Parker-Hannifin Non-GAAP EPS of $5.96 beats by $0.65, revenue of $4.85B misses by $30M

• Parker-Hannifin press release (NYSE:PH): Q1 Non-GAAP EPS of $5.96 beats by $0.65.
• Revenue of $4.85B (+14.7% Y/Y) misses by $30M.
• Outlook: Parker's outlook for the fiscal year ending June 30, 2024 has been updated. The company expects total sales growth in fiscal 2024 to be in the range of 2.5% to 5.5%; total segment operating margin in the range of 20.0% to 20.4%, or 23.4% to 23.8% on an adjusted basis; and earnings per share in the range of $18.73 to $19.53, or $22.60 to $23.40 on an adjusted basis.

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