PH · Earnings call · 2026Q2T · Full report

Order Reporting Strategy

Parker-Hannifin Corp · 2026-08-06 · Importance 25 · Surprise 42

Beginning in fiscal 2027, Parker will replace quarterly Industrial order-rate comparisons with rolling 12-month order rates across all businesses. Management said the portfolio has changed materially through acquisitions, with Aerospace, Engineered Materials, and Filtration representing approximately 65% of pro forma sales versus 35% a decade ago. Because these platforms have longer-cycle secular exposure and more resilient end markets, management believes rolling 12-month orders correlate more closely with near-term organic sales growth. The change is also intended to reduce distortion from lumpy international and long-term aerospace and defense orders.

Key facts

• Beginning in fiscal year '27 Parker will move to rolling 12-month order rates for the Industrial segment