Quarter ended Dec 31, 2023 · FY2024 Q2

Parker-Hannifin (PH) Revenue — Quarter Ended Dec 31, 2023

Revenue for the December quarter rose compared to the same period last year but declined slightly from the preceding quarter. The year-over-year increase was driven by higher sales in the Aerospace Systems Segment, partially offset by a decline in the Diversified Industrial Segment.

Key takeaway

Quarter ended Dec 31, 2023 · FY2024 Q2

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

-0.5%

Change from the immediately preceding quarter.

Year-over-year

+3.1%

Change from the comparable year-ago quarter.

Trailing four quarters

$19.8B

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
Mar 31, 2023	$5.1B	+23.9%
Jun 30, 2023	$5.1B	+21.7%
Sep 30, 2023	$4.8B	+14.5%
Dec 31, 2023	$4.8B	+3.1%

Revenue performance

The reported revenue direction was a marginal sequential decline, reflecting a softer performance in the Diversified Industrial Segment despite growth in Aerospace Systems. Compared with the same quarter a year earlier, revenue increased, supported by aerospace demand and favorable currency effects.

Quarterly comparison

Revenue was lower than the immediately preceding quarter, with the sequential change pointing to a moderation from prior quarters. On a year-over-year basis, revenue grew, continuing the upward trend from the prior year’s same period.

What to watch

Monitor the trajectory of the Diversified Industrial Segment, as its decline partially offset strong aerospace performance.