Parker-Hannifin's Q3 Earnings Exceed Expectations with Revenue Up 3.7% YoY, Management Raises Full-Year Guidance

Parker-Hannifin reported Q3 revenue of $5.08 billion, a 3.7% YoY increase and a 2.9% beat. Non-GAAP EPS was $7.22, a 9% beat. Management raised full-year EPS guidance to $30, a 3.8% increase. Organic revenue rose 5% YoY, beating analyst estimates. The company cited strong aerospace demand, aftermarket services, and improved execution in North America and international markets as key drivers of its performance.