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Parker-Hannifin Corp (PH.N)

PH.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Parker-Hannifin Says Entered Into A Credit Agreement
Saturday, 25 May 2019 

May 24 (Reuters) - Parker-Hannifin Corp ::PARKER-HANNIFIN SAYS ENTERED INTO A CREDIT AGREEMENT.PARKER-HANNIFIN - AGREEMENT PROVIDES FOR SENIOR UNSECURED DELAYED-DRAW TERM LOAN FACILITY OF $800 MILLION.PARKER-HANNIFIN - PROCEEDS OF TERM LOAN FACILITY, IF DRAWN, WILL BE USED TO FINANCE PROPOSED DEAL TO BUY LORD CORP.PARKER-HANNIFIN CORP - LOANS UNDER TERM LOAN FACILITY WILL MATURE ON MAY 21, 2022.  Full Article

Parker Reports Q3 Earnings Per Share $3.14
Thursday, 2 May 2019 

May 2 (Reuters) - Parker-Hannifin Corp ::PARKER REPORTS FISCAL 2019 THIRD QUARTER RESULTS.Q3 ADJUSTED EARNINGS PER SHARE $3.17.Q3 EARNINGS PER SHARE $3.14.Q3 SALES $3.69 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.71 BILLION.Q3 EARNINGS PER SHARE ESTIMATE $3.02 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $11.17 TO $11.47 FROM CONTINUING OPERATIONS.REMAIN ON TRACK TO ACHIEVE OUR FISCAL 2023 FINANCIAL TARGETS.FY GUIDANCE ASSUMES ORGANIC SALES GROWTH IN RANGE OF 2.0% TO 3.0%.PARKER-HANNIFIN - FOR FY, MAINTAINED GUIDANCE FOR EARNINGS FROM CONTINUING OPERATIONS IN RANGE OF $11.17 TO $11.47 PER SHARE, OR $11.45 TO $11.75 PER SHARE ON AN ADJUSTED BASIS.REMAIN ON TRACK TO ACHIEVE FISCAL 2023 FINANCIAL TARGETS THROUGH ONGOING FOCUS ON DRIVING WIN STRATEGY.QTRLY ORDERS DECREASED 4% FOR TOTAL PARKER.  Full Article

Parker To Acquire Lord Corp In Deal For Approx $3.675 Bln In Cash
Monday, 29 Apr 2019 

April 29 (Reuters) - Parker-Hannifin Corp ::PARKER TO ACQUIRE LORD CORPORATION IN STRATEGIC TRANSACTION THAT SIGNIFICANTLY EXPANDS ENGINEERED MATERIALS BUSINESS.PARKER-HANNIFIN CORP - DEAL FOR APPROXIMATELY $3.675 BILLION IN CASH.PARKER-HANNIFIN CORP - PLANS TO FINANCE TRANSACTION USING NEW DEBT.PARKER-HANNIFIN CORP - EXPECTED TO BE ACCRETIVE TO CO'S ORGANIC GROWTH, EBITDA MARGIN, CASH FLOW AND EPS.PARKER-HANNIFIN CORP - TRANSACTION IS NOT EXPECTED TO IMPACT PARKER'S DIVIDEND PAYOUT TARGET.PARKER-HANNIFIN CORP - EXPECTS TO REALIZE APPROXIMATELY $125 MILLION IN PRE-TAX RUN-RATE COST SYNERGIES BY FULL-YEAR 2023 FROM DEAL.PARKER-HANNIFIN CORP - CUMULATIVE COST TO ACHIEVE DEAL SYNERGIES IS EXPECTED TO BE APPROXIMATELY $80 MILLION.PARKER-HANNIFIN CORP - UPON CLOSING OF TRANSACTION, LORD WILL BE COMBINED WITH PARKER'S ENGINEERED MATERIALS GROUP..PARKER-HANNIFIN CORP - DEAL ADDS ABOUT $1.1 BILLION IN ANNUAL SALES TO ENGINEERED MATERIALS WITH COMPLEMENTARY PRODUCTS.PARKER-HANNIFIN CORP - DEAL EXPECTED TO BE ACCRETIVE TO CO'S ORGANIC GROWTH, EBITDA MARGINS, CASH FLOW AND EPS WITHIN FIRST 12 MONTHS.  Full Article

Parker Increases Quarterly Cash Dividend
Friday, 26 Apr 2019 

April 25 (Reuters) - Parker-Hannifin Corp ::PARKER INCREASES QUARTERLY CASH DIVIDEND.SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.88PER SHARE.  Full Article

Advanced Cooling Technologies Acquires Parker Hannifin's Precision Cooling Business
Monday, 14 Jan 2019 

Jan 14 (Reuters) - Advanced Cooling Technologies Inc::ADVANCED COOLING TECHNOLOGIES SAYS ACQUIRES PARKER HANNIFIN'S PRECISION COOLING BUSINESS.  Full Article

Parker-Hannifin's Indego Exoskeleton Receives FDA Clearance For Stroke Treatment
Thursday, 15 Feb 2018 

Feb 15 (Reuters) - Parker-Hannifin Corp ::INDEGO® EXOSKELETON RECEIVES U.S. REGULATORY CLEARANCE FOR STROKE TREATMENT.PARKER-HANNIFIN - ‍FDA GIVEN ADDITIONAL CLEARANCE TO MARKET & SELL INDEGO EXOSKELETON FOR USE IN TREATMENT OF INDIVIDUALS WITH HEMIPLEGIA DUE TO STROKE​.  Full Article

Parker Reports Q2 Adjusted Earnings Per Share $2.15
Thursday, 1 Feb 2018 

Feb 1 (Reuters) - Parker-Hannifin Corp ::PARKER REPORTS FISCAL 2018 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $2.15.Q2 EARNINGS PER SHARE $0.41.Q2 SALES ROSE 26 PERCENT TO $3.37 BILLION.HAS REVISED GUIDANCE FOR EARNINGS FROM CONTINUING OPERATIONS TO RANGE OF $7.38 TO $7.78 PER SHARE.SEES 2018 ADJUSTED SHARE FROM $9.65 TO $10.05.PARKER-HANNIFIN - FORECASTED 2018 EARNINGS REFLECT NET ONE-TIME ADJUSTMENT IN INCOME TAX EXPENSE OF $224.5 MILLION, OR $1.65PER SHARE RECORDED IN Q2 2018.PARKER-HANNIFIN - FORECASTED 2018 EARNINGS REFLECT EXPECTED BUSINESS REALIGNMENT EXPENSES OF ABOUT $58 MILLION & CLARCOR COSTS TO ACHIEVE OF ABOUT $52 MILLION.PARKER-HANNIFIN - RECOGNIZED NET ONE-TIME ADJUSTMENT TO INCOME TAX EXPENSE OF $224.5 MILLION, OR $1.65PER SHARE RELATED TO U.S. TAX REFORM IN QUARTER.FY2018 EARNINGS PER SHARE VIEW $9.78 -- THOMSON REUTERS I/B/E/S.  Full Article

Parker Aerospace Awarded Contract To Provide Emirates’ 777X Hydraulic Pumps
Tuesday, 26 Dec 2017 

Dec 26 (Reuters) - Parker-Hannifin Corp ::PARKER AEROSPACE AWARDED CONTRACT TO PROVIDE EMIRATES’ 777X HYDRAULIC PUMPS.‍EMIRATES EXPECTS TO TAKE DELIVERY OF FIRST 777X IN 2020​.  Full Article

Parker Reaches Proposed Settlement With DOJ Regarding U.S. Qualified Aviation Ground Fuel Filtration Business
Tuesday, 19 Dec 2017 

Dec 18 (Reuters) - Parker-Hannifin Corp ::PARKER REACHES PROPOSED SETTLEMENT WITH DOJ REGARDING U.S. QUALIFIED AVIATION GROUND FUEL FILTRATION BUSINESS.PARKER-HANNIFIN - UNDER TERMS OF PROPOSED FINAL JUDGMENT PARKER WILL DIVEST ITS GLOBAL FACET FILTRATION BUSINESS.PARKER-HANNIFIN - FACET FILTRATION BUSINESS INCLUDES U.S. QUALIFIED AVIATION GROUND FUEL FILTRATION BUSINESS UNDER INQUIRY BY DOJ.PARKER-HANNIFIN-FACET FILTRATION BUSINESS ALSO INCLUDES FILTRATION PRODUCTS & TECHNOLOGIES FOR OTHER AVIATION FUEL, MARINE, ENVIRONMENTAL, GENERAL APPLICATIONS.PARKER-HANNIFIN CORP - PARKER WILL RETAIN REST OF CLARCOR BUSINESSES.PARKER-HANNIFIN CORP - WILL ALSO RETAIN ITS AVIATION GROUND FUEL FILTRATION BUSINESS OWNED PRIOR TO CLARCOR MERGER.  Full Article

Parker-Hannifin Q1 earnings per share $2.10
Thursday, 2 Nov 2017 

Nov 2 (Reuters) - Parker-Hannifin Corp :Parker reports fiscal 2018 first quarter results.Q1 earnings per share $2.10.Q1 sales $3.36 billion versus i/b/e/s view $3.32 billion.Sees fy 2018 earnings per share $8.45 to $9.05 from continuing operations.Q1 earnings per share view $2.03 -- Thomson Reuters I/B/E/S.Sees fy 2018 adjusted earnings per share $9.10 to $9.70 from continuing operations.Fy2018 earnings per share view $9.14 -- Thomson Reuters I/B/E/S.Parker-Hannifin corp qtrly ‍orders increased 11% for total co.  Full Article

Parker Hannifin to buy Lord Corp for about $3.68 billion

U.S. industrial conglomerate Parker Hannifin Corp said on Monday it would buy privately held adhesives and coatings maker Lord Corp for about $3.68 billion in cash, in a move to strengthen its aerospace and defense businesses.