OverviewSuggest Edit

Parker Hannifin is a company specializing in motion and control technologies and systems. It operates through two segments: Diversified Industrial and Aerospace Systems. The Diversified Industrial segment offers engineered materials, filtration products, fluid connectors, instrumentation, and motion systems. The Aerospace Systems segment provides engine, fluid conveyance, fuel, fuel tank inerting, and hydraulic and components, as well as fluid metering, delivery, and atomization devices, wheels, brakes, power conditioning, and management systems, etc. The company serves off-road machinery, transportation, oil and gas, industrial manufacturing equipment, power generation, healthcare and life sciences, electronics and semiconductor, industrial and chemical processing as well as refrigeration markets.
TypePublic
Founded1917
HQCleveland, OH, US
Websiteparker.com
Employee Ratings3.7
Overall CultureC-

Latest Updates

Employees (est.) (Jun 2021)54,640(+9%)
Job Openings1,415
Revenue (FY, 2021)$14.3 B(+5%)
Share Price (May 2022)$272.5(+3%)
Cybersecurity ratingDMore
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Key People/Management at Parker Hannifin

Thomas L. Williams

Thomas L. Williams

Chairman and Chief Executive Officer
Lee C. Banks

Lee C. Banks

President and Chief Operating Officer
Mark T. Czaja

Mark T. Czaja

Vice President - Chief Technology and Innovation Officer
Dinu J. Parel

Dinu J. Parel

Vice President - Chief Digital and Information Officer
Joachim Guhe

Joachim Guhe

President – Europe, Middle East and Africa Group
Candido Lima

Candido Lima

President – Latin America Group
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Parker Hannifin Office Locations

Parker Hannifin has offices in Cleveland, Airway Heights, Akron, Albion and in 399 other locations
Cleveland, OH, US (HQ)
6035 Parkland Blvd
Airway Heights, WA, US
12821 W McFarlane Rd
Airway Heights, WA, US
12933 W McFarlane Rd
Akron, OH, US
1000 Home Ave
Albion, IN, US
903 N Orange St
Alliance, NE, US
2490 CR 58
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Parker Hannifin Financials and Metrics

Parker Hannifin Revenue

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View revenue for all periods
Parker Hannifin's revenue was reported to be $14.35 b in FY, 2021 which is a 4.8% increase from the previous period.
USD

Revenue (Q3, 2022)

4.1b

Gross profit (Q3, 2022)

1.2b

Gross profit margin (Q3, 2022), %

28.3%

Net income (Q3, 2022)

348.1m

Market capitalization (17-May-2022)

35.0b

Closing stock price (17-May-2022)

272.5

Cash (31-Mar-2022)

467.7m

EV

42.7b
Parker Hannifin's current market capitalization is $35 b.
Annual
USDFY, 2019FY, 2020FY, 2021

Revenue

14.3b13.7b14.3b

Revenue growth, %

0%(4%)5%

Cost of goods sold

10.7b10.3b10.4b

Gross profit

3.6b3.4b3.9b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Revenue

3.3b3.5b3.7b3.2b3.4b3.7b3.8b3.8b4.1b

Cost of goods sold

2.5b2.7b2.8b2.4b2.5b2.7b2.7b2.8b2.9b

Gross profit

854.8m815.2m935.7m846.2m892.4m1.0b1.0b1.1b1.2b

Gross profit Margin, %

26%23%25%26%26%28%28%28%28%
Annual
USDFY, 2019FY, 2020FY, 2021

Cash

3.2b685.5m733.1m

Accounts Receivable

2.1b1.9b2.2b

Prepaid Expenses

182.5m215.0m244.0m

Inventories

1.7b1.8b2.1b
Quarterly
USDQ1, 2020Q2, 2020Q3, 2020Q1, 2021Q2, 2021Q3, 2021Q1, 2022Q2, 2022Q3, 2022

Cash

3.6b948.4m697.6m742.4m564.7m489.6m478.6m449.5m467.7m

Accounts Receivable

2.0b2.0b2.2b1.9b1.8b2.1b2.1b2.0b2.4b

Prepaid Expenses

166.5m261.1m183.3m163.5m191.4m193.0m422.6m2.8b2.7b

Inventories

1.8b2.0b2.0b1.8b1.9b1.9b2.3b2.3b2.3b
Annual
USDFY, 2019FY, 2020FY, 2021

Net Income

1.5b1.2b1.7b

Depreciation and Amortization

436.2m537.5m595.4m

Inventories

(51.8m)201.2m(85.6m)

Accounts Payable

(12.4m)(370.8m)526.8m
Quarterly
USDFY, 2019

EV/CFO

14.9 x

EV/FCF

16.7 x

Revenue/Employee

257.5k

Debt/Equity

1.2 x

Debt/Assets

0.4 x

Financial Leverage

2.9 x

P/E Ratio

14.8
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Parker Hannifin Operating Metrics

Parker Hannifin's Backlog was reported to be $7.1b in Q2, 2022. Parker Hannifin's Customers was reported to be 505 k in FY, 2021.
FY, 2019Q1, 2020Q2, 2020Q3, 2020FY, 2020Q1, 2021Q2, 2021Q3, 2021FY, 2021Q1, 2022Q2, 2022

Backlog

$4.22 b$5.02 b$5.5 b$5.54 b$5.13 b$5.06 b$5.76 b$6.19 b$6.5 b$6.78 b$7.15 b

Backlog (Diversified Industrial Segment)

$2.01 b$1.88 b$2.32 b$2.38 b$2.12 b$2.2 b$2.5 b$2.85 b$3.24 b$3.58 b$3.9 b

Backlog (Aerospace Systems Segment)

$2.21 b$3.14 b$3.18 b$3.16 b$3.01 b$2.86 b$3.26 b$3.34 b$3.26 b$3.2 b$3.25 b

Customers

459 k464 k505 k
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Parker Hannifin Acquisitions / Subsidiaries

Company NameDateDeal Size
MeggittAugust 02, 2021€6.3 b
LORD CorporationOctober 29, 2019$3.45 b
EMFCO Holdings IncorporatedSeptember 16, 2019$1.71 b
Exotic MetalsJuly 29, 2019$1.7 b
Helac Corp.February 01, 2017
CLARCOR Inc.December 01, 2016$4.3 b
Phyre TechnologiesJuly 11, 2016
Jaeger Automobil-Technik GmbH & Co KGJuly 01, 2016
President Engineering GroupSeptember 29, 2015
PpTekOctober 01, 2014
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Parker Hannifin Revenue Breakdown

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Parker Hannifin revenue breakdown by business segment: 16.6% from Aerospace Systems and 83.4% from Diversified Industrial

Parker Hannifin revenue breakdown by geographic segment: 15.4% from Asia Pacific, 20.3% from Europe, 63.0% from North America and 1.2% from Other

Human Capital Metrics

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Parker Hannifin Cybersecurity Score

Cybersecurity ratingPremium dataset

D

66/100

SecurityScorecard logo

Parker Hannifin Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

50-59

out of 100

CSRHub logo

Parker Hannifin Online and Social Media Presence

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Parker Hannifin Company Culture

  • Overall Culture

    C-

    63/100

  • CEO Rating

    C+

    68/100

  • Compensation

    C+

    65/100

  • Diversity

    C

    63/100

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Parker Hannifin News and Updates

Parker Scheduled to Present at Goldman Sachs Industrials and Materials Conference on May 12 at 1:50 p.m. Eastern

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that it is scheduled to present at the Goldman Sachs Industrials and Materials Conference being held virtually on Thursday, May 12, 2022 at 1:50 p.m. Eastern time.

Parker Reports Fiscal 2022 Third Quarter Results

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2022 third quarter ended March 31, 2022. Fiscal 2022 third quarter sales were an all-time record at $4.09 billion, an increase of 9%, compared with $3.75 billion in the…

Parker Announces Retirement of Vice President - Corporate Finance Robin J. Davenport

Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that Robin J. Davenport, Vice President - Corporate Finance, will retire effective December 31, 2022, after 19 years of dedicated service to the company.

2022 IEEE-IAS/PCA Cement Industry Technical Conference - BHA

See the latest BHA dust collection filters and accessories for your baghouse at the IEEE-IAS/PCA Cement Industry Conference. We have a new product to check out!

Parker Increases Quarterly Cash Dividend

Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced that its Board of Directors has declared a regular quarterly cash dividend of $1.33 per share of common stock to shareholders of record as of May 13, 2022. The dividend is payable June 3, 2…

Parker Designs Innovative Baghouse Filter For Extreme Heat Applications

The Industrial Gas Filtration and Generation Division of Parker Hannifin Corporation, the global leader in motion and control technologies, has introduced a pleated baghouse filter for customers that collect dust in extreme heat applications. A breakthrough in filtration technology, BHA® Wicked™ Hig…
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Parker Hannifin Frequently Asked Questions

  • When was Parker Hannifin founded?

    Parker Hannifin was founded in 1917.

  • Who are Parker Hannifin key executives?

    Parker Hannifin's key executives are Thomas L. Williams, Lee C. Banks and Mark T. Czaja.

  • How many employees does Parker Hannifin have?

    Parker Hannifin has 54,640 employees.

  • What is Parker Hannifin revenue?

    Latest Parker Hannifin annual revenue is $14.3 b.

  • What is Parker Hannifin revenue per employee?

    Latest Parker Hannifin revenue per employee is $262.6 k.

  • Who are Parker Hannifin competitors?

    Competitors of Parker Hannifin include Trelleborg Sealing Solutions, Cummins and Smiths Group.

  • Where is Parker Hannifin headquarters?

    Parker Hannifin headquarters is located at 6035 Parkland Blvd, Cleveland.

  • Where are Parker Hannifin offices?

    Parker Hannifin has offices in Cleveland, Airway Heights, Akron, Albion and in 399 other locations.

  • How many offices does Parker Hannifin have?

    Parker Hannifin has 473 offices.