Parker-Hannifin: Fiscal Q4 Earnings Snapshot

August 4, 2022 GMT

CLEVELAND (AP) _ Parker-Hannifin Corp. (PH) on Thursday reported fiscal fourth-quarter earnings of $128.8 million.

On a per-share basis, the Cleveland-based company said it had net income of 99 cents. Earnings, adjusted for non-recurring costs, came to $5.16 per share.

The results topped Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $4.67 per share.

The maker of motion and control products posted revenue of $4.19 billion in the period, also exceeding Street forecasts. Four analysts surveyed by Zacks expected $4.09 billion.

For the year, the company reported profit of $1.32 billion, or $10.09 per share. Revenue was reported as $15.86 billion.

Parker-Hannifin expects full-year earnings in the range of $18.10 to $18.90 per share.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on PH at https://www.zacks.com/ap/PH