Parker Reports Fiscal 2021 Second Quarter Results
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Parker-Hannifin (PH) Tops Q2 EPS by 64c, Revenues Beat; Raises FY21 EPS Guidance
February 4, 2021 7:36 AM ESTParker-Hannifin (NYSE: PH) reported Q2 EPS of $3.44, $0.64 better than the analyst estimate of $2.80. Revenue for the quarter came in at $3.41 billion versus the consensus estimate of $3.22 billion.
Second quarter record net income of $447.3 million, EPS at $3.41 as reported, or $3.44 adjustedSecond quarter record total segment operating margin of 17.4% as reported, or 20.4% adjustedSecond quarter EBITDA margin was 23.1% as reported, or 20.8% adjustedCash flow from operations was a Q2 YTD record at $1.35 billion, or 20.4% of salesCumulative debt reduction reaches approximately $2.8 billion in the last 14 monthsCompany increases fiscal 2021 EPS guidance midpoint to $12.15 as... More