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Parker Hannifin — Jan 30, 2025 release

Fiscal 2025 second-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0000076334-25-000007
Open on SEC.gov ↗
Showing in the filing
Off-Highway (Current FY25)
“(HSD)”
Period
FY2025
Measure
Company-defined measure
Source
Guidance table
All guidance in this release · 58
Aerospace & Defense (Current FY25) for FY2025
“~11%”
Aerospace & Defense Sales Growth (Current FY… for FY2025
“~11%”
In-Plant & Industrial (Current FY25) for FY2025
“LSD”
In-Plant & Industrial Sales Growth (Current … for FY2025
“LSD”
Off-Highway (Current FY25) for FY2025
“(HSD)”
FY25 Organic Forecast for FY2025
“~2%”
EPS Midpoint Adjusted for FY2025
“$26.70”
Parker Sales Growth As Reported for FY2025
“(2%) – 1%”
Reported Sales Growth for FY2025
“(2%) - 1%”
Reported Sales Growth Assumption - Currency for FY2025
“unfavorable (~1%)”
Currency unfavorable for FY2025
“(~1%)”
Divestitures impact for FY2025
“(~1.5%)”
Reported Sales Growth Assumption - Divestitu… for FY2025
“(~1.5%)”
Organic Sales Growth for Q3 FY2025
“~1.5%”
Reported Sales for Q3 FY2025
“~$4.9B”
Organic Sales Growth Assumption - Aerospace … for FY2025
“11%”
Adj. Operating Margin for FY2025
“~25.8%”
Parker Segment Operating Margin Adjusted for FY2025
“~25.8%”
Adj. Operating Margin Assumption - margin ex… for FY2025
“90 bps”
Adj. Operating Margin for Q3 FY2025
“~25.6%”
Adj. EPS for FY2025
“$26.40 - $27.00”
Tax rate for FY2025
“~22%”
Tax Rate Adjusted for FY2025
“~22%”
Adj. EPS for Q3 FY2025
“$6.65”
Free Cash Flow for FY2025
“$3.0B - $3.3B”
CapEx for FY2025
“~2% of sales”
Free Cash Flow Assumption - CapEx for FY2025
“~2% of sales”
Organic Sales Growth for FY2025
“~2%”
FCF Conversion for FY2025
“>100%”
Free Cash Flow Assumption - FCF Conversion for FY2025
“>100%”
Diversified Industrial - North America Busin… for FY2025
“(8%) – (5%)”
North America Businesses Sales Growth As Rep… for FY2025
“(8%) – (5%)”
Diversified Industrial - North America Busin… for FY2025
“(4%) – (1%)”
International Businesses Sales Growth As Rep… for FY2025
“(4%) – (1%)”
North America Businesses Sales Growth Organic for FY2025
“(4%) – (1%)”
International Businesses Sales Growth Organic for FY2025
“(1.5%) – 1.5%”
Aerospace Systems Segment Sales Growth As Re… for FY2025
“9.5% – 12.5%”
Parker Sales Growth Organic for FY2025
“0.5% – 3.5%”
North America Businesses Segment Operating M… for FY2025
“~23.2%”
North America Businesses Segment Operating M… for FY2025
“~25.4%”
International Businesses Segment Operating M… for FY2025
“~21.9%”
International Businesses Segment Operating M… for FY2025
“~24.1%”
Aerospace Systems Segment Operating Margin A… for FY2025
“~22.8%”
Aerospace Systems Segment Operating Margin A… for FY2025
“~28.0%”
Parker Segment Operating Margin As Reported for FY2025
“~22.7%”
EPS Midpoint As Reported for FY2025
“$24.76”
EPS Range As Reported for FY2025
“$24.46 - $25.06”
EPS Range Adjusted for FY2025
“$26.40 - $27.00”
Corporate G&A As Reported for FY2025
“~$215M”
Interest Expense Adjusted for FY2025
“~$405M”
Interest Expense As Reported for FY2025
“~$405M”
Other (Income) Expense As Reported for FY2025
“(~$215M)”
Other (Income) Expense Adjusted for FY2025
“~$45M”
Tax Rate As Reported for FY2025
“~21%”
Diluted Shares Outstanding for FY2025
“~130.7M”
Forecasted earnings per diluted share (As Re… for Q3 FY2025
“~$5.71”
Cash flow from operations for FY2025
“$3,400 to $3,700”
Capital Expenditures for FY2025
“~(400)”
Exhibit 99.1 · the passage around this item
… earlier in the release
Previous Guidance Aerospace & Defense 33% ~10%  Aftermarket strength continues  Gradual OEM rate increase ~11% In-Plant & Industrial 20% LSD  Continued delays in expected industrial recovery  Distribution expecting recovery LSD Transportation 15% LSD  Automotive market weakness  Work truck demand remains strong Neutral Off-Highway 15% (HSD)  OEM destocking continues  Ag weakness persists (Mid-Teens) Energy 8% Neutral  Projects & CapEx delays continue Neutral HVAC/R 4% LSD  Refrigerant changes driving growth MSD 8 FY25 Sales Growth Forecast by Key Market Verticals FY25 Organic Forecast: ~2%   Summary of Fiscal 2025 2nd Quarter Highlights   FY25 Q2 Financial Summary 1. Sales figures As Reported. Includes certain non-GAAP adjustments and financial measures. See Appendix for additional details and reconciliations. Note: FY24 Q2 As Reported: Segment Operating Margin of 21.1%, EBITDA Margin of 25.4%, Net Income of $682M, EPS of $5.23. 10 $ Millions, except per share amounts FY25 Q2 FY25 Q2 FY24 Q2 YoY Change As Reported Adjusted¹ Adjusted¹ Adjusted Sales $4,743 $4,743 $4,821 (1.6%) Segment Operating Margin 22.1% 25.6% 24.5% +110 bps EBITDA Margin 31.5% 26.8% 25.7% +110 bps Net Income $949 $853 $802 +6.3% EPS $7.25 $6.53 $6.15 +6.2%   FY25 Q2 Adjusted Earnings per Share Bridge 1. FY24 Q2 As Reported EPS of $5.23. FY25 Q2 As Reported EPS of $7.25. Includes certain non-GAAP adjustments and financial measures. See Appendix for additional details and reconciliations. 11 $5.16 $6.13
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.