Exhibit 99.1
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Parker Reports Fiscal 2026 First Quarter Results
Organic Sales and Margin Expansion Drive EPS Growth, FY26 Outlook Increased
CLEVELAND, November 6, 2025 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the quarter ended September 30, 2025, that included the following highlights (compared with the prior year period):
Fiscal 2026 First Quarter Highlights:
•Sales were a record $5.1 billion; organic sales growth was 5%
•Net income was $808 million, an increase of 16%, or $927 million adjusted, an increase of 14%
•EPS were $6.29, an increase of 18%, or a record $7.22 adjusted, an increase of 16%
•Segment operating margin was 24.2%, an increase of 160 bps, or 27.4% adjusted, an increase of 170 bps
•Cash flow from operations was $782 million or 15.4% of sales
•Repurchased $475 million of shares
“Our global team produced record sales, segment operating margin, earnings per share and year-to-date cash flow,” said Jenny Parmentier, Chairman and Chief Executive Officer. “These results demonstrate our ability to consistently deliver operational excellence fueled by our business system The Win Strategy™. First quarter organic sales grew 5%, as strong demand continued in aerospace and our industrial businesses showed a gradual return to growth. Positive sales growth and an adjusted segment margin increase of 170 basis points, contributed to an adjusted earnings per share increase of 16%. With this strong first quarter performance and higher order rates, we have increased our outlook.”
This news release contains non-GAAP financial measures. Reconciliations of adjusted numbers and certain non-GAAP financial measures are included in the financial tables of this press release.
Outlook
Guidance for the fiscal year ending June 30, 2026 has been increased and now includes the Curtis acquisition:
•Total sales growth has been increased to the range of 4.0% to 7.0%. Organic sales growth of approximately 4% at the midpoint; acquisitions of approximately 1%, previously completed divestitures of approximately 1%, and favorable currency of 1.5%.
•Segment operating margin outlook has been increased to the range of 23.6% to 24.0%, or 26.8% to 27.2% on an adjusted basis
•EPS guidance has been increased to the range of $25.53 to $26.33, or $29.60 to $30.40 on an adjusted basis


Segment Results
Diversified Industrial Segment
North America Businesses
$ in mmFY26 Q1FY25 Q1
Change
Organic Growth
Sales$2,044 $2,100 -2.7 %2.1 %
Segment Operating Income$507 $485 4.5 %
Segment Operating Margin24.8 %23.1 %170  bps
Adjusted Segment Operating Income$552 $532 3.8 %
Adjusted Segment Operating Margin27.0 %25.3 %170  bps
•Organic growth turned positive, driven by in-plant & industrial, aerospace & defense, and improvement in off-highway
•Achieved record adjusted segment operating margin
•Order rates increased 3%
International Businesses
$ in mm
FY26 Q1FY25 Q1
Change
Organic Growth
Sales
$1,399 $1,356 3.2 %1.0 %
Segment Operating Income
$314 $299 5.0 %
Segment Operating Margin
22.4 %22.1 %30  bps
Adjusted Segment Operating Income$350 $327 7.0 %
Adjusted Segment Operating Margin
25.0 %24.1 %90  bps
•Achieved record sales and adjusted segment operating margin
•Organic growth positive in the quarter with 6% APAC; (3%) EMEA; 0% LA
•Order rates increased 6%
Aerospace Systems Segment
$ in mm
FY26 Q1FY25 Q1
Change
Organic Growth
Sales
$1,641 $1,448 13.3 %12.8 %
Segment Operating Income
$411 $323 27.2 %
Segment Operating Margin
25.0 %22.3 %270  bps
Adjusted Segment Operating Income$492 $403 22.1 %
Adjusted Segment Operating Margin
30.0 %27.9 %210  bps
•Achieved record sales on commercial OEM growth and continued aftermarket strength
•Delivered record adjusted segment operating margin
•Robust and broad-based order rates continue
Order Rates
FY26 Q1
Parker
+8%
Diversified Industrial Segment - North America Businesses
+3%
Diversified Industrial Segment - International Businesses
+6%
Aerospace Systems Segment
+15%
•Parker order rates increased across all reported businesses 8%
•Total company backlog increased to a record $11.3 billion



About Parker Hannifin
Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Learn more at www.parker.com or @parkerhannifin.


Contacts:
Media:
Financial Analysts:
Aidan Gormley
Jeff Miller
216-896-3258
216-896-2708
aidan.gormley@parker.com
jeffrey.miller@parker.com

Notice of Webcast
Parker Hannifin's conference call and slide presentation to discuss its fiscal 2026 first quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at investors.parker.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit investors.parker.com.

Note on Orders The company reported orders for the quarter ending September 30, 2025, compared with the same quarter a year ago. All comparisons are at constant currency exchange rates, with the prior year quarter restated to the current-year rates, and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are on rolling 12-month average computations.

Note on Non-GAAP Financial Measures
This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margin for Parker and by segment; (d) adjusted segment operating income for Parker and by segment; and (e) organic sales growth. These measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Although these measures are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

Forward-Looking Statements
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. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and may also include statements regarding future performance, orders, earnings projections, events or developments. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance may differ materially from expectations, including those based on past performance.

Among other factors that may affect future performance are: changes in business relationships with and orders by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms, changes in contract costs and revenue estimates for new development programs; changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of Curtis Instruments, Inc.; ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination and ability to successfully undertake business realignment activities and the expected costs, including cost savings, thereof; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and other government actions, including related to environmental protection, and associated compliance costs; supply chain and labor disruptions, including as a result of tariffs and labor shortages; threats associated with international conflicts and cybersecurity risks and risks associated with protecting our intellectual property; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; effects on market conditions, including sales and pricing, resulting from global reactions to U.S. trade policies; manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and economic conditions such as inflation, deflation, interest rates and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in the tax laws in the United States and foreign jurisdictions and judicial or regulatory interpretations thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should also consider forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2025 and other periodic filings made with the SEC.


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Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025
CONSOLIDATED STATEMENTS OF INCOME
Three Months Ended
(Unaudited)September 30,
(In millions, except per share amounts)20252024
Net sales$5,084 $4,904 
Cost of sales3,177 3,098 
Selling, general and administrative expenses873 849 
Interest expense101 113 
Other income, net(107)(31)
Income before income taxes1,040 875 
Income taxes232 177 
Net income$808 $698 
Earnings per share:
Basic$6.39 $5.43 
Diluted$6.29 $5.34 
Weighted average shares outstanding:
Basic126.5128.7
Diluted128.4130.7
Cash dividends per common share$1.80 $1.63 

BUSINESS SEGMENT INFORMATION
Three Months Ended
(Unaudited)September 30,
(Dollars in millions)20252024
Net sales
Diversified Industrial$3,443 $3,456 
Aerospace Systems1,641 1,448 
Total net sales$5,084 $4,904 
Segment operating income
Diversified Industrial$821 $784 
Aerospace Systems411 323 
Total segment operating income1,232 1,107 
Corporate general and administrative expenses49 49 
Income before interest expense and other expense, net1,183 1,058 
Interest expense101 113 
Other expense, net42 70 
Income before income taxes$1,040 $875 


Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025
SUPPLEMENTAL FINANCIAL INFORMATION AND NON-GAAP RECONCILIATIONS
ADJUSTED SEGMENT OPERATING INCOME AND ORGANIC SALES GROWTH RECONCILIATION
Three Months Ended September 30, 2025Three Months Ended September 30, 2024
Diversified Industrial SegmentAerospace Systems SegmentDiversified Industrial SegmentAerospace Systems Segment
(Unaudited)
(Dollars in millions)		North AmericaInt'lTotalTotalNorth AmericaInt'lTotalTotal
Net sales$2,044 $1,399 $3,443 $1,641 $5,084 $2,100 $1,356 $3,456 $1,448 $4,904 
Segment operating income$507 $314 $821 $411 $1,232 $485 $299 $784 $323 $1,107 
Adjustments:
 Amortization of acquired intangibles42 22 64 76 140 43 22 65 75 140 
 Business realignment charges1 13 14 1 15 3 6 9 — 9 
 Integration costs to achieve1 1 2 4 6 1 — 1 5 6 
Acquisition-related expenses1 — 1 — 1 — — — — — 
Adjusted segment operating income$552 $350 $902 $492 $1,394 $532 $327 $859 $403 $1,262 
Segment operating margin24.8%22.4%23.8%25.0%24.2%23.1%22.1%22.7%22.3%22.6%
Adjusted segment operating margin27.0%25.0%26.2%30.0%27.4%25.3%24.1%24.8%27.9%25.7%
Reported sales growth(2.7)%3.2%(0.4)%13.3%3.7%
Currency—%1.8%0.7%0.5%0.7%
Divestitures(5.1)%—%(3.1)%—%(2.2)%
Acquisitions0.3%0.4%0.3%—%0.2%
Organic sales growth2.1%1.0%1.7%12.8%5.0%
DIVERSIFIED INDUSTRIAL INTERNATIONAL BUSINESSES - ORGANIC SALES GROWTH SUPPLEMENT
Three Months Ended September 30, 2025
(Unaudited)EuropeAsia PacificLatin AmericaTotal
Reported sales growth2.0%5.2%—%3.2%
Currency4.3%(1.5)%—%1.8%
Acquisitions0.3%0.6%—%0.4%
Organic sales growth(2.6)%6.1%—%1.0%


Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025
SUPPLEMENTAL FINANCIAL INFORMATION AND NON-GAAP RECONCILIATIONS
ADJUSTED NET INCOME1 AND ADJUSTED DILUTED EARNINGS PER SHARE RECONCILIATION
Three Months Ended September 30,
(Unaudited)20252024
(Dollars in millions, except per share amounts)
Net Income1
Diluted EPS
Net Income1
Diluted EPS
As reported$808 $6.29 $698 $5.34 
Adjustments:
Amortization of acquired intangibles140 1.09 140 1.07 
Business realignment charges15 0.12 10 0.07 
Integration costs to achieve6 0.05 6 0.05 
Gain on sale of building— — (10)(0.08)
Acquisition-related expenses14 0.11 — — 
Gain on insurance recoveries(20)(0.15)— — 
Tax effect of adjustments2
(36)(0.29)(34)(0.25)
As adjusted$927 $7.22 $810 $6.20 
1Represents net income attributable to common shareholders.
2This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.




Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025

CONSOLIDATED BALANCE SHEETS
(Unaudited)September 30,June 30,
(Dollars in millions)20252025
Assets
Current assets:
Cash and cash equivalents$473 $467 
Trade accounts receivable, net2,873 2,910 
Non-trade and notes receivable331 318 
Inventories3,081 2,839 
Prepaid expenses 296 263 
Other current assets173 153 
Total current assets7,227 6,950 
Property, plant and equipment, net2,972 2,937 
Deferred income taxes271 270 
Other long-term assets1,306 1,269 
Intangible assets, net7,760 7,374 
Goodwill11,141 10,694 
Total assets$30,677 $29,494 
Liabilities and equity
Current liabilities:
Notes payable and long-term debt payable within one year$2,848 $1,791 
Accounts payable, trade2,150 2,126 
Accrued payrolls and other compensation432 587 
Accrued domestic and foreign taxes411 382 
Other current liabilities938 933 
Total current liabilities6,779 5,819 
Long-term debt7,485 7,494 
Pensions and other postretirement benefits253 267 
Deferred income taxes1,621 1,490 
Other long-term liabilities753 733 
Shareholders' equity13,777 13,682 
Noncontrolling interests9 9 
Total liabilities and equity$30,677 $29,494 

Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025

CONSOLIDATED STATEMENTS OF CASH FLOWS
Three Months Ended
(Unaudited)September 30,
(Dollars in millions)20252024
Cash flows from operating activities:
Net income$808 $698 
Depreciation and amortization232 229 
Stock-based compensation expense80 76 
Loss (gain) on property, plant and equipment 1 (8)
Net change in receivables, inventories and trade payables(93)(40)
Net change in other assets and liabilities(226)(224)
Other, net(20)13 
Net cash provided by operating activities782 744 
Cash flows from investing activities:
Acquisitions, net of cash acquired(1,013)— 
Capital expenditures(89)(95)
Proceeds from sale of property, plant and equipment6 13 
Other, net18 (5)
Net cash used in investing activities(1,078)(87)
Cash flows from financing activities:
Payments for common shares(522)(94)
Net proceeds from (payments for) debt1,056 (409)
Dividends paid(228)(210)
Other, net— 2 
Net cash provided by (used in) financing activities306 (711)
Effect of exchange rate changes on cash(4)3 
Net increase (decrease) in cash and cash equivalents6 (51)
Cash and cash equivalents at beginning of year467 422 
Cash and cash equivalents at end of period$473 $371 




Exhibit 99.1
PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2025

RECONCILIATION OF FORECASTED SALES GROWTH TO ORGANIC SALES GROWTH
(Unaudited)
(Amounts in percentages)Fiscal Year 2026
Forecasted net sales4.0% to 7.0%
Adjustments:
Currency~(1.5%)
Acquisitions~(1.0%)
Divestitures~1.0%
Adjusted forecasted net sales2.5% to 5.5%
RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
(Unaudited)
(Amounts in percentages)Fiscal Year 2026
Forecasted segment operating margin23.6% to 24.0%
Adjustments:
Business realignment charges~0.3%
Amortization of acquired intangibles~2.8%
Cost to achieve~0.1%
Acquisition-related expenses~0.1%
Adjusted forecasted segment operating margin26.8% to 27.2%
RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
(Unaudited)
(Amounts in dollars)Fiscal Year 2026
Forecasted earnings per diluted share$25.53 to $26.33
Adjustments:
Business realignment charges0.54
Amortization of acquired intangibles4.55
Acquisition-related expenses0.19
Costs to achieve0.13
Gain on insurance recoveries(0.16)
Tax effect of adjustments1
(1.18)
Adjusted forecasted earnings per diluted share$29.60 to $30.40
1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.
Note: Totals may not foot due to rounding