Parker-Hannifin Corporation is a Fortune 250 global leader in motion and control technologies. We enable engineering breakthroughs across a diverse range of industrial and aerospace markets in applications that create a brighter future.
Parker Hannifin 2023 Annual Meeting of Shareholders
For Fiscal Year Ending Jun 30, 2023
Sign up today and receive company updates straight to your inbox.
Parker has defined its unique contribution to the world through a new purpose statement: Enabling Engineering Breakthroughs that Lead to a Better Tomorrow. Our purpose is a platform for growth, change and positive impact. By aligning ourselves around purpose today, we will be better positioned for the challenges and opportunities of tomorrow.
Parker’s business system, The Win Strategy™ is a proven set of tools and metrics to help our teams serve customers and grow profitably.
Download PDFOver time, we have continued to build upon the transformation of The Win Strategy™ to strengthen Parker's performance and position us for growth opportunities.
Parker’s Business system
Tools and best practices for Parker's decentralized organization.
Focus on top quartile performance
Elevating team member engagement and safety.
Accelerating growth & margin expansion
Defining our purpose: Enabling engineering breakthroughs that lead to a better tomorrow.
Enables Clean Technology
From customers who buy 4+ Parker technologies
Parker’s interconnected portfolio of technologies make the world cleaner, smarter and safer.
Parker has completed multiple strategic acquisitions that have transformed the company and strengthened our technology portfolio. This transformation has created a more resilient business with better organic growth profile, higher margins and more balance across economic cycles.
Illustration
The actions Parker has taken as part of the Win Strategy have built a much more resilient and longer cycle business capable of weathering challenges. Our results, demonstrate the consistency with which Parker is executing and delivering record levels of performance.
| Empty Cell | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY27 |
|---|---|---|---|---|---|---|---|---|---|
| As Reported EPS |
$5.89 | $7.25 | $7.83 | $11.57 | $9.26 | $13.35 | $10.09 | $16.04 | Target |
| Empty Cell | FY16 | FY17 | FY18 | FY19 | FY20 | FY21 | FY22 | FY23 | FY27 |
|---|---|---|---|---|---|---|---|---|---|
| As Reported Net Income |
$0.81B | $0.98B | $1.06B | $1.53B | $1.20B | $1.75B | $1.32B | $2.08B | Target |
We continue to see opportunities to take our performance to even higher levels, leading us to commit to new five-year financial targets that would place us among the top quartile of our diversified industrial peer companies. We have a very promising future ahead as we drive significant shareholder value.
Organic Growth
Adjusted Segment Operating Margin
Adjusted EBITDA Margin
Free Cash Flow Margin
Adjusted EPS Growth
Parker's ongoing sustainability journey includes:
Parker-Hannifin Corporation
Jeff Miller
Vice President, Investor Relations
T: 216-896-2708
phir@parker.com
Equiniti Trust Company
1110 Centre Point Curve
Mendota Heights, MN 55120
United States
T: 800-468-9716
F: 651-450-4033
http://shareowneronline.com
1 Adjusted numbers include certain non-GAAP financial measures. Click here for additional details and reconciliations.
2 Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Please click here for a full disclosure of forward-looking statements