Parker-Hannifin said net sales in the quarter ended December 31, 2024 decreased due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment. Currency exchange rate changes decreased net sales by approximately $46 million, and divestiture activity decreased net sales by approximately $67 million.

10-QQuarterly reportFiled Jan 31, 2025Period of report Dec 31, 2024Summary published (UTC) Oct 11, 2026

Key points

AI summary

Parker-Hannifin said net sales in the quarter ended December 31, 2024 decreased due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment. Currency exchange rate changes decreased net sales by approximately $46 million, and divestiture activity decreased net sales by approximately $67 million.
The company said gross profit margin increased in the current quarter and the first 6 months of fiscal 2025, citing price increases, favorable product mix, cost containment and benefits from prior-year business realignment activities in both segments as factors, partially offset by decreased volume in the Diversified Industrial Segment.
Parker-Hannifin said operating cash flows for the first 6 months of fiscal 2025 were $1,679 million, an increase of $327 million from $1,352 million in the prior-year period. During the same period, the company made net commercial paper repayments of $515 million, principal payments of $490 million on the Term Loan Facility and an aggregate principal payment of $500 million related to the maturity of medium-term notes.
The company closed the divestiture of its CFC business, which was acquired as part of the Meggitt acquisition, on November 1, 2024 for net proceeds of $555 million, and divested a non-core filtration business for $66 million on the same date. Both businesses were part of the North America businesses of the Diversified Industrial Segment.

Key figures

Quarter ended December 31, 2024

Revenue: $4.7B
Operating income: $992M
Net income: $949M
EPS: $7.25

From the XBRL financial data filed with the SEC · not processed by AI.

Summary

AI-written

Analysis scope · Management's discussion (MD&A)We analyzed the Management's Discussion and Analysis (MD&A) section. Other sections of the report, such as the notes to the financial statements and risk factors, were not reviewed.

Quarterly Net Sales Decline and Segment Performance

Parker-Hannifin said net sales in the quarter ended December 31, 2024 decreased due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment. Currency exchange rate changes decreased net sales by approximately $46 million, and divestiture activity decreased net sales by approximately $67 million.

Source · Based on the MD&A text of the filing

Gross Profit Margin Increase and Company Explanation

The company said gross profit margin increased in the current quarter and the first 6 months of fiscal 2025, citing price increases, favorable product mix, cost containment and benefits from prior-year business realignment activities in both segments as factors, partially offset by decreased volume in the Diversified Industrial Segment.

Source · Based on the MD&A text of the filing

6-Month Operating Cash Flows and Debt Repayments

Parker-Hannifin said operating cash flows for the first 6 months of fiscal 2025 were $1,679 million, an increase of $327 million from $1,352 million in the prior-year period. During the same period, the company made net commercial paper repayments of $515 million, principal payments of $490 million on the Term Loan Facility and an aggregate principal payment of $500 million related to the maturity of medium-term notes.

Source · Based on the MD&A text of the filing

Divestiture of CFC and Non-Core Filtration Businesses

The company closed the divestiture of its CFC business, which was acquired as part of the Meggitt acquisition, on November 1, 2024 for net proceeds of $555 million, and divested a non-core filtration business for $66 million on the same date. Both businesses were part of the North America businesses of the Diversified Industrial Segment.

Source · Based on the MD&A text of the filing

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

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