Parker Reports Record Fiscal 2026 Fourth Quarter and Full Year Results

CLEVELAND, Aug. 06, 2026 (GLOBE NEWSWIRE) — Pa ke Ha ifi Co po atio (NYSE: PH), the global leade i motio a d co t ol tech ologies, today epo ted esults fo the qua te a d fiscal yea e ded Ju e 30, 2026, that i cluded the followi g highlights (compa ed with the p io yea pe iod):

Fiscal 2026 Fou th Qua te Highlights:

• Sales i c eased 9.8% to a eco d $5.8 billio ; o ga ic sales i c eased 8.0%
• Net i come was $1.1 billio , a i c ease of 18%, o $1.2 billio adjusted, a i c ease of 20%
• EPS i c eased 19% to $8.54, adjusted EPS i c eased 21% to a eco d $9.27
• Segme t ope ati g ma gi was 26.5%, a i c ease of 260 bps, o 28.0% adjusted, a i c ease of 110 bps

Fiscal 2026 Full Yea Highlights:

• Sales i c eased 8.3% to a eco d $21.5 billio ; o ga ic sales i c eased 6.6%
• Net i come was $3.6 billio , a i c ease of 3%, o $4.1 billio adjusted, a i c ease of 16%
• EPS i c eased 5% to $28.48, adjusted EPS i c eased 18% to a eco d $32.31
• Segme t ope ati g ma gi was 24.5%, a i c ease of 150 bps, o 27.3% adjusted, a i c ease of 120 bps
• Cash flow f om ope atio s was a eco d $4.4 billio , o 20.3% of sales
• Completed acquisitio of Cu tis I st ume ts, I c. a d a ou ced ag eeme ts to acqui e Filt atio G oup Co po atio a d CIRCOR’s Comme cial a d Defe se Ae ospace Busi ess
• Retu ed ea ly $2 billio to sha eholde s, th ough a combi atio of sha e epu chases a d divide ds
• I c eased the a ual divide d 11%, ma ki g 70 co secutive fiscal yea s of i c easi g a ual divide ds pe sha e paid

“O behalf of the e ti e leade ship team, tha k you to ou global team membe s fo thei outsta di g co t ibutio s i fiscal yea 2026,” said Je y Pa me tie , Chai ma a d Chief Executive Office . “We had ou safest yea eve , co ti ued e ha ci g ou po tfolio of i te co ected tech ologies th ough st ategic acquisitio s, a d demo st ated ope atio al excelle ce to delive eco d esults. We also etu ed value to sha eholde s with bala ced capital deployme t th ough sha e epu chases a d a divide d i c ease of 11%.   

“We a e fo ecasti g fiscal 2027 to be a eco d yea fo Pa ke suppo ted by a b oade i g ecove y i i dust ial ma kets a d positive o ga ic g owth ac oss all ma ket ve ticals. Ou p ove ability to execute The Wi St ategy™ a d successfully i teg ate acc etive acquisitio s gives us the co fide ce to aise ou adjusted segme t ope ati g ma gi ta get by 300 basis poi ts to 30% by fiscal 2031, afte su passi g ou p evious ma gi ta get of 27% this yea . I additio , we emai committed to achievi g 4 to 6% o ga ic g owth, 17% f ee cash flow ma gi a d g eate tha 10% adjusted ea i gs pe sha e g owth by fiscal 2031. We a e p oud of what Pa ke achieved i fiscal 2026, a d we a e eve mo e excited about the oppo tu ities ahead.”

This ews elease co tai s o -GAAP fi a cial measu es. Reco ciliatio s of adjusted umbe s a d ce tai o -GAAP fi a cial measu es a e i cluded i the fi a cial tables of this p ess elease.

Fiscal 2027 Outlook

The compa y has issued guida ce fo the fiscal yea e di g Ju e 30, 2027 a d oted that it excludes the pe di g acquisitio s of Filt atio G oup Co po atio a d CIRCOR’s Comme cial a d Defe se Ae ospace Busi ess. I fiscal 2027, the compa y expects:

• Repo ted sales g owth of 5.5% to 8.5%
• O ga ic sales g owth of 5.5% to 8.5%; p eviously completed acquisitio s of 0.5%, a d u favo able cu e cy of 0.5%
• Segme t ope ati g ma gi of 24.5% to 24.9%, o 27.5% to 27.9% o a adjusted basis
• EPS of $30.00 to $31.00, o $34.25 to $35.25 o a adjusted basis

Fiscal 2026 Fou th Qua te Segme t Results

Dive sified I dust ial Segme t

• O ga ic sales g owth of 5% as i dust ial ecove y b oade s
• Reco d adjusted segme t ope ati g ma gi
• Sales imp oveme t ac oss all ma ket ve ticals

• Reco d sales led by Asia with 16% o ga ic g owth
• Reco d adjusted segme t ope ati g ma gi
• O ga ic g owth: 16% APAC, 1% EMEA, (3%) LA

• Reco d sales: double-digit g owth i all ma ket segme ts
• Reco d adjusted segme t ope ati g ma gi
• Backlog i c eased to eco d $8.5B

O de Rates

• Backlog i c eased to a eco d $12.8 billio , with i c eases i all segme ts

Pa me tie added, “As a esult of ou o goi g po tfolio t a sfo matio with a highe co ce t atio of ae ospace, lo ge cycle a d mo e esilie t e d ma kets, we will ha mo ize all o de ate compa iso s to a 12 mo th olli g calculatio sta ti g i fiscal 2027. This method p ovides a st o ge co elatio to ea -te m o ga ic g owth ates.”

O de ate compa iso s usi g both methodologies a e i cluded below:

¹Dive sified I dust ial o de ates a e o 3-mo th ave age computatio s; Ae ospace o de ates a e o a olli g 12-mo th ave age

²All o de ate compa iso s a e o a olli g 12-mo th ave age

About Pa ke Ha ifi Pa ke Ha ifi is a Fo tu e 250 global leade i motio a d co t ol tech ologies. Fo mo e tha a ce tu y the compa y has bee e abli g e gi ee i g b eakth oughs that lead to a bette tomo ow. Lea mo e at www.pa ke .com o @pa ke ha ifi .

Notice of WebcastPa ke Ha ifi ‘s co fe e ce call a d slide p ese tatio to discuss its fiscal 2026 fou th qua te a d full yea esults a e available to all i te ested pa ties via live webcast today at 11:00 a.m. ET, at i vesto s.pa ke .com. A eplay of the webcast will be available o the site app oximately o e hou afte the completio of the call a d will emai available fo o e yea . To egiste fo e-mail otificatio of futu e eve ts please visit i vesto s.pa ke .com.

Note o O de sThe compa y epo ted o de s fo the qua te e di g Ju e 30, 2026, compa ed with the same qua te a yea ago. All compa iso s a e at co sta t cu e cy excha ge ates, with the p io yea qua te estated to the cu e t-yea ates, a d exclude divestitu es. Th ough fiscal yea 2026, Dive sified I dust ial compa iso s have bee o 3-mo th ave age computatio s a d Ae ospace Systems compa iso s have bee o olli g 12-mo th ave age computatio s. Begi i g i fiscal yea 2027, all compa iso s will be o olli g 12-mo th ave age computatio s.

Note o No -GAAP Fi a cial Measu esThis p ess elease co tai s efe e ces to o -GAAP fi a cial i fo matio i cludi g (a) adjusted et i come; (b) adjusted ea i gs pe sha e; (c) adjusted segme t ope ati g ma gi fo Pa ke a d by segme t; (d) adjusted segme t ope ati g i come fo Pa ke a d by segme t; a d (e) o ga ic sales g owth. These measu es a e p ese ted to allow i vesto s a d the compa y to mea i gfully evaluate cha ges i et i come, ea i gs pe sha e a d segme t ope ati g ma gi s o a compa able basis f om pe iod to pe iod. Although these measu es a e ot measu es of pe fo ma ce calculated i acco da ce with GAAP, we believe that they a e useful to a i vesto i evaluati g Pa ke ‘s pe fo ma ce o expected pe fo ma ce fo the pe iods p ese ted. Adjusted esults fo the cu e t pe iod exclude a eductio of cost of sales elated to ta iff efu ds, which we believe is useful to i vesto s because it eflects a disc ete, o -ope ati g item that is ot i dicative of the Compa y’s o goi g ope atio s a d is ot expected to ecu . Compa able desc iptio s of eco d adjusted esults i this elease efe o ly to the pe iod f om the fi st qua te of FY2011 to the pe iods p ese ted i this elease. This pe iod coi cides with ecast histo ical fi a cial esults p ovided i associatio with ou FY2014 cha ge i segme t epo ti g. A eco ciliatio of o -GAAP measu es is i cluded i the fi a cial tables of this p ess elease. The o -GAAP met ics i cluded i ou 5-yea ta gets fo fiscal yea 2031 could ot be eco ciled without u easo able effo t a d applicable eco ciliatio s a e ot i cluded i this p ess elease.

Fo wa d-Looki g Stateme tsFo wa d-looki g stateme ts co tai ed i this a d othe w itte a d o al epo ts a e made based o k ow eve ts a d ci cumsta ces at the time of elease, a d as such, a e subject i the futu e to u fo esee u ce tai ties a d isks. Ofte but ot always, these stateme ts may be ide tified f om the use of fo wa d-looki g te mi ology such as “a ticipates,” “believes,” “may,” “should,” “could,” “expects,” “ta gets,” “is likely,” “will,” o the egative of these te ms a d simila exp essio s, a d may also i clude stateme ts ega di g futu e pe fo ma ce, o de s, ea i gs p ojectio s, eve ts o developme ts. Pa ke cautio s eade s ot to place u due elia ce o these stateme ts. It is possible that the futu e pe fo ma ce may diffe mate ially f om expectatio s, i cludi g those based o past pe fo ma ce.

Amo g othe facto s that may affect futu e pe fo ma ce a e: cha ges i busi ess elatio ships with a d o de s by o f om majo custome s, supplie s o dist ibuto s, i cludi g delays o ca cellatio s i shipme ts; disputes ega di g co t act te ms, cha ges i co t act costs a d eve ue estimates fo ew developme t p og ams; cha ges i p oduct mix; ability to ide tify acceptable st ategic acquisitio ta gets; u ce tai ties su ou di g timi g, successful completio o i teg atio of acquisitio s a d simila t a sactio s, i cludi g the pe di g acquisitio of Filt atio G oup Co po atio a d CIRCOR I te atio al I c.’s Comme cial a d Defe se Ae ospace busi ess a d the i teg atio of Cu tis I st ume ts, I c.; ability to successfully divest busi esses pla ed fo divestitu e a d ealize the a ticipated be efits of such divestitu es; the dete mi atio a d ability to successfully u de take busi ess ealig me t activities a d the expected costs, i cludi g cost savi gs, the eof; ability to impleme t successfully busi ess a d ope ati g i itiatives, i cludi g the timi g, p ice a d executio of sha e epu chases a d othe capital i itiatives; availability, cost i c eases of o othe limitatio s o ou access to aw mate ials, compo e t p oducts a d/o commodities if associated costs ca ot be ecove ed i p oduct p ici g; ability to ma age costs elated to i su a ce a d employee eti eme t a d health ca e be efits; legal a d egulato y developme ts a d othe gove me t actio s, i cludi g elated to e vi o me tal p otectio , a d associated complia ce costs; supply chai a d labo dis uptio s, i cludi g as a esult of ta iffs a d labo sho tages; th eats associated with i te atio al co flicts, i cludi g geopolitical te sio s i the Middle East, a d cybe secu ity isks a d isks associated with p otecti g ou i tellectual p ope ty; u ce tai ties su ou di g the ultimate esolutio of outsta di g legal p oceedi gs, i cludi g the outcome of a y appeals; effects o ma ket co ditio s, i cludi g sales a d p ici g, esulti g f om global eactio s to U.S. t ade policies; ma ufactu i g activity, ai t avel t e ds, cu e cy excha ge ates, difficulties e te i g ew ma kets a d eco omic co ditio s such as i flatio , deflatio , i te est ates a d c edit availability; i ability to obtai , o meet co ditio s imposed fo , equi ed gove me tal a d egulato y app ovals; cha ges i the tax laws i the U ited States a d fo eig ju isdictio s a d judicial o egulato y i te p etatio s the eof; a d la ge scale disaste s, such as floods, ea thquakes, hu ica es, i dust ial accide ts a d pa demics. Reade s should also co side fo wa d-looki g stateme ts i light of isk facto s discussed i Pa ke ’s A ual Repo t o Fo m 10-K fo the fiscal yea e ded Ju e 30, 2025 a d othe pe iodic fili gs made with the SEC.