Parker-Hannifin's first quarter 2027 adjusted EPS of $8.90 beat estimates as margins expanded

Parker-Hannifin reported record first quarter 2027 results, surpassing analyst expectations for both revenue and earnings. The company achieved record sales of $6.0 billion and a record adjusted segment operating margin of 28.6%, driven by strong demand across all market verticals. Total backlog reached a new record of $13.7 billion, prompting management to raise its full-year fiscal 2027 outlook for organic growth and adjusted EPS.

Key Highlights

• Record adjusted EPS of $8.90 increased 23% year-over-year, significantly beating the $8.23 estimate.
• Organic sales grew 11.5% during the quarter, with acquisitions adding another 7% to total sales growth.
• Aerospace Systems segment revenue reached $1.87 billion with record adjusted operating margins of 30.7%.
• The company completed the acquisition of Filtration Group Corporation, which is expected to bolster the aftermarket filtration business.