Parker-Hannifin Corp.

Strong Financial Performance: Parker-Hannifin reported record third-quarter results with net income of $904 million and an adjusted earnings per share (EPS) of $6.94, reflecting a 7% year-over-year increase despite a 2% decline in sales. The adjusted segment operating margin reached a record 26.3%, highlighting the company's ability to expand profitability in a challenging environment.

Positive Order Growth: Total order rates increased by 9%, driven by a strong recovery in long-cycle markets, particularly in Aerospace and Defense. This represents a return to positive order entry for the second consecutive quarter in North America and doubles-digit growth in international orders (up 11%).

Market Outlook Adjustment: The company revised its FY2025 sales forecast down to a reported growth rate of approximately -1%, driven by headwinds in the Industrial segment, primarily due to a prolonged delay in industrial recovery. Organic growth estimates for Industrial North America were lowered to approximately -4%, reflecting weaker-than-expected performance in transportation and energy markets.