Parker-Hannifin Q4 Earnings: Aerospace Segment Shines, Upbeat Annual Outlook, Stock Soars
Portfolio Pulse from Akanksha Bakshi
Parker-Hannifin Corp (NYSE:PH) reported strong Q4 2024 results with a 2% sales growth and a 3% organic growth, beating consensus estimates. The Aerospace Systems segment showed a 19.2% increase in sales. The company provided an optimistic outlook for 2025, expecting sales growth of 1.5%-4.5% and adjusted EPS of $26.30-$27.00. PH shares surged 9.44% following the announcement.
August 08, 2024 | 1:48 pm
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Parker-Hannifin Corp reported strong Q4 2024 results, with a 2% sales growth and a 3% organic growth, beating consensus estimates. The Aerospace Systems segment showed a 19.2% increase in sales. The company provided an optimistic outlook for 2025, expecting sales growth of 1.5%-4.5% and adjusted EPS of $26.30-$27.00. PH shares surged 9.44% following the announcement.
The strong Q4 results and optimistic 2025 outlook indicate robust future performance, leading to a significant 9.44% increase in PH shares. The Aerospace Systems segment's 19.2% sales growth is particularly noteworthy.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100