Parker-Hannifin (PH) reported net income of $884 million in fiscal Q1 2027, ended September 30, 2026, up 9% from the same period a year earlier ($808 million). Earnings per share (EPS) were $6.92, up 10%. Adjusted net income (non-GAAP, excludes items the company considers non-recurring) was $1.1 billion, up 23%, and adjusted EPS rose 23% to $8.90.
Revenue totaled $6.0 billion ($5.992 billion), up 18%. Organic growth (excluding acquisitions and currency effects) was 11.5%, and acquisitions added 7%. Segment operating margin was 24.4%, up 20 basis points, and adjusted margin was 28.6%, up 120 basis points. The company also completed the acquisition of Filtration Group Corporation.
By segment, Diversified Industrial revenue was $4.2 billion ($4.152 billion), and Aerospace Systems revenue was $1.9 billion ($1.867 billion). The order backlog reached $13.7 billion. Operating cash flow was $752 million, compared with $782 million a year earlier. The dividend paid per share was $2.00, compared with $1.80.
Parker raised its guidance for fiscal year 2027, which ends June 30, 2027 and now includes Filtration Group. It expects revenue growth of 16.0% to 19.0%, with organic growth of 7.5% to 10.5%. Expected EPS is $29.65 to $30.45, or $36.45 to $37.25 on an adjusted basis. The adjusted segment operating margin is expected to be between 27.7% and 28.1%. Projected free cash flow is $3.5 billion to $4.0 billion.
