32.9% above its November 4 closing price of $910.19
The stock recently traded at 25 times the next 12-month earnings vs. a P/E of 29 three months ago

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For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.

(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)