Parker reports fiscal 2024 second quarter results

Cleveland, feb. 01, 2024 (globe newswire) -- parker hannifin corporation (nyse: ph), the global leader in motion and control technologies, today reported results for the fiscal 2024 second quarter ended december 31, 2023. sales were a record at $4.8 billion, an increase of 3%, compared with $4.7 billion in the second quarter of fiscal 2023. net income was $681.9 million compared with $395.2 million in the prior year quarter. adjusted net income was $802.4 million, an increase of 30% compared with $618.9 million in the second quarter of fiscal 2023. earnings per share were $5.23 compared with $3.04 in the prior year quarter. adjusted earnings per share increased 29% to $6.15 compared with $4.76 in the second quarter of fiscal 2023. fiscal 2024 year-to-date cash flow from operations increased 26% to $1.4 billion, or 14.0% of sales, compared with $1.1 billion, or 12.1% 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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