Parker Hannifin Posts Record $6.0B Sales, Raises FY2027 Outlook

Cleveland-based Parker Hannifin Corporation reported record fiscal 2027 first-quarter net sales of $5.992 billion on Thursday, up about 18% from $5.084 billion a year earlier, and raised its full-year outlook after completing the Filtration Group acquisition, according to its investor release and Form 8-K filed with the Securities and Exchange Commission.

• Net sales: $5.992 billion, a company record; organic sales up 11.5%, acquisitions about 7%
• Net income: $884 million, up 9%; diluted EPS $6.92, up 10%
• Adjusted net income (non-GAAP): $1.138 billion; adjusted diluted EPS $8.90, up 23% to a record
• Segment operating margin: 24.4%, up 20 basis points; adjusted 28.6%, up 120 basis points
• Backlog: a record $13.7 billion; rolling 12-month orders up 13%
• Dividend: $2.00 a share, versus $1.80 a year earlier

Diversified Industrial sales rose to $4.152 billion, with North America at $2.445 billion (organic growth 9.4%) and International at $1.707 billion (organic growth 11.6%), led by Asia-Pacific. Aerospace Systems sales climbed 13.8% to $1.867 billion, with organic growth of 13.9% on double-digit OEM and aftermarket demand, the company said. Chairman and Chief Executive Jenny Parmentier said demand rose across market verticals and that the Filtration Group deal expands Parker’s filtration and aftermarket business.

Raised fiscal 2027 guidance

Parker updated fiscal 2027 guidance, now including Filtration Group, for reported sales growth of 16.0% to 19.0% and organic sales growth of 7.5% to 10.5%, with acquisitions about 9% and currency about −0.5%. Segment operating margin is projected at 23.6% to 24.0%, or 27.7% to 28.1% adjusted. Diluted EPS is forecast at $29.65 to $30.45, or $36.45 to $37.25 on an adjusted basis. Free cash flow is expected at $3.5 billion to $4.0 billion.

The results release lists non-GAAP adjustments that include amortization of acquired intangibles, integration and acquisition-related costs, and net tariff-related returns tied to International Emergency Economic Powers Act duties the U.S. Supreme Court ruled unauthorized in February 2026. An investor webcast was set for 11 a.m. Eastern on Thursday.

Parker’s report lands alongside other large U.S. industrials this week, including ConocoPhillips’ third-quarter dividend increase.

Sources: Parker-Hannifin IR, Parker-Hannifin Form 8-K (SEC), StockTitan