Parker reports fiscal 2024 third quarter results

Cleveland, may 02, 2024 (globe newswire) -- parker hannifin corporation (nyse: ph), the global leader in motion and control technologies, today reported results for the fiscal 2024 third quarter ended march 31, 2024. sales were $5.07 billion compared with $5.06 billion in the third quarter of fiscal 2023. net income was $726.6 million compared with $590.9 million in the prior year quarter. adjusted net income was $850.7 million, an increase of 10% compared with $771.9 million in the third quarter of fiscal 2023. earnings per share were $5.56 compared with $4.54 in the prior year quarter. adjusted earnings per share increased 10% to a record at $6.51 compared with $5.93 in the third quarter of fiscal 2023. fiscal 2024 year-to-date cash flow from operations increased 20% to a record $2.1 billion, or 14.6% of sales, compared with $1.8 billion, or 12.8% of sales, in the prior year. a reconciliation of non-gaap measures is included in the financial tables of this press release.
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