PH · Earnings call · 2026Q2T · Full report

Pricing and Input Costs

Parker-Hannifin Corp · 2026-08-06 · Importance 55 · Surprise 42

Management said Parker intends to cover cost increases from tariffs, labor, logistics, and commodities through pricing in fiscal 2027. Outside Aerospace, the company expects to return to a more normal pricing environment, with the industrial growth outlook driven by volume rather than additional price recovery. Aerospace still has pricing opportunity because negotiations remain ongoing, including some customer negotiations that have not yet been completed. Management described the margin guidance as pressure-tested despite these assumptions and said there were no abnormal timing issues in the forecasted incrementals.