Parker-Hannifin Corporation: Evolution of Win Strategy 3.0 and Margin Expansion!

The Parker-Hannifin Corporation had a strong third-quarter performance in its Fiscal Year 2024, recording record sales of $5.1 billion and a 150 basis point improvement in its margins on the prior year. The CFO, Todd Leombruno, attributed the record levels of sales, segment operating income, net income, and earnings per share to the impressive operating performance of the company. Highlights of the quarter included the aerospace segment which drove significant growth and a record operating margin of 26.7%.