Parker Hannifin — Oct 31, 2024 release

Previous Guidance Aerospace & Defense 33% HSD  Raising guidance on aftermarket strength  Diversified customer base ~10% In-Plant & Industrial 20% LSD  Near term delays in projects & CapEx  Positive channel sentiment LSD Transportation 15% LSD  Lower automotive production forecast  Heavy duty & work truck demand remains positive LSD Off-Highway 15% (MSD)  OEM destocking continues  Higher interest rates continue to impact Ag (HSD) Energy 8% LSD  Near term delays in projects & CapEx  Lower oil prices continue to impact outlook Neutral HVAC/R 4% LSD  Regulatory changes driving growth LSD 15 FY25 Sales Growth Forecast by Key Market Verticals Current FY25 Organic: 1.5% - 4.5%   FY25 Guidance Update Reflects Expected Divestiture Activity 1. Includes certain non-GAAP adjustments and financial measures. See Appendix for additional details and reconciliations. 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 F