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Parker-Hannifin Corp (PH.N)

PH.N on New York Stock Exchange

182.23USD
13 Sep 2019
Change (% chg)

$0.63 (+0.35%)
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Volume
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Latest Key Developments (Source: Significant Developments)

Parker To Acquire Exotic Metals Forming Company
Monday, 29 Jul 2019 

July 29 (Reuters) - Parker-Hannifin Corp ::PARKER TO ACQUIRE EXOTIC METALS FORMING COMPANY IN STRATEGIC TRANSACTION THAT SIGNIFICANTLY EXPANDS AEROSPACE GROUP PRODUCT PORTFOLIO.PARKER-HANNIFIN CORP - ENTERED INTO A DEFINITIVE AGREEMENT TO ACQUIRE EXOTIC METALS FORMING COMPANY LLC FOR $1.725 BILLION IN CASH.PARKER-HANNIFIN CORP - TRANSACTION HAS BEEN APPROVED BY BOARD OF DIRECTORS OF EACH COMPANY.PARKER-HANNIFIN CORP - NET TRANSACTION VALUE IS APPROXIMATELY $1.56 BILLION..PARKER-HANNIFIN CORP - PARKER PLANS TO FINANCE TRANSACTION USING NEW DEBT..PARKER-HANNIFIN CORP - EXPECT TRANSACTION TO BE ACCRETIVE TO ORGANIC GROWTH, EBITDA MARGINS, EPS AND CASH FLOW, EXCLUDING ONE-TIME COSTS.PARKER-HANNIFIN CORP - UPON CLOSING OF DEAL, CO PLANS TO HAVE EXOTIC METALS OPERATE AS A STANDALONE DIVISION WITHIN PARKER'S AEROSPACE GROUP.PARKER-HANNIFIN - DEAL NOT EXPECTED TO IMPACT DIVIDEND PAYOUT TARGET OF APPROXIMATELY 30-35% AVERAGE PERCENT OF NET INCOME OVER A FIVE-YEAR PERIOD.PARKER-HANNIFIN CORP - DEAL ADDS APPROXIMATELY $450 MILLION IN EXPECTED ANNUAL SALES TO AEROSPACE.  Full Article

Parker Aerospace Joint Venture Company ACE Services Expanding Capabilities
Wednesday, 12 Jun 2019 

June 12 (Reuters) - Parker-Hannifin Corp ::PARKER AEROSPACE JOINT VENTURE COMPANY ACE SERVICES EXPANDING CAPABILITIES TO BECOME CENTER OF EXCELLENCE FOR BOEING 747-400 AND 747-800 FLIGHT CONTROL MAINTENANCE, REPAIR, AND OVERHAUL (MRO).PARKER AEROSPACE - ALL FUTURE PARKER-MANUFACTURED COMPONENTS FOR 747 WILL NOW BE OVERHAULED AND REPAIRED BY ACE SERVICES IN SINGAPORE.PARKER-HANNIFIN- ACE SERVICES NOW SUPPORTS MAINTENANCE, REPAIR, AND OVERHAUL (MRO) FOR 747-400 AND PLANS TO FULLY ASSUME MRO FOR 747-800 IN Q3 OF 2019.  Full Article

Parker Aerospace Awarded Contract To Support Boeing’S MQ-25 Unmanned Tanker For U.S. Navy
Monday, 10 Jun 2019 

June 10 (Reuters) - Parker-Hannifin Corp ::PARKER AEROSPACE AWARDED CONTRACT TO SUPPORT BOEING’S MQ-25 UNMANNED TANKER FOR THE U.S. NAVY.PARKER-HANNIFIN CORP - CONTRACT SUPPORTS BOEING'S PROGRAM TO PROVIDE FOUR MQ-25 AIRCRAFT TO U.S. NAVY FOR INITIAL OPERATIONAL CAPABILITY BY 2024.  Full Article

Parker Q2 Adjusted Earnings Per Share $2.51
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Parker-Hannifin Corp ::PARKER REPORTS FISCAL 2019 SECOND QUARTER RESULTS.Q2 ADJUSTED EARNINGS PER SHARE $2.51.Q2 SALES $3.47 BILLION VERSUS REFINITIV IBES ESTIMATE OF $3.46 BILLION.Q2 EARNINGS PER SHARE ESTIMATE $2.42 -- REFINITIV IBES DATA.SEES FY 2019 EARNINGS PER SHARE $11.04 TO $11.54 FROM CONTINUING OPERATIONS.Q2 EARNINGS PER SHARE $2.36.PARKER-HANNIFIN - FOR FY CO HAS INCREASED GUIDANCE FOR EARNINGS FROM CONTINUING OPERATIONS TO RANGE OF $11.35 TO $11.85 PER SHARE ON AN ADJUSTED BASIS.FY2019 EARNINGS PER SHARE VIEW $11.52 -- REFINITIV IBES DATA.FISCAL 2019 EARNINGS FROM CONTINUING OPERATIONS GUIDANCE ASSUMES ORGANIC SALES GROWTH IN RANGE OF 2.0% TO 4.0%.  Full Article

Parker Reports Fiscal 2019 First Quarter Results
Thursday, 1 Nov 2018 

Nov 1 (Reuters) - Parker-Hannifin Corp ::PARKER REPORTS FISCAL 2019 FIRST QUARTER RESULTS.Q1 ADJUSTED EARNINGS PER SHARE $2.84.Q1 SALES $3.48 BILLION VERSUS I/B/E/S VIEW $3.54 BILLION.SEES FY 2019 EARNINGS PER SHARE $10.90 TO $11.50.Q1 EARNINGS PER SHARE $2.79.Q1 EARNINGS PER SHARE VIEW $2.53 -- THOMSON REUTERS I/B/E/S.QTRLY ORDERS INCREASED 5% FOR TOTAL PARKER.SEES FY 2019 EARNINGS OF $11.10 TO $11.70 PER SHARE ON AN ADJUSTED BASIS.FY GUIDANCE ASSUMES ORGANIC SALES GROWTH IN RANGE OF 2.5% TO 5.3%.FY2019 EARNINGS PER SHARE VIEW $11.37 -- THOMSON REUTERS I/B/E/S.  Full Article

Parker Aerospace Wins Cessna Denali Contract
Friday, 20 Jul 2018 

July 20 (Reuters) - Parker Aerospace::PRESS RELEASE PARKER AEROSPACE WINS CESSNA DENALI CONTRACT; TECHNOLOGY INNOVATIONS YIELD GREATER BLEED AIR CONTROL SYSTEM EFFICIENCY AND RELIABILITY.PARKER AEROSPACE SAYS ITS FLUID SYSTEMS DIVISION WAS AWARDED THE BLEED AIR CONTROL SYSTEM FOR TEXTRON AVIATION'S CESSNA DENALI TURBOPROP AIRCRAFT.  Full Article

Parker Reports Q3 Earnings Per Share $2.70
Thursday, 26 Apr 2018 

April 26 (Reuters) - Parker-Hannifin Corp ::PARKER REPORTS FISCAL 2018 THIRD QUARTER RESULTS.Q3 SALES $3.75 BILLION VERSUS I/B/E/S VIEW $3.66 BILLION.SEES FY 2018 EARNINGS PER SHARE $7.76 TO $7.96 FROM CONTINUING OPERATIONS.Q3 EARNINGS PER SHARE $2.70.Q3 ADJUSTED EARNINGS PER SHARE $2.80.Q3 EARNINGS PER SHARE VIEW $2.62 -- THOMSON REUTERS I/B/E/S.FISCAL 2018 FULL YEAR EARNINGS GUIDANCE INCREASED.QTRLY ORDERS INCREASED 11% FOR TOTAL PARKER.INVENTORIES AT QUARTER-END $1.73 BILLION.SEES FY 2018 ADJUSTED EARNINGS PER SHARE $9.95 TO $10.15 FROM CONTINUING OPERATIONS.FISCAL 2018 EARNINGS ARE ADJUSTED FOR EXPECTED BUSINESS REALIGNMENT EXPENSES OF ABOUT $50 MILLION.FY2018 EARNINGS PER SHARE VIEW $9.96 -- THOMSON REUTERS I/B/E/S.FY2018 EARNINGS PER SHARE VIEW $9.96 -- THOMSON REUTERS I/B/E/S.  Full Article

Parker-Hannifin Corp Increases Quarterly Cash Dividend
Friday, 20 Apr 2018 

April 19 (Reuters) - Parker-Hannifin Corp ::PARKER INCREASES QUARTERLY CASH DIVIDEND.PARKER-HANNIFIN CORP - INCREASED COMPANY'S REGULAR QUARTERLY CASH DIVIDEND TO 76 CENTS PER SHARE OF COMMON STOCK.PARKER-HANNIFIN CORP - NEW DIVIDEND REPRESENTS A 15% INCREASE OVER PREVIOUS QUARTERLY CASH DIVIDEND OF 66 CENTS PER COMMON SHARE.  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 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.