Parker-Hannifin Lifts Annual Outlook After Q3 Earnings Beat
The company raised its 2026 adjusted profit forecast to $31.20 per share after reporting strong aerospace sales. Quarterly revenue reached $5.49 billion.
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PARKER HANNIFIN CORP raised its 2026 adjusted profit forecast to $31.20 per share following a $5.49 billion revenue beat in the third quarter. The United States-based supplier surpassed the $5.40 billion revenue and $7.83 EPS targets set by LSEG-tracked analysts. High-margin aftermarket sales for BOEING CO/THE and AIRBUS SE are driving recurring revenue growth as global flight hours increase.
