Parker Hannifin FY2026: record sales, adjusted EPS beat, Bullish read
Parker closed fiscal 2026 with record sales of $21.50 billion, adjusted EPS of $32.31 and $3.91 billion of free cash flow, then guided fiscal 2027 higher — a Bullish set of numbers. Read it this way: most of the gap between GAAP EPS of $28.48 and adjusted EPS of $32.31 is amortization of acquired intangibles, and one quarter got an $84 million tariff-refund boost that will not repeat.
1 · Expected vs. Actual
Free preview belowGAAP diluted EPS came in at $28.48 for the year, up 5%, while adjusted EPS of $32.31 rose 18% — a $3.83 gap that is mostly $584 million of intangible amortization. In the fourth quarter, adjusted EPS of $9.27 beat the $8.51 consensus estimate provided, while GAAP EPS of $8.54 was roughly in line. That quarter also included $84 million of tariff refunds, worth $0.65 a share, which management strips out of the adjusted figure.
Full-year sales rose 8.3% to $21.50 billion from $19.85 billion, with 6.6% of that organic and the rest split between acquisitions and currency. The fourth quarter was stronger still: $5.76 billion, up 9.8% with 8.0% organic, led by Aerospace Systems at 13.3% organic growth. Note that the segment tables add to $5.76 billion because they describe the quarter, not the year.
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Figures on this page come from the company's original SEC filings. The analysis is generated automatically and checked against validation rules, but may still contain errors or omissions. Not investment advice. · Generated 2026-09-17
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