Parker Hannifin Files 2024 Annual Report
Ticker: PH · Form: 10-K · Filed: Aug 22, 2024 · CIK: 76334
Sentiment: neutral
Topics: 10-K, annual-report, financials
TL;DR
Parker Hannifin dropped its 2024 10-K. Check financials.
AI Summary
Parker Hannifin Corp. reported its fiscal year results ending June 30, 2024. The company's 10-K filing details its financial performance and operational highlights. Key financial figures and strategic information are disclosed within this comprehensive annual report.
Why It Matters
This filing provides investors and stakeholders with a detailed overview of Parker Hannifin's financial health, strategic direction, and risk factors for the past fiscal year.
Risk Assessment
Risk Level: low — This is a standard annual financial filing with no immediate red flags.
Key Players & Entities
- PARKER HANNIFIN CORP (company) — Filer
- 20240630 (date) — Fiscal Year End
- OH (location) — State of Incorporation
- 6035 PARKLAND BOULEVARD (address) — Business Address
- CLEVELAND (location) — City
- 44124-4141 (zip_code) — Business Address Zip
- 2168963000 (phone_number) — Business Phone
- PARKER APPLIANCE CO (company) — Former Company Name
- 19670907 (date) — Date of Name Change
FAQ
What is Parker Hannifin Corp's fiscal year end?
Parker Hannifin Corp's fiscal year ends on June 30, as indicated by the 'FISCAL YEAR END: 0630' in the filing.
Where is Parker Hannifin Corp headquartered?
Parker Hannifin Corp is headquartered in Cleveland, OH, with its business address listed as 6035 Parkland Boulevard, Cleveland, OH 44124-4141.
What was the previous name of Parker Hannifin Corp?
The previous name of Parker Hannifin Corp was Parker Appliance Co, with a name change date of September 7, 1967.
What is the SEC file number for this 10-K filing?
The SEC file number for this 10-K filing is 001-04982.
What is the SIC code for Parker Hannifin Corp?
The Standard Industrial Classification (SIC) code for Parker Hannifin Corp is 3490, categorized under Miscellaneous Fabricated Metal Products.
Filing Stats: 4,425 words · 18 min read · ~15 pages · Grade level 13.8 · Accepted 2024-08-22 07:27:08
Key Financial Figures
- $19.9 billion — and Aerospace Systems. Of the Company's $19.9 billion in net sales for fiscal year 2024, Dive
- $10.9 billion — ed herein by reference. Our backlog was $10.9 billion at June 30, 2024 and $11.0 billion at J
- $11.0 billion — was $10.9 billion at June 30, 2024 and $11.0 billion at June 30, 2023. Approximately 73 perc
Filing Documents
- ph-20240630.htm (10-K) — 2389KB
- ph6302024ex1910-k.htm (EX-19) — 79KB
- ph6302024ex2110-k.htm (EX-21) — 40KB
- ph6302024ex2310-k.htm (EX-23) — 3KB
- ph6302024ex2410-k.htm (EX-24) — 24KB
- ph6302024ex31a10-k.htm (EX-31.A) — 10KB
- ph6302024ex31b10-k.htm (EX-31.B) — 10KB
- ph6302024ex3210-k.htm (EX-32) — 6KB
- ph6302024ex9710-k.htm (EX-97) — 26KB
- image_0a.jpg (GRAPHIC) — 6KB
- 0000076334-24-000044.txt ( ) — 15414KB
- ph-20240630.xsd (EX-101.SCH) — 95KB
- ph-20240630_cal.xml (EX-101.CAL) — 159KB
- ph-20240630_def.xml (EX-101.DEF) — 590KB
- ph-20240630_lab.xml (EX-101.LAB) — 1233KB
- ph-20240630_pre.xml (EX-101.PRE) — 936KB
- ph-20240630_htm.xml (XML) — 2679KB
Risk Factors
Item 1A. Risk Factors 8
Unresolved Staff Comments
Item 1B. Unresolved Staff Comments 15
Cybersecurity
Item 1C. Cybersecurity 15
Properties
Item 2. Properties 17
Legal Proceedings
Item 3. Legal Proceedings 17
Mine Safety Disclosures
Item 4. Mine Safety Disclosures 17 PART II Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities 17
[Reserved]
Item 6. [Reserved] 17
Management's Discussion and Analysis of Financial Condition and Results of Operations
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations 18
Quantitative and Qualitative Disclosures About Market Risk
Item 7A. Quantitative and Qualitative Disclosures About Market Risk 30
Financial Statements and Supplementary Data
Item 8. Financial Statements and Supplementary Data 31
Changes in and Disagreements with Accountants on Accounting and Financial Disclosure
Item 9. Changes in and Disagreements with Accountants on Accounting and Financial Disclosure 69
Controls and Procedures
Item 9A. Controls and Procedures 69
Other Information
Item 9B. Other Information 69
Disclosure Regarding Foreign Jurisdictions that Prevent Inspections
Item 9C. Disclosure Regarding Foreign Jurisdictions that Prevent Inspections 69 PART III Item 10. Directors, Executive Officers and Corporate Governance 69
Executive Compensation
Item 11. Executive Compensation 69
Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters
Item 12. Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters 70
Certain Relationships and Related Transactions, and Director Independence
Item 13. Certain Relationships and Related Transactions, and Director Independence 70
Principal Accountant Fees and Services
Item 14. Principal Accountant Fees and Services 70 PART IV Item 15. Exhibits and Financial Statement Schedules 71
Signatures
Signatures 77 1 Table of Contents PARKER-HANNIFIN CORPORATION FORM 10-K Fiscal Year Ended June 30, 2024 PART I ITEM 1 . Business . Parker-Hannifin Corporation was incorporated in Ohio in 1938. As used in this Annual Report on Form 10-K, unless the context otherwise requires, the terms "Company", "Parker", "we" or "us" refer to Parker-Hannifin Corporation and its subsidiaries, and the term "year" and references to specific years refer to the applicable fiscal year. Parker is a global leader in motion and control technologies. Leveraging a unique combination of interconnected technologies, we design, manufacture, and provide aftermarket support for highly engineered solutions that create value for customers primarily in aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration markets around the world. Parker values having a decentralized operating structure that fosters deeper connections with our customers and greater engagement among our team members. To align our operations and achieve our goal of top quartile performance, we deploy our business system, The Win Strategy TM , which establishes goals and strategies for engaged people, customer experience, profitable growth and financial performance. Underpinning this business system is our culture of safety, collaboration, continuous improvement, and team-based problem solving. Together our goals, strategies, and culture help us to fulfill our purpose: Enabling Engineering Breakthroughs that Lead to a Better Tomorrow. We credit the Win Strategy with leading Parker through a period of sustained operational excellence and transformation and believe it is the foundation for achieving our future goals. Our investor relations website address is investors.parker.com . We make available free of charge on or through our website our annual report on Form 10-K, quarterly reports on Form 10-Q, current reports on Form 8-K, and any amendments to those repor