Parker reports fiscal 2024 first quarter results

Cleveland, nov. 02, 2023 (globe newswire) -- parker hannifin corporation (nyse: ph), the global leader in motion and control technologies, today reported results for the fiscal 2024 first quarter ended september 30, 2023. sales were a record at $4.8 billion, an increase of 15%, compared with $4.2 billion in the first quarter of fiscal 2023. net income was $650.8 million compared with $387.9 million in the prior year quarter. adjusted net income was $776.4 million, an increase of 26% compared with $615.5 million in the first quarter of fiscal 2023. earnings per share were $4.99 compared with $2.98 in the first quarter of fiscal 2023. adjusted earnings per share increased 26% to $5.96 compared with $4.74 in the prior year quarter. fiscal 2024 year-to-date cash flow from operations was $650.0 million, or 13.4% of sales compared with $457.4 million, or 10.8% 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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