Parker-Hannifin (PH) Revenue — Quarter Ended Mar 31, 2024
Revenue for the quarter rose from the prior quarter, driven by higher sales in the Aerospace Systems segment, partially offset by weakness in the Diversified Industrial segment. The year-over-year comparison showed a modest gain, reflecting mixed segment performance and currency headwinds.
Key takeaway
Quarter ended Mar 31, 2024 · FY2024 Q3
Revenue for the quarter rose from the prior quarter, driven by higher sales in the Aerospace Systems segment, partially offset by weakness in the Diversified Industrial segment. The year-over-year comparison showed a modest gain, reflecting mixed segment performance and currency headwinds.
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
+5.3%
Change from the immediately preceding quarter.
Year-over-year
+0.3%
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 |
|---|---|---|
| Jun 30, 2023 | $5.1B | +21.7% |
| Sep 30, 2023 | $4.8B | +14.5% |
| Dec 31, 2023 | $4.8B | +3.1% |
| Mar 31, 2024 | $5.1B | +0.3% |
Revenue performance
Revenue increased compared to the immediately preceding quarter and was slightly higher than the same quarter a year earlier. The Aerospace Systems segment provided the primary upward momentum, while currency exchange rate changes reduced revenue.
Quarterly comparison
Revenue growth accelerated from the prior quarter, but the year-over-year comparison showed only a slight gain, reflecting mixed segment performance and adverse currency effects.
What to watch
The trajectory of Aerospace Systems versus Diversified Industrial revenues and currency translation effects remain key factors to monitor.