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Parker Hannifin — Oct 31, 2024 release

Fiscal 2025 first-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000076334-24-000062
Open on SEC.gov ↗
Showing in the filing
Aerospace Systems Segment Sales Growth (Organic)
“8.5% - 11.5%”
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
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 Margin  Supplemental Sales Information – Global Technology Platforms  Reconciliation of FY25 Guidance 20   FY25 Guidance Details Sales Growth vs. Prior Year As Reported Organic1 Diversified Industrial Segment North America Businesses (6%) – (3%) (1.5%) - 1.5% International Businesses 2% - 5% 0% - 3% Aerospace Systems Segment 9% - 12% 8.5% - 11.5% Parker 0.5% - 3.5% 1.5% - 4.5% Segment Operating Margins As Reported Adjusted1 Diversified Industrial Segment North America Businesses ~23.1% ~25.3% International Businesses ~21.8% ~23.9% Aerospace Systems Segment ~22.7% ~27.9% Parker ~22.6% ~25.7% Earnings Per Share As Reported Adjusted1 Midpoint $23.13 $26.70 Range $22.78 - $23.48 $26.35 - $27.05 1. Includes certain non-GAAP adjustments and financial measures. Detail of Pre-Tax Adjustments to: Segment Margins Below Segment Acquired Intangible Asset Amortization ~$550M — Business Realignment Charges ~$50M ~$0.6M Integration Costs to Achieve ~$15M — Gain on Sale of Building __ (~$10.5M) 21 Additional Items As Reported Corporate G&A ~$215M Interest Expense ~$415M Other (Income) Expense ~$70M Reported Tax Rate ~22.5% Diluted Shares Outstanding ~130.7M Reflects Expected Divestiture Activity in the Diversified Industrial Segment, North America Businesses   Reconciliation of Organic Growth 22 (Dollars in thousands) (Unaudited) Quarter-to-Date As Reported Adjusted As Reported Net Sales September 30, 2024 September 30, 2024 September 30, 2023 Diversified Industrial 3,456,158$ 9,457$ 7,352$ 3,472,967$ 3,618,528$ Aerospace Sy
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.