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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
Free Cash Flow
“$3,000 to $3,300”
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
*Totals may not foot due to rounding 29   RECONCILIATION OF CASH FLOW FROM OPERATIONS TO FREE CASH FLOW (Unaudited) (Dollars in millions) Fiscal Year 2025 Cash flow from operations $3,400 to $3,700 Less: Capital Expenditures ~(400) Free cash flow $3,000 to $3,300 RECONCILIATION OF FORECASTED EARNINGS PER SHARE (Unaudited) (Amounts in dollars) Fiscal Year 2025 Forecasted earnings per diluted share $22.78 to $23.48 Adjustments: Business realignment charges 0.39 Costs to achieve 0.11 Acquisition-related intangible asset amortization expense 4.21 Gain on sale of building (0.08) Tax effect of adjustments1 (1.07) Adjusted forecasted earnings per diluted share $26.35 to $27.05 RECONCILIATION OF OPERATING INCOME TO ADJUSTED OPERATING INCOME (Unaudited) Fiscal Year 2025 (Amounts in percentages) Forecasted Segment Operating Margin Business Realignment Charges Costs to Achieve Acquisition-Related Intangible Asset Amortization Expense Adjusted Forecasted Segment Operating Margin Diversified Industrial North America Businesses ~23.1% ~0.2% - ~2.0% ~25.3% International Businesses ~21.8% ~0.5% - ~1.5% ~23.9% Aerospace Systems ~22.7% - ~0.2% ~4.9% ~27.9% Parker ~22.6% ~0.2% ~0.1% ~2.7% ~25.7% RECONCILIATION OF ORGANIC GROWTH (Unaudited) Fiscal Year 2025 (Amounts in percentages) Forecasted Net Sales Currency Divestitures Adjusted Forecasted Net Sales Diversified Industrial North America Businesses (6.0%) to (3.0%) ~1.0% ~3.5% (1.5%) to 1.5% International B
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.