Parker-Hannifin (PH) Revenue — Quarter Ended Sep 30, 2023
Revenue declined from the immediate prior quarter but increased compared to the same quarter a year earlier. The year-over-year growth was driven by higher sales across both aerospace and industrial segments, along with contributions from recent acquisitions.
Key takeaway
Quarter ended Sep 30, 2023 · FY2024 Q1
Revenue declined from the immediate prior quarter but increased compared to the same quarter a year earlier. The year-over-year growth was driven by higher sales across both aerospace and industrial segments, along with contributions from recent acquisitions.
Financial snapshot
Reported revenue, sequential change, year-over-year change, and trailing four-quarter revenue.
Quarter revenue
$4.8B
Revenue reported for this quarter.
Quarter-over-quarter
-4.9%
Change from the immediately preceding quarter.
Year-over-year
+14.5%
Change from the comparable year-ago quarter.
Trailing four quarters
$19.7B
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 |
|---|---|---|
| Dec 31, 2022 | $4.7B | +22.2% |
| Mar 31, 2023 | $5.1B | +23.9% |
| Jun 30, 2023 | $5.1B | +21.7% |
| Sep 30, 2023 | $4.8B | +14.5% |
Revenue performance
Sequential revenue decreased, while year-over-year revenue rose. The improvement from the prior year was supported by broad-based strength in the Aerospace Systems and Diversified Industrial segments.
Quarterly comparison
Compared to the preceding quarter, revenue was lower; however, versus the same quarter last year, revenue was higher. The annual comparison reflects gains in both segments and incremental contributions from acquisitions.
What to watch
Monitor the sustainability of acquisition-driven growth and the impact of foreign exchange fluctuations on international operations.