Parker-Hannifin (PH) Revenue — Quarter Ended Mar 31, 2023
Revenue increased in the current quarter compared to both the preceding quarter and the same quarter last year. The company attributed the growth to higher sales across its segments and recent acquisitions.
Key takeaway
Quarter ended Mar 31, 2023 · FY2023 Q3
Revenue increased in the current quarter compared to both the preceding quarter and the same quarter last year. The company attributed the growth to higher sales across its segments and recent acquisitions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$5.1B
Revenue reported for this quarter.
Quarter-over-quarter
+8.3%
Change from the immediately preceding quarter.
Year-over-year
+23.9%
Change from the comparable year-ago quarter.
Trailing four quarters
$18.2B
Sum of the latest four reported quarters.
Quarterly revenue trend
The latest four reported quarters with year-over-year comparisons.
| Period ended | Revenue | Year-over-year change |
|---|---|---|
| Jun 30, 2022 | $4.2B | +5.8% |
| Sep 30, 2022 | $4.2B | +12.5% |
| Dec 31, 2022 | $4.7B | +22.2% |
| Mar 31, 2023 | $5.1B | +23.9% |
Revenue performance
The reported revenue direction was positive, with sequential growth from the prior quarter. The year-over-year comparison also showed a significant increase.
Quarterly comparison
Compared to the immediately preceding quarter, revenue increased. Compared to the same quarter one year earlier, revenue was also higher.
What to watch
The filing noted that currency rate changes had a negative impact on sales; this factor may warrant monitoring in future periods.