PH · Earnings call · 2026Q2T · Full report
Income Tax Rate Changes
Parker-Hannifin Corp · 2026-08-06 · Importance 37 · Surprise 24 · In source text
Fiscal 2026 income tax was $0.07 unfavorable to the prior year on adjusted EPS because the prior year benefited from higher favorable discrete items. Parker guided to a 22.5% full-year adjusted tax rate for fiscal 2027. Management expects the fiscal 2027 tax rate to create a modest EPS headwind compared with fiscal 2026, excluding discrete items that are not yet known. The tax-rate impact is included in the fiscal 2027 adjusted EPS midpoint of $34.75, which represents 8% year-over-year growth.
Key facts
- FY '27 full-year tax rate guided to 22.5%
- Income tax was unfavorable by $0.07 to prior year for the quarter due to higher favorable discrete items in the prior year
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| net_income | unclear | committed | — | FY '27 full-year tax rate guided to 22.5% |