Articles from Parker-Hannifin Corporation

Record segment operating margin, EPS and YTD cash flow from operations

CLEVELAND, Jan. 23, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of February 7, 2025. The dividend is payable March 7, 2025.

CLEVELAND, Jan. 21, 2025 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 second quarter earnings before the market opens on Thursday, January 30, 2025, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 second quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Nov. 06, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Robert W. Baird Global Industrial Conference in Chicago, Illinois on November 13, 2024 at 10:50 a.m. Central time (11:50 a.m. Eastern time).

CLEVELAND, Nov. 04, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced it has completed the previously announced divestiture of its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. 

Record sales, segment operating margin and earnings per share; EPS outlook increased

CLEVELAND, Oct. 23, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of November 8, 2024. The dividend is payable December 6, 2024.

CLEVELAND, Oct. 21, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2025 first quarter earnings before the market opens on Thursday, October 31, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2025 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Oct. 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 23, 2024, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker's investor information website at investors.parker.com and will be archived on the site for one year.

CLEVELAND, Aug. 27, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Jefferies Industrials Conference in New York City on September 5, 2024 at 11:00 a.m. Eastern time.

CLEVELAND, Aug. 15, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of August 28, 2024. The dividend is payable September 13, 2024.

Strong Fourth Quarter Caps Record Year; Guidance and FY29 Targets Point to Bright Future

CLEVELAND, July 31, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 fourth quarter and full year earnings before the market opens on Thursday, August 8, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 fourth quarter and full year results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, July 29, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced it has signed an agreement to divest its North America Composites and Fuel Containment (CFC) Division to private investment firm SK Capital Partners. With the completion of this transaction the company will have successfully divested businesses and product lines over the past three years that total nearly $450 million in annual sales. The transaction is subject to customary closing conditions.

CLEVELAND, July 10, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced the election of E. Jean Savage to its Board of Directors, effective July 10, 2024.

CLEVELAND, May 16, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today hosted its 2024 investor meeting where members of the Office of the Chief Executive presented an update on the company’s ongoing transformation, detailed how Parker is positioned for continued growth from secular trends, reinforced the importance of The Win StrategyTM in driving growth and margin expansion, and announced new five-year financial performance targets for fiscal year 2029. The Win StrategyTM is the Parker business system and establishes goals and strategies for engaged people, premier customer experience, profitable growth and financial performance.

CLEVELAND, May 02, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), 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.

CLEVELAND, April 25, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a quarterly cash dividend of $1.63 per share of common stock to shareholders of record as of May 10, 2024. The dividend is payable June 7, 2024. The dividend represents a 10% increase over the previous quarterly cash dividend of $1.48 per common share and will be the 296th consecutive quarterly dividend paid by the company.

CLEVELAND, April 22, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 third quarter earnings before the market opens on Thursday, May 2, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 third quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at investors.parker.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, April 03, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will host its 2024 Investor Meeting in New York City on Thursday, May 16, 2024 beginning at 2:00 p.m. Eastern time. The in-person event will be by invitation only. A live video webcast of the event can be accessed on Parker's investor relations website at investors.parker.com and will be archived on the site for replay.

CLEVELAND, March 12, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Bank of America Global Industrials Conference in London, England on March 19, 2024 at 11:25 a.m. Greenwich Mean Time (7:25 a.m. Eastern Time). 

CLEVELAND, Feb. 22, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Evercore ISI Industrial Conference in New York, New York on March 5, 2024 at 11:20 a.m. Eastern time.

CLEVELAND, Feb. 15, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Barclays 41st Annual Industrial Select Conference in Miami, Florida on February 21, 2024, at 10:20 a.m. Eastern time.

CLEVELAND, Feb. 13, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at Citi’s 2024 Global Industrial Tech and Mobility Conference in Miami, Florida on February 20, 2024 at 11:20 a.m. Eastern time.

CLEVELAND, Feb. 01, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), 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.

CLEVELAND, Jan. 25, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.48 per share of common stock to shareholders of record as of February 9, 2024. The dividend is payable March 1, 2024.

CLEVEAND, Jan. 24, 2024 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 second quarter earnings before the market opens on Thursday, February 1, 2024, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 second quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Dec. 19, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced it will design and implement advanced control systems for New York Yacht Club American Magic racing yachts and support the challenger’s pursuit of the 37th America’s Cup. 

CLEVELAND, Nov. 07, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today released its fiscal year 2023 Sustainability Report. Under the theme “Guided by Purpose,” the report highlights the success of Parker’s most recent actions to protect the environment, advance clean technologies, create safe industrial workplaces and strengthen its communities.

CLEVELAND, Nov. 03, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Robert W. Baird Global Industrial Conference in Chicago, Illinois on November 7, 2023 at 11:25 a.m. Central time (12:25 a.m. Eastern time).

CLEVELAND, Nov. 02, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), 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.

CLEVELAND, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that William R. “Skip” Bowman, Vice President and President – Fluid Connectors Group, and Roger S. Sherrard, Vice President and President – Aerospace Group, will retire on December 31, 2023, after 40 and 34 years of service to the company, respectively. 

CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.48 per share of common stock to shareholders of record as of November 13, 2023. The dividend is payable December 1, 2023.

CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that Lee C. Banks, Vice Chairman and President and a Director, will retire on December 31, 2023, after 32 years of dedicated service to the company. Andrew D. Ross, currently Chief Operating Officer, has been elected by the Board of Directors as President and Chief Operating Officer, effective January 1, 2024. 

CLEVELAND, Oct. 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has elected Jennifer A. Parmentier, currently Chief Executive Officer and a Director, as Chairman of the Board, effective January 1, 2024. Ms. Parmentier will succeed Thomas L. Williams, Executive Chairman, who will retire on December 31, 2023, as previously announced. 

CLEVELAND, Oct. 23, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2024 first quarter earnings before the market opens on Thursday, November 2, 2023, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2024 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Oct. 18, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 25, 2023, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker's investor information website at www.phstock.com and will be archived on the site for one year.

CLEVELAND, Sept. 06, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Morgan Stanley Annual Laguna Conference in Dana Point, California on September 13, 2023 at 9:55 a.m. Pacific time (12:55 p.m. Eastern time).

CLEVELAND, Sept. 05, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced the election of Denise Russell Fleming to its Board of Directors, effective September 1, 2023.

CLEVELAND, Aug. 17, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.48 per share of common stock to shareholders of record as of August 28, 2023. The dividend is payable September 8, 2023.

Fiscal 2023 Fourth Quarter Highlights:-     Sales increased 22% to a record of $5.1 billion; organic sales increased 6%-     Total segment operating margin was 22.1%, or a record 24.0% adjusted-     EPS were $5.44, or a record of $6.08 adjusted-     Debt reduction of $846 million in the quarter

CLEVELAND, July 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2023 fourth quarter and full year earnings before the market opens on Thursday, August 3, 2023, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2023 fourth quarter and full year results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, June 07, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Wells Fargo Industrials Conference in Chicago, Illinois on June 14, 2023 at 11:00 a.m. Central time (12:00 p.m. Eastern time).

- Record sales, and adjusted segment operating margin, EBITDA margin, net income and EPS- Sales increased 24% to $5.1 billion; organic sales increased 12%- Segment operating margin was 18.8%, or 23.2% adjusted, an increase of 50 bps- Net income was $590.9 million, or $771.9 million adjusted- EBITDA margin was 22.4%, or 24.2% adjusted, an increase of 160 bps- EPS were $4.54, or $5.93 adjusted, an increase of 23%- Debt reduction of $615 million in the quarter- Company increases full year organic growth and adjusted EPS guidance

CLEVELAND, April 27, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.48 per share of common stock to shareholders of record as of May 12, 2023. The dividend is payable June 2, 2023. The dividend represents an 11% increase over the previous quarterly cash dividend of $1.33 per common share and is the company's 292ndconsecutive quarterly dividend.  

CLEVELAND, April 25, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2023 third quarter earnings before the market opens on Thursday, May 4, 2023, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2023 third quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, March 09, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Bank of America Global Industrials Conference in London, England on March 22, 2023 at 1:05 p.m. Greenwich Mean Time (9:05 a.m. Eastern Time). 

CLEVELAND, Feb. 28, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Evercore ISI Industrial Conference in New York, New York on March 7, 2023 at 11:00 a.m. Eastern time.

CLEVELAND, Feb. 16, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Citi Global Industrial Tech and Mobility Conference in Miami, Florida on February 23, 2023 at 10:30 a.m. Eastern time.

CLEVELAND, Feb. 15, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Barclays Industrial Select Conference in Miami Beach, Florida on February 22, 2023 at 10:55 a.m. Eastern time.

CLEVELAND, Feb. 02, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today reported results for the fiscal 2023 second quarter ended December 31, 2022. Fiscal 2023 second quarter sales were a record at $4.67 billion, an increase of 22%, compared with $3.82 billion in the second quarter of fiscal 2022. Net income was $395.2 million compared with $387.6 million in the prior year quarter. Adjusted net income was $618.9 million, an increase of 6% compared with $582.2 million in the second quarter of fiscal 2022. Earnings per share were $3.04 compared with $2.97 in the second quarter of fiscal 2022. Adjusted earnings per share increased 7% to a record of $4.76 compared with $4.46 in the prior year quarter. Fiscal 2023 year-to-date cash flow from operations was $1.08 billion, or 12.1% of sales, compared with $1.01 billion, or 13.3% of sales, in the prior year. A reconciliation of non-GAAP measures is included in the financial tables of this press release and includes various expenses associated with the completion of the acquisition of Meggitt plc and the related divestiture of the Aircraft Wheel and Brake Division during fiscal 2023.

CLEVELAND, Jan. 26, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.33 per share of common stock to shareholders of record as of February 10, 2023. The dividend is payable March 3, 2023.

CLEVELAND, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2023 second quarter earnings before the market opens on Thursday, February 2, 2023, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2023 second quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Nov. 04, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Robert W. Baird Global Industrial Conference in Chicago, Illinois on November 8, 2022 at 10:15 a.m. Central time (11:15 a.m. Eastern time).

- Record sales and record adjusted total segment operating margin, net income and EPS- Sales increased 12% to $4.23 billion; organic sales increased 14%- Total segment operating margin was 19.8%, or 22.7% adjusted, an increase of 70 basis points- Net income was $387.9 million, or $615.5 million adjusted- EPS were $2.98, or $4.74 adjusted- EBITDA margin was 18.3%, or 23.3% adjusted, an increase of 120 basis points- Company increases full year organic growth and adjusted EPS guidance

CLEVELAND, Oct. 28, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will release its fiscal 2023 first quarter earnings before the market opens on Thursday, November 3, 2022, followed by a conference call at 11:00 a.m., Eastern time. During the call, the company will discuss fiscal 2023 first quarter results and respond to questions from institutional investors and security analysts. The conference call will be webcast simultaneously on Parker's investor information website at www.phstock.com with an accompanying slide presentation. The webcast will be archived on the site and available for replay later that day.

CLEVELAND, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.33 per share of common stock to shareholders of record as of November 14, 2022. The dividend is payable December 2, 2022.

CLEVELAND, Oct. 26, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that its Board of Directors has elected William R. “Skip” Bowman, as Vice President and President – Fluid Connectors Group, effective January 1, 2023. Mr. Bowman will succeed Andrew D. Ross, who, as previously announced, was elected to the role of Chief Operating Officer, effective January 1, 2023.

- Thomas L. Williams to Continue as Executive Chairman for Transition Period

CLEVELAND, Oct. 19, 2022 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSEPH), the global leader in motion and control technologies, today announced that it will webcast its Annual Meeting of Shareholders, which is scheduled for Wednesday, October 26, 2022, at 9:00 a.m., Eastern time. The webcast will be accessible on Parker's investor information website at www.phstock.com and will be archived on the site for one year.