Parker Hannifin — Oct 31, 2024 release
Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000076334-24-000062
Showing in the filing
Incremental margin
“~70%”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 71
Organic Sales Growth for Q2 FY2025
“1%”
Organic Sales Growth (FY25 Q2 Midpoint) for Q2 FY2025
“1%”
Aerospace & Defense (Current FY25) for FY2025
“~10%”
Aerospace & Defense Sales Growth (Current FY… for FY2025
“~10%”
In-Plant & Industrial (Current FY25) for FY2025
“LSD”
Off-Highway (Current FY25) for FY2025
“(HSD)”
In-Plant & Industrial Sales Growth (Current … for FY2025
“LSD”
Current FY25 Organic for FY2025
“1.5% - 4.5%”
Current FY25 Organic Sales Growth Forecast for FY2025
“1.5% - 4.5%”
Organic Sales Growth for FY2025
“1.5% - 4.5%”
Parker Sales Growth Organic for FY2025
“1.5% - 4.5%”
Parker Sales Growth As Reported for FY2025
“0.5% - 3.5%”
Reported Sales for FY2025
“0.5% - 3.5%”
Currency impact on Reported Sales assumption for FY2025
“favorable 0.5%”
Currency favorable for FY2025
“0.5%”
Divestiture activity impact for FY2025
“(~1.5%)”
Divestiture activity impact on Reported Sale… for FY2025
“(~1.5%)”
Divestiture activity impact on Diversified I… for FY2025
“(3.5%)”
Reported Sales for Q2 FY2025
“$4.8B”
Reported Sales (FY25 Q2 Midpoint) for Q2 FY2025
“$4.8B”
Raised Aerospace organic growth to for FY2025
“10%”
Adj. Operating Margin for FY2025
“~25.7%”
Parker Segment Operating Margin Adjusted for FY2025
“~25.7%”
Adj. Operating Margin expansion assumption for FY2025
“80 bps”
Margin expansion for FY2025
“80 bps”
Adj. Operating Margin incremental margin ass… for FY2025
“~70%”
Incremental margin for FY2025
“~70%”
Adj. Operating Margin for Q2 FY2025
“~25.2%”
Adj. Operating Margin (FY25 Q2 Midpoint) for Q2 FY2025
“~25.2%”
Adj. EPS for FY2025
“$26.35 - $27.05”
Reported Tax Rate for FY2025
“~22.5%”
Tax rate for FY2025
“~22.5%”
Tax rate assumption for FY2025
“~22.5%”
Adj. EPS for Q2 FY2025
“$6.15”
Adj. EPS (FY25 Q2 Midpoint) for Q2 FY2025
“$6.15”
CapEx for FY2025
“~2% of sales”
CapEx assumption (% of sales) for FY2025
“~2% of sales”
FCF Conversion for FY2025
“>100%”
FCF Conversion assumption for FY2025
“>100%”
Previous FY25 As Reported EPS midpoint for FY2025
“$23.00”
Diversified Industrial - North America Busin… for FY2025
“(6%) – (3%)”
North America Businesses Sales Growth As Rep… for FY2025
“(6%) – (3%)”
Diversified Industrial - North America Busin… for FY2025
“(1.5%) - 1.5%”
North America Businesses Sales Growth Organic for FY2025
“(1.5%) - 1.5%”
Diversified Industrial - International Busin… for FY2025
“2% - 5%”
International Businesses Sales Growth As Rep… for FY2025
“2% - 5%”
Diversified Industrial - International Busin… for FY2025
“0% - 3%”
International Businesses Sales Growth Organic for FY2025
“0% - 3%”
Aerospace Systems Segment Sales Growth As Re… for FY2025
“9% - 12%”
Aerospace Systems Segment Sales Growth (Orga… for FY2025
“8.5% - 11.5%”
North America Businesses Segment Operating M… for FY2025
“~23.1%”
North America Businesses Segment Operating M… for FY2025
“~25.3%”
International Businesses Segment Operating M… for FY2025
“~21.8%”
International Businesses Segment Operating M… for FY2025
“~23.9%”
Aerospace Systems Segment Operating Margin A… for FY2025
“~22.7%”
Aerospace Systems Segment Operating Margin A… for FY2025
“~27.9%”
Parker Segment Operating Margin As Reported for FY2025
“~22.6%”
Current FY25 As Reported EPS midpoint for FY2025
“$23.13”
Earnings Per Share Midpoint (As Reported) for FY2025
“$23.13”
EPS Midpoint As Reported for FY2025
“$23.13”
Earnings Per Share Midpoint (Adjusted) for FY2025
“$26.70”
EPS Midpoint Adjusted for FY2025
“$26.70”
Earnings Per Share Range (As Reported) for FY2025
“$22.78 - $23.48”
EPS Range As Reported for FY2025
“$22.78 - $23.48”
EPS Range Adjusted for FY2025
“$26.35 - $27.05”
Corporate G&A for FY2025
“~$215M”
Interest Expense for FY2025
“~$415M”
Other (Income) Expense for FY2025
“~$70M”
Diluted Shares Outstanding for FY2025
“~130.7M”
Cash flow from operations for FY2025
“$3,400 to $3,700”
Free Cash Flow for FY2025
“$3,000 to $3,300”
Exhibit 99.1 · the passage around this item
… earlier in the release
16 Guidance Metric FY25 Full Year Full Year Assumptions FY25 Q2 Midpoint Reported Sales 0.5% - 3.5% Currency favorable 0.5% Divestiture activity impact (~1.5%) Divestiture activity impact on Diversified Industrial, North America Businesses (3.5%) $4.8B Organic Sales Growth1 1.5% - 4.5% Raised Aerospace organic growth to 10% Assumes near term industrial pressure 1% Adj. Operating Margin1 ~25.7% All segments expected to expand margins 80 bps margin expansion ~70% incremental margin ~25.2% Adj. EPS1 $26.35 - $27.05 Full year tax rate ~22.5% Split: 1H: 46% | 2H: 54% $6.15 Free Cash Flow1 $3.0B - $3.3B CapEx: ~2% of sales FCF Conversion >100% - -
FY25 Adjusted Earnings per Share Guidance Bridge 1. Previous FY25 As Reported EPS Guidance midpoint of $23.00. Current FY25 As Reported EPS Guidance midpoint of $23.13. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 17 $26.65 $26.70 Reflects expected divestiture activity
What Drives Parker Safety, Engagement, Ownership Living up to Our Purpose Top Quartile Performance Great Generators & Deployers of Cash 18
Upcoming Event Calendar FY25 Q2 Earnings Release January 30, 2025 FY25 Q3 Earnings Release May 1, 2025 FY25 Q4 Earnings Release August 7, 2025
Appendix FY25 Guidance Details Reconciliation of Organic Growth Adjusted Amounts Reconciliation – Consolidated Adjusted Amounts Reconciliation – Segment Operating Income Reconciliation of EBITDA to Adjusted EBITDA Reconciliation of Net Debt to Adjusted EBITDA Reconciliation of Free Cash Flow Ma
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.