AI English summary of an SEC filing — figures as filed
The company said sales for the quarter ended December 31, 2023 rose to $4.8 billion, up 3%. Net income was $681.9 million (versus $395.2 million a year earlier), and diluted earnings per share were $5.23 (versus $3.04 a year earlier).
Key points
AI summaryThe company said sales for the quarter ended December 31, 2023 rose to $4.8 billion, up 3%. Net income was $681.9 million (versus $395.2 million a year earlier), and diluted earnings per share were $5.23 (versus $3.04 a year earlier).
Parker-Hannifin said total segment operating margin for Q2 was 21.1% (versus 15.3% a year earlier), or 24.5% on an adjusted basis (versus 21.5% a year earlier), and adjusted earnings per share were $6.15 (versus $4.76 a year earlier).
The company said Aerospace Systems sales rose 15% to $1.3 billion, with operating income of $263.1 million (versus $8.8 million a year earlier), while Diversified Industrial North America sales fell 1% to $2.1 billion in Q2.
Parker-Hannifin said operating cash flow for the 6 months of its fiscal year rose 26% to $1.4 billion, or 14.0% of sales. Debt repayments, net, for the same 6 months totaled $784,847 thousand.
Summary
AI-writtenAnalysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.
Parker-Hannifin 2024 fiscal Q2 sales and net income
The company said sales for the quarter ended December 31, 2023 rose to $4.8 billion, up 3%. Net income was $681.9 million (versus $395.2 million a year earlier), and diluted earnings per share were $5.23 (versus $3.04 a year earlier).
Source · Based on the filing body and exhibits
Adjusted measures and segment operating margins
Parker-Hannifin said total segment operating margin for Q2 was 21.1% (versus 15.3% a year earlier), or 24.5% on an adjusted basis (versus 21.5% a year earlier), and adjusted earnings per share were $6.15 (versus $4.76 a year earlier).
Source · Based on the filing body and exhibits
Segment sales and operating income
The company said Aerospace Systems sales rose 15% to $1.3 billion, with operating income of $263.1 million (versus $8.8 million a year earlier), while Diversified Industrial North America sales fell 1% to $2.1 billion in Q2.
Source · Based on the filing body and exhibits
6-month operating cash flow and debt repayment
Parker-Hannifin said operating cash flow for the 6 months of its fiscal year rose 26% to $1.4 billion, or 14.0% of sales. Debt repayments, net, for the same 6 months totaled $784,847 thousand.
Source · Based on the filing body and exhibits
AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.
Original filing
The filing as submitted to SEC EDGAR. You can check the figures and statements of this summary against it.
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