Parker-Hannifin Q2 2025 Filing Released

TL;DR

PH filed its Q2 2025 10-Q. Financials for period ending 12/31/24 are in.

AI Summary

Parker-Hannifin Corp reported its Q2 2025 results for the period ending December 31, 2024. The company's fiscal year ends on June 30th. Key financial data and segment information are included in this filing, which covers the second quarter of fiscal year 2025.

Why It Matters

This 10-Q filing provides investors with Parker-Hannifin's financial performance and operational details for the second quarter of fiscal year 2025, crucial for investment decisions.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

• Q2 2025 — Fiscal Quarter (Reporting period for this 10-Q filing)
• 2024-12-31 — Period End Date (The end date of the financial reporting period)

Key Players & Entities

• Parker-Hannifin Corp (company) — Filer of the 10-Q
• 2024-12-31 (date) — End of the reporting period
• 2025-01-31 (date) — Filing date
• 6035 PARKLAND BOULEVARD (address) — Company's business and mailing address
• CLEVELAND (city) — Company's headquarters city
• OH (state) — Company's headquarters state

FAQ

Filing Documents

• ph-20241231.htm (10-Q) — 1178KB
• ph12312024ex31a.htm (EX-31.A) — 10KB
• ph12312024ex31b.htm (EX-31.B) — 10KB
• ph12312024ex32.htm (EX-32) — 6KB
• 0000076334-25-000011.txt ( ) — 7354KB
• ph-20241231.xsd (EX-101.SCH) — 43KB
• ph-20241231_cal.xml (EX-101.CAL) — 74KB
• ph-20241231_def.xml (EX-101.DEF) — 176KB
• ph-20241231_lab.xml (EX-101.LAB) — 572KB
• ph-20241231_pre.xml (EX-101.PRE) — 403KB
• ph-20241231_htm.xml (XML) — 1315KB

- FINANCIAL INFORMATION

PART I - FINANCIAL INFORMATION

FINANCIAL STATEMENTS

ITEM 1. FINANCIAL STATEMENTS PARKER-HANNIFIN CORPORATION CONSOLIDATED STATEMENT OF INCOME (Dollars in thousands, except per share amounts) (Unaudited) Three Months Ended Six Months Ended December 31, December 31, 2024 2023 2024 2023 Net sales $ 4,742,593 $ 4,820,947 $ 9,646,577 $ 9,668,435 Cost of sales 3,022,229 3,101,962 6,119,948 6,199,311 Selling, general and administrative expenses 782,421 806,802 1,631,210 1,680,493 Interest expense 100,802 129,029 213,893 263,497 Other income, net ( 328,716 ) ( 85,011 ) ( 359,517 ) ( 163,466 ) Income before income taxes 1,165,857 868,165 2,041,043 1,688,600 Income taxes 217,208 186,108 393,866 355,471 Net income 948,649 682,057 1,647,177 1,333,129 Less: Noncontrolling interest in subsidiaries' earnings 107 206 215 451 Net income attributable to common shareholders $ 948,542 $ 681,851 $ 1,646,962 $ 1,332,678 Earnings per share attributable to common shareholders: Basic $ 7.37 $ 5.31 $ 12.80 $ 10.38 Diluted $ 7.25 $ 5.23 $ 12.60 $ 10.23 See accompanying notes to consolidated financial statements. - 2 - PARKER-HANNIFIN CORPORATION CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME (Dollars in thousands) (Unaudited) Three Months Ended Six Months Ended December 31, December 31, 2024 2023 2024 2023 Net income $ 948,649 $ 682,057 $ 1,647,177 $ 1,333,129 Less: Noncontrolling interests in subsidiaries' earnings 107 206 215 451 Net income attributable to common shareholders 948,542 681,851 1,646,962 1,332,678 Other comprehensive (loss) income, net of tax Foreign currency translation adjustment ( 449,152 ) 272,235 ( 104,606 ) 49,703 Retirement benefits plan activity 3,410 1,911 6,861 2,729 Other comprehensive (loss) income ( 445,742 ) 274,146 ( 97,745 ) 52,432 Less: Other comprehensive (loss) income for noncontrolling interests ( 1,048 ) 415 ( 628 ) 776 Other comprehensive (loss) income attributable to common shareholders ( 444,694 ) 273,731 ( 97,117 ) 51,656 Total comprehensive income attribu

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS (Dollars in thousands, except per share amounts or as otherwise noted) As used in this Quarterly Report on Form 10-Q, unless the context otherwise requires, the terms "Company", "Parker", "we" or "us" refer to Parker-Hannifin Corporation and its subsidiaries. 1. Management representation In the opinion of the management of the Company, the accompanying unaudited consolidated financial statements contain all adjustments (consisting of only normal recurring adjustments) necessary to present fairly the Company's financial position as of December 31, 2024, the results of operations for the three and six months ended December 31, 2024 and 2023 and cash flows for the six months then ended. These financial statements should be read in conjunction with the consolidated financial statements and related notes included in the Company's 2024 Annual Report on Form 10-K. Subsequent Events The Company has evaluated subsequent events that occurred through the date these financial statements were issued. No subsequent events have occurred that required adjustment to or disclosure in these financial statements. 2. New accounting pronouncements In November 2024, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2024-03, "Income Statement - Reporting Comprehensive Income - Expense Disaggregation Disclosures (Subtopic 220-40): Disaggregation of Income Statement Expenses," which requires expanded interim and annual disclosures of expense information, including the amounts of inventory purchases, employee compensation, depreciation, amortization and depletion within commonly presented expense captions during the period. The amendments are effective for annual reporting periods beginning after December 15, 2026, and interim reporting periods beginning after December 15, 2027. Early adoption is permitted. The amendments should be applied either (1) prospectively to financial statements issued for

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