Parker-Hannifin (PH) FY2024 results: revenue $19.9 billion, up 4.5% on the year
Parker-Hannifin Corp. (PH) reported revenue of $19.9 billion for fiscal 2024, the year ended 30 June 2024, up 4.5% on the year before. Net income was $2.8 billion, up 36.5%, and diluted earnings per share $21.84. The figures are the company's own, from the 10-K it filed with the SEC on 22 August 2024.
Revenue
$19.9 billion
+4.5% on the year
FY2017FY2024
Operating margin
20.4%
17.9% a year earlier
FY2017FY2024
Net income
$2.8 billion
+36.5% on the year
FY2017FY2024
Diluted EPS
$21.84
+36.2% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
3,384
2,980
2,442
+13.6%
Capital expenditure
400
381
230
+5.1%
Free cash flow
2,984
2,599
2,212
+14.8%
Free cash flow margin
15.0%
13.6%
13.9%
Cash from investing
-299
-8,177
-419
Cash from financing
-3,115
-971
3,916
Depreciation and amortisation
927
818
571
+13.3%
Share-based compensation
155
143
137
+8.7%
Buybacks
332
297
460
+11.7%
Dividends paid
782
704
570
+11.1%
Dividend per share
$6.07
$5.47
$4.42
+11.0%
Diluted shares, weighted
130m
130m
130m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
12,072
10,327
8,848
+16.9%
Non-controlling interest
9.0
11.4
11.9
-21.0%
Debt
10,560
12,559
11,480
-15.9%
Operating lease liabilities
180
187
100
-4.1%
Finance lease liabilities
98.0
101
8.6
-2.9%
Other liabilities
6,379
6,778
5,495
-5.9%
Total liabilities and equity
29,298
29,964
25,944
-2.2%
Fixed assets
2,876
2,865
2,123
+0.4%
Goodwill
10,507
10,629
7,740
-1.1%
Intangible assets
7,816
8,451
3,136
-7.5%
Investments
n/a
8.4
27.9
Cash and equivalents
422
475
536
-11.2%
Receivables
2,866
n/a
n/a
Inventory
2,787
2,908
2,215
-4.2%
Other assets
2,024
4,629
10,167
-56.3%
Total assets
29,298
29,964
25,944
-2.2%
10-K for the year ended 30 June 2024, filed 22 August 2024: the filing.