Parker-Hannifin raises annual profit forecast on aerospace parts demand

Reuters01-29

Parker-Hannifin raises annual profit forecast on aerospace parts demand

Jan 29 (Reuters) - Parker-Hannifin PH.N raised its full-year profit forecast on Thursday, driven by strong aerospace demand and continued growth in its filtration business amid rising needs for cleaner air and water.

Shares of the Mayfield Heights, Ohio-based company were up 5% in premarket trading.

Parker's $9.25 billion acquisition of air and liquid filtration systems maker Filtration Group also expanded its presence in the aftermarket business.

The aftermarket business refers to sales of replacement parts and maintenance products after the original equipment has been sold, providing recurring revenue streams for industrial suppliers seeking stable, higher-margin income.

Parker CEO Jenny Parmentier said the company was raising its full-year outlook "on the strength of robust aerospace demand and a continued gradual recovery in our industrial markets".

The company now expects adjusted 2026 profit between $30.40 per share and $31.00 per share, compared with its prior forecast of $29.60 and $30.40 per share.

Parker, which supplies airframes and engine components to Boeing BA.N and Airbus AIR.PA, posted a second-quarter adjusted profit per share of $7.65, compared with $6.53 per share a year earlier.

The company's total revenue for the quarter ended December 31 was $5.17 billion, up from $4.74 billion a year earlier.

Sales at the company's aerospace systems segment rose 14.5% to $1.71 billion.

(Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Krishna Chandra Eluri)

((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2607080728?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-01-29 21:36","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2607080728","market":"fut","top_or_hot":-1,"title":"Parker-Hannifin raises annual profit forecast on aerospace parts demand","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Parker-Hannifin raises annual profit forecast on aerospace parts demand</title></head><body><p>\n<span>Jan 29 (Reuters)</span><span> - </span>Parker-Hannifin <span>PH.N</span> raised its full-year profit forecast on Thursday, driven by strong aerospace demand and continued growth in its filtration business amid rising needs for cleaner air and water.</p><p>Shares of the Mayfield Heights, Ohio-based company were up 5% in premarket trading.</p><p>Parker's $9.25 billion <span>acquisition</span> of air and liquid filtration systems maker Filtration Group also expanded its presence in the aftermarket business. </p><p>The aftermarket business refers to sales of replacement parts and maintenance products after the original equipment has been sold, providing recurring revenue streams for industrial suppliers seeking stable, higher-margin income.</p><p>Parker CEO Jenny Parmentier said the company was raising its full-year outlook \"on the strength of robust aerospace demand and a continued gradual recovery in our industrial markets\".</p><p>The company now expects adjusted 2026 profit between $30.40 per share and $31.00 per share, compared with its prior forecast of $29.60 and $30.40 per share.    </p><p>Parker, which supplies airframes and engine components to Boeing <span>BA.N</span> and Airbus <span>AIR.PA</span>, posted a second-quarter adjusted profit per share of $7.65, compared with $6.53 per share a year earlier.</p><p>The company's total revenue for the quarter ended December 31 was $5.17 billion, up from $4.74 billion a year earlier. </p><p>Sales at the company's aerospace systems segment rose 14.5% to $1.71 billion.</p><p> (Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Krishna Chandra Eluri)</p><p> ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Parker-Hannifin raises annual profit forecast on aerospace parts demand</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nParker-Hannifin raises annual profit forecast on aerospace parts demand\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2026-01-29 21:36</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Parker-Hannifin raises annual profit forecast on aerospace parts demand</title></head><body><p>\n<span>Jan 29 (Reuters)</span><span> - </span>Parker-Hannifin <span>PH.N</span> raised its full-year profit forecast on Thursday, driven by strong aerospace demand and continued growth in its filtration business amid rising needs for cleaner air and water.</p><p>Shares of the Mayfield Heights, Ohio-based company were up 5% in premarket trading.</p><p>Parker's $9.25 billion <span>acquisition</span> of air and liquid filtration systems maker Filtration Group also expanded its presence in the aftermarket business. </p><p>The aftermarket business refers to sales of replacement parts and maintenance products after the original equipment has been sold, providing recurring revenue streams for industrial suppliers seeking stable, higher-margin income.</p><p>Parker CEO Jenny Parmentier said the company was raising its full-year outlook \"on the strength of robust aerospace demand and a continued gradual recovery in our industrial markets\".</p><p>The company now expects adjusted 2026 profit between $30.40 per share and $31.00 per share, compared with its prior forecast of $29.60 and $30.40 per share.    </p><p>Parker, which supplies airframes and engine components to Boeing <span>BA.N</span> and Airbus <span>AIR.PA</span>, posted a second-quarter adjusted profit per share of $7.65, compared with $6.53 per share a year earlier.</p><p>The company's total revenue for the quarter ended December 31 was $5.17 billion, up from $4.74 billion a year earlier. </p><p>Sales at the company's aerospace systems segment rose 14.5% to $1.71 billion.</p><p> (Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Krishna Chandra Eluri)</p><p> ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0417517546.SGD","symbol_name":"Allianz US Equity Cl AT Acc SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20260129:nL4N3YU1S6:1","article_id":"2607080728","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2607080728","pubTimestamp":1769693770,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Parker-Hannifin raises annual profit forecast on aerospace parts demand Jan 29 (Reuters) - Parker-Hannifin PH.N raised its full-year profit forecast on Thursday, driven by strong aerospace demand and ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0417517546.SGD":"Allianz US Equity Cl AT Acc SGD","LU1435385759.SGD":"Natixis Loomis Sayles US Growth Equity RA SGD-H","LU2264538146.SGD":"Fullerton Lux Funds - Global Absolute Alpha A Acc SGD","LU0256863902.USD":"ALLIANZ US EQUITY \"AT\" (USD) ACC","LU0208291251.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) INC","LU0256863811.USD":"ALLIANZ US EQUITY \"A\" INC","BK4588":"碎股","LU0070302665.USD":"FRANKLIN MUTUAL U.S. VALUE \"A\" (USD) ACC","LU2326559502.SGD":"Natixis Loomis Sayles US Growth Equity P/A SGD-H","PH":"汉尼汾","BK4551":"寇图资本持仓","IE000M9KFDE8.USD":"NEUBERGER BERMAN US LARGE CAP VALUE \"A\" (USD) ACC","LU1064131342.USD":"Fullerton Lux Funds - Global Absolute Alpha A Acc USD","BK4564":"太空概念","LU1988902786.USD":"FULLERTON LUX FUNDS GLOBAL ABSOLUTE ALPHA \"I\" (USD) ACC","BK4187":"航天航空与国防","BK4161":"工业机械","BK4580":"工业 4.0","LU1989772840.SGD":"CPR Invest - Climate Action A2 Acc SGD-H","LU0320765489.SGD":"FTIF - Franklin Mutual US Value A Acc SGD","BK4516":"特朗普概念","BK4585":"ETF&股票定投概念","LU1989772923.USD":"CPR Invest - Climate Action A2 Acc USD-H","LU0211331839.USD":"FRANKLIN MUTUAL GLB DISCOVERY \"A\" (USD) ACC","LU1429558221.USD":"Natixis Loomis Sayles US Growth Equity RA USD"},"translate_title":"派克汉尼汾上调航空零部件需求年度利润预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PH":0.9},"content_text":"Parker-Hannifin raises annual profit forecast on aerospace parts demand\nJan 29 (Reuters) - Parker-Hannifin PH.N raised its full-year profit forecast on Thursday, driven by strong aerospace demand and continued growth in its filtration business amid rising needs for cleaner air and water.Shares of the Mayfield Heights, Ohio-based company were up 5% in premarket trading.Parker's $9.25 billion acquisition of air and liquid filtration systems maker Filtration Group also expanded its presence in the aftermarket business. The aftermarket business refers to sales of replacement parts and maintenance products after the original equipment has been sold, providing recurring revenue streams for industrial suppliers seeking stable, higher-margin income.Parker CEO Jenny Parmentier said the company was raising its full-year outlook \"on the strength of robust aerospace demand and a continued gradual recovery in our industrial markets\".The company now expects adjusted 2026 profit between $30.40 per share and $31.00 per share, compared with its prior forecast of $29.60 and $30.40 per share.    Parker, which supplies airframes and engine components to Boeing BA.N and Airbus AIR.PA, posted a second-quarter adjusted profit per share of $7.65, compared with $6.53 per share a year earlier.The company's total revenue for the quarter ended December 31 was $5.17 billion, up from $4.74 billion a year earlier. Sales at the company's aerospace systems segment rose 14.5% to $1.71 billion. (Reporting by Megavarshini G. Somasundaram in Bengaluru; Editing by Krishna Chandra Eluri) ((Megavarshini.SomasundaramGnanasundari@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"tenantId":"TBGLOBAL","deviceId":"web-server-community-laohu8-v3","version":"4.36.2","shortVersion":"4.36.2","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2607080728","isCrawlerRequest":true}