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15:00
Apr 30 ◎

PH FY2026 Q3 Watch

Parker-Hannifin Corporation (PH) FY2026 Q3 Earnings Call

CAT ANDURIL PH PCAR DE ▾

Jenny Parmentier

Parker's North American industrial growth was driven by stronger OEM growth in off-highway and transportation, while distribution sales held steady but showed no acceleration, indicating the recovery is still led by long-cycle rather than short-cycle demand. — Signals that agricultural and construction equipment manufacturers are driving demand, while the broader distribution channel remains cautious.

"In North America, this was really driven by stronger OEM growth, and notably this came from off-highway and transportation. Distribution did hold steady, but no real acceleration there yet."

CAT WATCH DE WATCH

Jenny Parmentier

No specific mention of Anduril was identified; this is a placeholder and should be ignored.

"Demand remains robust, orders continue to outpace shipments, and we are on track to finish our fourth consecutive year of double-digit organic growth."

ANDURIL WATCH

Jenny Parmentier

Management raised full-year guidance for both organic growth and EPS, citing broad-based strength across aerospace, defense, and a gradual industrial recovery, indicating a positive outlook.

"We are increasing our organic sales growth guidance from 5% to 5.5% at the midpoint."

PH WATCH

Jenny Parmentier

Heavy-duty truck OEM orders, a core part of the transportation vertical, are increasing, prompting Parker to raise its FY26 sales guidance for the segment from a mid-single-digit decline to a low-single-digit decline. — This suggests a cyclical recovery in commercial vehicle manufacturing, which bodes well for truck OEMs like Paccar.

"Lastly, we are seeing an increase in OEM orders for heavy-duty trucks, our largest platform within transportation, and as a result, are increasing fiscal year 26 sales guidance for this market."

PCAR WATCH

HIGH

16:00
Jan 29 ◎

PH FY2026 Q2 Watch

Parker-Hannifin Corporation (PH) FY2026 Q2 Earnings Call

PH ▾

Jenny Parmentier

Management raised full-year guidance across all major metrics, citing broad-based strength across aerospace, improving industrial conditions, and strong order book. The tone reflects confidence in continued execution and margin expansion.

"We are raising our full-year guidance really across the board here. Reported sales are going up to the range of 5.5% to 7.5%, more 6.5% at the midpoint."

PH WATCH

HIGH

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