Parker Hannifin Unveils Five-Year Targets Through FY29 That Include 4-6% Organic Sales Growth CAGR
Portfolio Pulse from Benzinga Newsdesk
Parker Hannifin has announced ambitious five-year targets through fiscal year 2029, including 4-6% organic sales growth CAGR, a 27% adjusted segment operating margin, a 28% adjusted EBITDA margin, a 17% free cash flow margin, and a 10%+ adjusted earnings per share CAGR.
May 16, 2024 | 9:21 pm
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Parker Hannifin has set ambitious five-year targets through FY29, including significant improvements in organic sales growth, operating margin, EBITDA margin, free cash flow margin, and adjusted EPS CAGR.
The announcement of these ambitious targets is likely to positively impact Parker Hannifin's stock price in the short term as it demonstrates strong growth potential and improved financial performance metrics.
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