Parker-Hannifin (PH) Revenue — Quarter Ended Jun 30, 2023
Revenue for the quarter increased compared to the same period last year and was slightly higher than the prior quarter. Performance was supported by volume growth and contributions from recent acquisitions, partly offset by unfavorable currency effects.
Key takeaway
Quarter ended Jun 30, 2023 · FY2023 Q4
Revenue for the quarter increased compared to the same period last year and was slightly higher than the prior quarter. Performance was supported by volume growth and contributions from recent acquisitions, partly offset by unfavorable currency effects.
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
+0.7%
Change from the immediately preceding quarter.
Year-over-year
+21.7%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.1B
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 |
|---|---|---|
| Sep 30, 2022 | $4.2B | +12.5% |
| Dec 31, 2022 | $4.7B | +22.2% |
| Mar 31, 2023 | $5.1B | +23.9% |
| Jun 30, 2023 | $5.1B | +21.7% |
Revenue performance
The reported revenue reflects continued strength across the Diversified Industrial and Aerospace Systems segments, with acquisitions adding meaningful top-line growth. Currency headwinds partially tempered the overall increase.
Quarterly comparison
Compared to the previous quarter, revenue saw a modest rise, extending the upward trend from earlier in the fiscal year. Relative to the same quarter a year ago, the growth was substantial, underscoring robust demand and the impact of recent acquisitions.
What to watch
Monitoring the trajectory of currency headwinds and the integration of recent acquisitions will be important for assessing future revenue momentum.