Parker reports fiscal 2021 fourth quarter and full year results and issues guidance for fiscal 2022

Cleveland, aug. 05, 2021 (globe newswire) -- parker hannifin corporation (nyse: ph), the global leader in motion and control technologies, today reported results for the fiscal 2021 fourth quarter and full year ended june 30, 2021. fiscal 2021 fourth quarter sales were an all-time quarterly record at $3.96 billion, an increase of 25% compared with $3.16 billion in the fourth quarter of fiscal 2020. net income was also a record at $504.8 million, an increase of 74% compared with $289.5 million in the prior year quarter. fiscal 2021 fourth quarter earnings per share were also an all-time quarterly record at $3.84, an increase of 72% compared with $2.23 in the fourth quarter of fiscal 2020. adjusted earnings per share increased 46% to $4.38 compared with adjusted earnings per share of $2.99 in the prior year quarter. a reconciliation of non-gaap measures is included in the financial tables of this press release.
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