8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 3, 2023

PARKER-HANNIFIN CORPORATION

(Exact Name of Registrant as Specified in Charter)

Ohio	1-4982	34-0451060
(State or other jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
6035 Parkland Boulevard, Cleveland, Ohio		44124-4141
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (216) 896-3000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR

240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR

240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on which Registered
Common Shares, $.50 par value	PH	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On August 3, 2023, Parker-Hannifin Corporation issued a press release and presented a Webcast announcing results of operations for the quarter ended June 30, 2023. A copy of the press release is furnished as Exhibit 99.1 to this report. A copy of the Webcast presentation is furnished as Exhibit 99.2 to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1 Press release issued by Parker-Hannifin Corporation, dated August 3, 2023.

99.2 Webcast presentation by Parker-Hannifin Corporation, dated August 3, 2023.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		PARKER-HANNIFIN CORPORATION
		By: /s/ Todd M. Leombruno
		Todd M. Leombruno
		Executive Vice President and Chief Financial Officer
Date:	August 3, 2023

EX-99.1

For Release:	Immediately	Exhibit 99.1
Contact:	Media -
	Aidan Gormley - Director, Global Communications and Branding	216-896-3258
	aidan.gormley@parker.com
	Financial Analysts -
	Jeff Miller - Vice President, Investor Relations	216-896-2708
	jeffrey.miller@parker.com
Stock Symbol:	PH - NYSE

Parker Reports Fiscal 2023 Fourth Quarter and Full Year Results and Issues Guidance for Fiscal 2024

Fiscal 2023 Fourth Quarter Highlights:

-Sales increased 22% to a record of $5.1 billion; organic sales increased 6%

-Total segment operating margin was 22.1%, or a record 24.0% adjusted

-EPS were $5.44, or a record of $6.08 adjusted

- Debt reduction of $846 million in the quarter

Fiscal 2023 Full Year Highlights:

-Sales increased 20% to a record of $19.1 billion; organic sales increased 11%

-Total segment operating margin was 19.1%, or a record 22.9% adjusted

-EPS were $16.04, or a record of $21.55 adjusted

Fiscal 2024 Outlook:

- Total sales growth in the range of 3% to 6%

- Total segment operating margin in the range of 19.7% to 20.1%, or 23.0% to 23.4% adjusted

- Earnings per share in the range of $18.05 to $19.05, or $21.90 to $22.90 adjusted

CLEVELAND, August 3, 2023 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2023 fourth quarter ended June 30, 2023. Fiscal 2023 fourth quarter sales were a record at $5.1 billion, an increase of 22%, compared with $4.2 billion in the fourth quarter of fiscal 2022. Net income was $709.0 million compared with $128.8 million in the prior year quarter. Adjusted net income was $791.4 million, an increase of 18% compared with $671.5 million in the fourth quarter of fiscal 2022. Earnings per share were $5.44 compared with $0.99 in the fourth quarter of fiscal 2022. Adjusted earnings per share increased 18% to a record of $6.08 compared with $5.16 in the prior year quarter.

For the full year, fiscal 2023 sales were a record at $19.1 billion, an increase of 20%, compared with $15.9 billion in fiscal 2022. Fiscal 2023 net income was $2.1 billion compared with $1.3 billion in fiscal 2022. Fiscal 2023 adjusted net income was a record at $2.8 billion compared with $2.4 billion in the

prior year. Fiscal 2023 earnings per share were $16.04 compared with $10.09 in fiscal 2022. On an adjusted basis, fiscal 2023 full year earnings per share increased 15% to a record of $21.55 compared with $18.72 in the prior year. Fiscal 2023 cash flow from operations increased 22% to $3.0 billion, or 15.6% of sales compared with $2.4 billion, or 15.4% of sales, in the prior year. A reconciliation of non-GAAP measures is included in the financial tables of this press release and includes various expenses associated with the completion of the acquisition and divestitures during fiscal 2023.

“Our fourth quarter performance represents a strong finish to an outstanding year in which our global team continued to deliver great results,” said Chief Executive Officer Jenny Parmentier. “In the quarter, we achieved records for sales, adjusted segment operating margin, adjusted earnings per share and had strong cash flow generation. Of note was the strength of our aerospace business, which achieved substantial growth in sales and segment operating income. Fiscal 2023 was a record year highlighted by ongoing operational improvements and the continued transformation of our portfolio through the acquisition of Meggitt.”

Segment Results

Diversified Industrial Segment: North American fourth quarter sales increased 10% to $2.3 billion and operating income was $490.8 million compared with $430.1 million in the same period a year ago. On an adjusted basis, North American operating income was $540.6 million, or 23.5% of sales, a 60 basis point increase compared with the fourth quarter of fiscal 2022. International fourth quarter sales increased 6% to $1.5 billion and operating income was $309.4 million compared with $296.8 million in the same period a year ago. On an adjusted basis, International operating income was $352.1 million, or 23.3% of sales, a 90 basis point increase compared with the prior year quarter.

Aerospace Systems Segment: Fourth quarter sales increased 90% to $1.3 billion and operating income was $327.6 million compared with $149.4 million in the same period a year ago. On an adjusted basis, operating income was $331.4 million, or 25.8% of sales, a 160 basis point increase compared with the prior year quarter.

Orders

The company reported the following orders for the quarter ending June 30, 2023, compared with the same quarter a year ago:

· Orders increased 3% for total Parker

· Orders decreased 8% in the Diversified Industrial North America businesses

· Orders decreased 1% in the Diversified Industrial International businesses

· Orders increased 28% in the Aerospace Systems Segment on a rolling 12-month average basis.

Outlook

Parker announced its outlook for the fiscal year ending June 30, 2024. The company expects total sales growth in fiscal 2024 to be in the range of 3% to 6%; total segment operating margin in the range of 19.7% to 20.1%, or 23.0% to 23.4% on an adjusted basis; and earnings per share in the range of $18.05 to $19.05, or $21.90 to $22.90 on an adjusted basis. Reconciliations of forecasted segment operating margin to adjusted forecasted segment operating margin and forecasted earnings per share to adjusted forecasted earnings per share are included in the financial tables of this press release.

Parmentier added, “We enter fiscal 2024 on a great foundation with opportunities to accelerate our performance through execution of the Win StrategyTM 3.0, Parker's business system. Our fiscal 2024 guidance reflects continued progress toward our fiscal 2027 financial targets. Our confidence in reaching those targets is supported by the strength of our portfolio, synergies from the integration of Meggitt, and secular growth trends. These drivers will continue to accelerate our top quartile performance. Parker has a very bright future.”

NOTICE OF CONFERENCE CALL:Parker Hannifin's webcast to discuss its fiscal 2023 fourth quarter and full year results are available to all interested parties via live webcast today at 11:00 a.m. ET, at www.phstock.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit www.phstock.com.

About Parker Hannifin

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 67 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

Note on Reclassification

Effective July 1, 2022, the company began classifying certain expenses, previously classified as cost of sales, as selling, general and administrative expenses (“SG&A”) or within other (income) expense, net. During the integration of recently acquired businesses, the company has seen diversity in practice of the classifications of certain expenses, and the reclassification was made to better align the presentation of expenses on the Consolidated Statement of Income with management’s internal reporting. The expenses reclassified from cost of sales to SG&A relate to certain administrative activities conducted in production facilities and research and development. Foreign currency transaction expense was also reclassified from cost of sales to other (income) expense, net on the Consolidated

Statement of Income. These reclassifications had no impact on net income, earnings per share, cash flows, segment reporting or the financial position of the Company and were retrospectively applied to all periods presented in the financial tables of this press release.

Note on Orders

Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future quarterly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. Beginning in the third quarter of fiscal 2023, all comparisons include acquisitions in both the numerator and denominator and exclude divestitures. Diversified Industrial comparisons are on 3-month average computations and Aerospace Systems comparisons are rolling 12-month average computations.

Note on Net Income

Net income referenced in this press release is equal to net income attributable to common shareholders.

Note on Non-GAAP Financial Measures

This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margins; (d) adjusted segment operating income; and (e) organic sales growth. The adjusted net income, earnings per share, segment operating margin, segment operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

Forward-Looking Statements

Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations.

Among other factors which may affect future performance are: changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of Meggitt PLC; the ability to successfully divest businesses planned for divestiture and realize the anticipated

benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022 and other periodic filings made with the SEC.

###

PARKER HANNIFIN CORPORATION - JUNE 30, 2023							Exhibit 99.1
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands, except per share amounts)	2023		2022*		2023		2022*
Net sales	$	5,095,943	$	4,187,832	$	19,065,194	$	15,861,608
Cost of sales	3,262,860		2,768,925		12,635,892		10,550,309
Selling, general and administrative expenses	834,940		650,956		3,354,103		2,504,061
Interest expense	157,176		71,270		573,894		255,252
Other (income) expense, net	(62,228)		578,513		(178,359)		937,760
Income before income taxes	903,195		118,168		2,679,664		1,614,226
Income taxes	194,117		(10,738)		596,128		298,040
Net income	709,078		128,906		2,083,536		1,316,186
Less: Noncontrolling interests	122		75		600		581
Net income attributable to common shareholders	$	708,956	$	128,831	$	2,082,936	$	1,315,605
*Prior period amounts have been reclassified to reflect the income statement reclassification, as described in the attached press release.
Earnings per share attributable to common shareholders:
Basic earnings per share	$	5.52	$	1.00	$	16.23	$	10.24
Diluted earnings per share	$	5.44	$	0.99	$	16.04	$	10.09
Average shares outstanding during period - Basic	128,440,007		128,510,429		128,367,842		128,539,387
Average shares outstanding during period - Diluted	130,222,542		130,172,735		129,822,085		130,355,943
CASH DIVIDENDS PER COMMON SHARE
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Amounts in dollars)	2023		2022		2023		2022
Cash dividends per common share	$	1.48	$	1.33	$	5.47	$	4.42

RECONCILIATION OF ORGANIC GROWTH
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
	2023		2022		2023		2022
Sales growth - as reported	21.7	%	5.8	%	20.2	%	10.6	%
Adjustments:
Acquisitions	16.3	%	—	%	13.1	%	—	%
Divestitures	(0.6)	%	—	%	(0.4)	%	—	%
Currency	(0.4)	%	(4.2)	%	(3.0)	%	(1.7)	%
Organic sales growth	6.4	%	10.0	%	10.5	%	12.3	%

PARKER HANNIFIN CORPORATION - JUNE 30, 2023							Exhibit 99.1
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands)	2023		2022		2023		2022
Net income attributable to common shareholders	$	708,956	$	128,831	$	2,082,936	$	1,315,605
Adjustments:
Acquired intangible asset amortization expense	126,296		77,073		500,713		314,450
Business realignment charges	9,226		4,946		26,706		14,757
Integration costs to achieve	18,786		1,824		95,439		4,766
Acquisition-related expenses	2,754		11,662		166,294		95,727
Loss on deal-contingent forward contracts	—		619,061		389,992		1,015,426
Net gain on divestitures	—		—		(362,003)		—
Amortization of inventory step-up to fair value	(57,992)		—		109,981		—
Russia liquidation	—		—		—		20,057
Meggitt early debt retirement	9,999		—		9,999		—
Tax effect of adjustments1	(26,613)		(171,921)		(222,379)		(340,258)
Adjusted net income attributable to common shareholders	$	791,412	$	671,476	$	2,797,678	$	2,440,530

RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Amounts in dollars)	2023		2022		2023		2022
Earnings per diluted share	$	5.44	$	0.99	$	16.04	$	10.09
Adjustments:
Acquired intangible asset amortization expense	0.97		0.59		3.85		2.41
Business realignment charges	0.07		0.04		0.20		0.11
Integration costs to achieve	0.14		0.01		0.73		0.04
Acquisition-related expenses	0.02		0.09		1.29		0.74
Loss on deal-contingent forward contracts	—		4.76		3.00		7.79
Net gain on divestitures	—		—		(2.78)		—
Amortization of inventory step-up to fair value	(0.45)		—		0.84		—
Russia liquidation	—		—		—		0.15
Meggitt early debt retirement	0.08		—		0.08		—
Tax effect of adjustments1	(0.19)		(1.32)		(1.70)		(2.61)
Adjusted earnings per diluted share	$	6.08	$	5.16	$	21.55	$	18.72
1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

PARKER HANNIFIN CORPORATION - JUNE 30, 2023							Exhibit 99.1
BUSINESS SEGMENT INFORMATION
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands)	2023		2022		2023		2022
Net sales
Diversified Industrial:
North America	$	2,301,159	$	2,087,696	$	8,916,194	$	7,703,150
International	1,512,272		1,423,924		5,789,499		5,638,896
Aerospace Systems	1,282,512		676,212		4,359,501		2,519,562
Total net sales	$	5,095,943	$	4,187,832	$	19,065,194	$	15,861,608
Segment operating income
Diversified Industrial:
North America	$	490,823	$	430,142	$	1,853,079	$	1,515,259
International	309,373		296,838		1,218,331		1,178,044
Aerospace Systems	327,595		149,368		562,444		501,431
Total segment operating income	1,127,791		876,348		3,633,854		3,194,734
Corporate general and administrative expenses	83,336		70,635		229,677		219,699
Income before interest expense and other expense	1,044,455		805,713		3,404,177		2,975,035
Interest expense	157,176		71,270		573,894		255,252
Other (income) expense, net	(15,916)		616,275		150,619		1,105,557
Income before income taxes	$	903,195	$	118,168	$	2,679,664	$	1,614,226

RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2023			2022			2023			2022
Diversified Industrial North America sales	$	2,301,159		$	2,087,696		$	8,916,194		$	7,703,150
Diversified Industrial North America operating income	$	490,823		$	430,142		$	1,853,079		$	1,515,259
Adjustments:
Acquired intangible asset amortization	47,138			46,630			181,954			188,325
Business realignment charges	1,792			670			4,024			2,638
Integration costs to achieve	877			214			4,636			1,171
Adjusted Diversified Industrial North America operating income	$	540,630		$	477,656		$	2,043,693		$	1,707,393
Diversified Industrial North America operating margin	21.3		%	20.6		%	20.8		%	19.7		%
Adjusted Diversified Industrial North America operating margin	23.5		%	22.9		%	22.9		%	22.2		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2023										Exhibit 99.1
RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2023			2022			2023			2022
Diversified Industrial International sales	$	1,512,272		$	1,423,924		$	5,789,499		$	5,638,896
Diversified Industrial International operating income	$	309,373		$	296,838		$	1,218,331		$	1,178,044
Adjustments:
Acquired intangible asset amortization	34,935			17,701			85,825			75,105
Business realignment charges	7,385			4,282			19,617			11,149
Integration costs to achieve	358			433			3,875			2,418
Russia liquidation	—			—			—			6,257
Adjusted Diversified Industrial International operating income	$	352,051		$	319,254		$	1,327,648		$	1,272,973
Diversified Industrial International operating margin	20.5		%	20.8		%	21.0		%	20.9		%
Adjusted Diversified Industrial International operating margin	23.3		%	22.4		%	22.9		%	22.6		%
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2023			2022			2023			2022
Aerospace Systems sales	$	1,282,512		$	676,212		$	4,359,501		$	2,519,562
Aerospace Systems operating income	$	327,595		$	149,368		$	562,444		$	501,431
Adjustments:
Acquired intangible asset amortization	44,223			12,742			232,934			51,020
Business realignment charges	49			54			3,065			967
Integration costs to achieve	17,551			1,177			86,928			1,177
Amortization of inventory step-up to fair value	(57,992)			—			109,981			—
Russia liquidation	—			—			—			6,570
Adjusted Aerospace Systems operating income	$	331,426		$	163,341		$	995,352		$	561,165
Aerospace Systems operating margin	25.5		%	22.1		%	12.9		%	19.9		%
Adjusted Aerospace Systems operating margin	25.8		%	24.2		%	22.8		%	22.3		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2023										Exhibit 99.1
RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2023			2022			2023			2022
Total net sales	$	5,095,943		$	4,187,832		$	19,065,194		$	15,861,608
Total segment operating income	$	1,127,791		$	876,348		$	3,633,854		$	3,194,734
Adjustments:
Acquired intangible asset amortization	126,296			77,073			500,713			314,450
Business realignment charges	9,226			5,006			26,706			14,754
Integration costs to achieve	18,786			1,824			95,439			4,766
Amortization of inventory step-up to fair value	(57,992)			—			109,981			—
Russia liquidation	—			—			—			12,827
Adjusted total segment operating income	$	1,224,107		$	960,251		$	4,366,693		$	3,541,531
Total segment operating margin	22.1		%	20.9		%	19.1		%	20.1		%
Adjusted total segment operating margin	24.0		%	22.9		%	22.9		%	22.3		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2023			Exhibit 99.1
CONSOLIDATED BALANCE SHEET
(Unaudited)	June 30,		June 30,
(Dollars in thousands)	2023		2022
Assets
Current assets:
Cash and cash equivalents	$	475,182	$	535,799
Marketable securities and other investments	8,390		27,862
Trade accounts receivable, net	2,827,297		2,341,504
Non-trade and notes receivable	309,167		543,757
Inventories	2,907,879		2,214,553
Prepaid expenses and other	306,314		6,383,169
Total current assets	6,834,229		12,046,644
Property, plant and equipment, net	2,865,030		2,122,758
Deferred income taxes	81,429		110,585
Investments and other assets	1,104,576		788,057
Intangible assets, net	8,450,614		3,135,817
Goodwill	10,628,594		7,740,082
Total assets	$	29,964,472	$	25,943,943
Liabilities and equity
Current liabilities:
Notes payable and long-term debt payable within one year	$	3,763,175	$	1,724,310
Accounts payable, trade	2,050,934		1,731,925
Accrued payrolls and other compensation	651,319		470,132
Accrued domestic and foreign taxes	374,571		250,292
Other accrued liabilities	895,371		1,682,659
Total current liabilities	7,735,370		5,859,318
Long-term debt	8,796,284		9,755,825
Pensions and other postretirement benefits	551,510		639,939
Deferred income taxes	1,649,674		307,044
Other liabilities	893,355		521,897
Shareholders' equity	10,326,888		8,848,011
Noncontrolling interests	11,391		11,909
Total liabilities and equity	$	29,964,472	$	25,943,943

PARKER HANNIFIN CORPORATION - JUNE 30, 2023			Exhibit 99.1
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)	Twelve Months Ended June 30,
(Dollars in thousands)	2023		2022
Cash flows from operating activities:
Net income	$	2,083,536	$	1,316,186
Depreciation and amortization	818,129		571,764
Share incentive plan compensation	142,720		137,093
Gain on sale of businesses	(366,345)		(1,394)
Loss (gain) on disposal of property, plant and equipment	3,819		(5,727)
(Gain) loss on marketable securities	(1,486)		5,131
Gain on investments	(4,690)		(3,972)
Net change in receivables, inventories and trade payables	128,000		(259,876)
Net change in other assets and liabilities	13,211		1,003,270
Other, net	163,036		(320,745)
Net cash provided by operating activities	2,979,930		2,441,730
Cash flows from investing activities:
Acquisitions (net of cash of $89,704 in 2023)	(7,146,110)		—
Capital expenditures	(380,747)		(230,044)
Proceeds from sale of property, plant and equipment	13,244		39,353
Proceeds from sale of businesses	473,207		3,366
Purchases of marketable securities and other investments	(37,791)		(27,895)
Maturities and sales of marketable securities and other investments	56,786		31,809
Payments of deal-contingent forward contracts	(1,405,418)		—
Other	250,017		(235,426)
Net cash used in investing activities	(8,176,812)		(418,837)
Cash flows from financing activities:
Net payments for common stock activity	(293,847)		(457,225)
Net proceeds from debt	40,470		5,001,345
Financing fees paid	(13,605)		(58,629)
Dividends paid	(704,054)		(569,855)
Net cash (used in) provided by financing activities	(971,036)		3,915,636
Effect of exchange rate changes on cash	(4,776)		(23,770)
Net (decrease) increase in cash, cash equivalents and restricted cash	(6,172,694)		5,914,759
Cash, cash equivalents and restricted cash at beginning of year	6,647,876		733,117
Cash, cash equivalents and restricted cash at end of period	$	475,182	$	6,647,876

PARKER HANNIFIN CORPORATION - JUNE 30, 2023	Exhibit 99.1
RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN
(Unaudited)
(Amounts in percentages)	Fiscal Year 2024
Forecasted segment operating margin	19.7% to 20.1%
Adjustments:
Business realignment charges	0.4%
Costs to achieve	0.2%
Acquisition-related intangible asset amortization expense	2.8%
Adjusted forecasted segment operating margin	23.0% to 23.4%
*Totals may not foot due to rounding

RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
(Unaudited)
(Amounts in dollars)	Fiscal Year 2024
Forecasted earnings per diluted share	$18.05 to $19.05
Adjustments:
Business realignment charges	0.54
Costs to achieve	0.27
Acquisition-related intangible asset amortization expense	4.23
Tax effect of adjustments1	(1.19)
Adjusted forecasted earnings per diluted share	$21.90 to $22.90
1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

EX-99.2

Parker Hannifin Corporation Fiscal 2023 Fourth Quarter & Full Year Earnings Presentation August 3, 2023 Exhibit 99.2

Forward-Looking Statements and Non-GAAP Financial Measures Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations. Among other factors which may affect future performance are: changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of Meggitt PLC; the ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2022 and other periodic filings made with the SEC. This presentation contains references to non-GAAP financial information including organic sales for Parker and by segment, adjusted earnings per share, adjusted segment operating margin for Parker and by segment, adjusted net income, EBITDA, EBITDA margin, adjusted EBITDA, adjusted EBITDA margin, Gross Debt to Adjusted EBITDA, Net Debt to Adjusted EBITDA and free cash flow. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. For Parker, adjusted EBITDA is defined as EBITDA before business realignment, Integration costs to achieve, acquisition related expenses, and other one-time items. Free cash flow is defined as cash flow from operations less capital expenditures. Although organic sales, adjusted earnings per share, adjusted segment operating margin for Parker and by segment, adjusted net income, EBITDA, adjusted EBITDA, EBITDA margin, adjusted EBITDA margin and free cash flow are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the company performance for the period. Detailed reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures have been included in the appendix to this presentation. Effective July 1, 2022, the company began classifying certain expenses, previously classified as cost of sales, as selling, general and administrative expenses (“SG&A”) or within other (income) expense, net. During the integration of recently acquired businesses, the company has seen diversity in practice of the classifications of certain expenses, and the reclassification was made to better align the presentation of expenses on the Consolidated Statement of Income with management’s internal reporting. The expenses reclassified from cost of sales to SG&A relate to certain administrative activities conducted in production facilities and research and development. Foreign currency transaction expense was also reclassified from cost of sales to other (income) expense, net on the Consolidated Statement of Income. These reclassifications had no impact on net income, earnings per share, cash flows, segment reporting or the financial position of the Company and were retrospectively applied to all periods presented in the financial tables of this presentation. Please visit www.PHstock.com for more information 2

FY23 Q4: Outstanding Performance 3 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY23 Q4 As Reported: Segment Operating Margin of 22.1%. 2. Backlog coverage is the FY23 Q4 ending backlog as the % of FY24 sales guidance midpoint.  Top quartile safety performance; 20% reduction in recordable incidents  Record sales of $5.1B, +22% vs. prior year, +6% organic growth1  Record adjusted segment margin of 24.0%, +110 bps vs. prior  Backlog coverage2 remains resilient at ~55%; backlog +1% sequentially A Strong Finish to a Great Year

FY23 – A Transformational Year 4 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY23 As Reported: Segment Operating Margin of 19.1%, EPS of $16.04. FY23 Highlights $19B Sales 11% Organic Sales Growth1 +60bps Adjusted Segment Margin1 15% Adjusted EPS Growth1 $3B Operating Cash Flow  Top quartile safety & engagement  ~30% exposure to Aerospace & Defense  Meggitt exceeding expectations  Great cash generation and debt paydown

Longer Cycle Shorter Cycle Industrial Aftermarket Longer Cycle + Secular Trends Shorter Cycle Industrial Aftermarket FY15 FY23 Update Expanding Longer Cycle and Secular Trend Exposure Revenue Mix Reflects Transforming Portfolio Longer Cycle + Secular Trends FY27 Illustration Longer Cycle + Secular Trends Shorter Cycle Industrial Aftermarket 5

Future Sales Growth Drivers FY27 Target 4-6% Organic Growth over the Cycle Our Business System Macro CapEx Investment Innovation Acquisitions Secular Growth Strategic Growth Drivers  Address last decade under investment  Supply chain development  Mega Projects  New Product Blueprinting  Simple by DesignTM  Product Vitality  CLARCOR  LORD  Exotic  Meggitt  Aerospace  Digital  Electrification  Clean Technologies Outcomes Growth & Financial Performance Machinery automation, expansion & secular trends Faster growth & support secular trends Accretive & longer cycle growth 2/3’s Portfolio enable Clean Technologies 6

7 Enabling Engineering Breakthroughs that Lead to a Better Tomorrow Climate Action Parker Teams & Communities Clean Technologies  On Track - Carbon Neutral by 2040  20% Carbon Reduction in FY231  1st Quartile CDP Climate Change  20% Safety Incident Reduction in FY23  10,000+ volunteer hours in FY23  ~$67M donated to our communities over past 10 years  Continued Technology Advancement  2/3 of Portfolio Enables Clean Tech  Parker’s BOM Increases ~1.5 to 2X on Electric Applications 1. Data represents a rolling 12-month through FY23 Q3.

Parker’s Promising Future 1. Adjusted numbers include certain non-GAAP financial measures. 22.9% FY23 FY27F Adjusted Segment Operating Margin1  Growth from secular trends  Building on transformation with Meggitt  Acceleration from Win Strategy 3.0  Top quartile performance  Organic growth 4-6% over the cycle $21.55 $30.00 FY23 FY27F +210 bps~40% Growth Adjusted EPS1 8 25%

Summary of Fiscal 2023 4th Quarter Highlights

FY23 Q4 Financial Summary 1. Sales figures As Reported. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY22 Q4 As Reported: Segment Operating Margin of 20.9%, EBITDA Margin of 7.9%, Net Income of $129M, EPS of $0.99. $ Millions, except per share amounts FY23 Q4 FY23 Q4 FY22 Q4 YoY Change As Reported Adjusted¹ Adjusted¹ Adjusted Sales $5,096 $5,096 $4,188 +22% Segment Operating Margin 22.1% 24.0% 22.9% +110 bps EBITDA Margin 24.9% 24.4% 23.1% +130 bps Net Income $709 $791 $671 +18% EPS $5.44 $6.08 $5.16 +18% 10

FY23 Q4 Adjusted Earnings per Share Bridge 1. FY22 Q4 As Reported EPS of $0.99. FY23 Q4 As Reported EPS of $5.44. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 11 $5.16 $6.13 $5.16 $6.08

FY23 Q4 Segment Performance Sales As Reported $ Organic %1 Segment Operating Margin As Reported Segment Operating Margin Adjusted1 Order Rates2 Commentary $2,301M +4.9% Organic 21.3% 23.5% +60 bps YoY (8%) • Backlog coverage supported growth • Productivity & supply chain improvement • Excellent operating execution $1,512M +3.9% Organic 20.5% 23.3% +90 bps YoY (1%) • Organic growth1: EMEA +0.8%, AP +8.6% • Margin expansion driven by cost control • Distribution mix continues to expand $1,283M +16.0% Organic 25.5% 25.8% +160 bps YoY +28% • 20%+ commercial organic growth; military OEM returns to growth • Strong aftermarket mix • Excellent performance of legacy & Meggitt $5,096M +6.4% Organic 22.1% 24.0% +110 bps YoY +3% • Record adjusted segment margin of 24%1 • Aerospace strength drives positive orders • Strong finish to an outstanding year 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Diversified Industrial orders are on a 3-month average computation and Aerospace Systems are rolling 12-month average computations. Beginning FY23 Q3, orders include acquisitions and exclude divestitures and currency. Diversified Industrial International Diversified Industrial North America Parker Aerospace Systems 12

Record FY23 Cash Flow Performance  Cash Flow from Operations of 15.6% • $3 Billion - an increase of 22% YoY  Free Cash Flow of 13.6%1 • Capex of 2.0% of sales  Transaction expenses: • A use of cash of ~1% of sales  Free Cash Flow Conversion of 125%1 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 13 Free Cash Flow1 $2,212 $2,599 d FY22 FY23 13.9% 13.6% Cash Flow from Operations $2,442 $2,980 Adj. EPS 15.4% 15.6% FY22 FY23 $ in millions % to sales

Debt & Leverage Reduction Ahead of Schedule 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 14  ~$850M debt reduction during Q4 • $1.4B since Meggitt acquisition close • Paid down ~35% of total deal consideration since announcement  Achieved ~1x leverage reduction • Since Meggitt acquisition close  Expect ~$2B debt paydown in FY24  Target 2.0x leverage during FY25 3.8x 3.6x 3.2x 2.8x FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 Gross Debt / Adj. EBITDA1 3.6x 3.4x 3.1x 2.7x FY23 Q1 FY23 Q2 FY23 Q3 FY23 Q4 Net Debt / Adj. EBITDA1

FY24 Guidance EPS Midpoint: $18.55 As Reported, $22.40 Adjusted 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 15 Guidance Metric FY24 Full Year Key Assumptions Reported Sales 3% - 6%  Backlog coverage continues to support growth  ~$460M net sales from acquisitions and divestitures  Reported sales split: 1H: 49%, 2H: 51% Organic Sales Growth1 ~1.5%  Expect HSD organic growth from Aerospace  Organic growth: 1H: ~2.5%, 2H: ~0.5% Adj. Operating Margin1 23.0% - 23.4%  30bps margin expansion  ~30% incremental margin Adj. EPS1 $21.90 - $22.90  Tax rate: ~23.5%  EPS split: 1H: 46%, 2H: 54% Free Cash Flow1 $2.6B - $3.0B  CapEx: ~2% of sales  FCF Conversion >100%

FY24 Adjusted Earnings per Share Bridge 1. FY23 As Reported EPS of $16.04. FY24 As Reported midpoint guidance EPS of $18.55. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Interest income is included in other expense on the income statement 16 $21.55 $22.40 2

Key Messages and Outlook  Successful Meggitt integration, synergies ahead of schedule  ~30% exposure to Aerospace & Defense markets  Longer cycle & more resilient revenue mix: ~85% by FY27 A Promising Future  Top quartile safety and engaged people  Continue performance acceleration from The Win Strategy™ 3.0  Proven track record - our people and performance through cycles Top Quartile Performance  Well positioned to capitalize on the growth from secular trends  Committed to FY27 Targets  Continue to be great generators and deployers of cash 17 Portfolio Transformation

Annual Meeting of Shareholders October 25, 2023 FY24 Q1 Earnings Release November 2, 2023 FY24 Q2 Earnings Release February 1, 2024 FY24 Q3 Earnings Release May 2, 2024 FY24 Q4 Earnings Release August 8, 2024 Upcoming Event Calendar

Appendix  FY24 Guidance Details  Reconciliation of Organic Growth  Adjusted Amounts Reconciliation – Consolidated  Adjusted Amounts Reconciliation – Segment Operating Income  Reconciliation of EBITDA to Adjusted EBITDA  Reconciliation of Gross and Net Debt to Adjusted EBITDA  Reconciliation of Free Cash Flow Conversion  Supplemental Sales Information – Global Technology Platforms  Reconciliation of Forecasted Segment Operating Margin  Reconciliation of Forecasted EPS 19

FY24 Guidance Details Sales Growth vs. Prior Year As Reported Organic1 Diversified Industrial North America 0.5% - 3.5% ~1% Diversified Industrial International -3.0% - 0% ~(2.5%) Aerospace Systems 15.5% - 18.5% ~8% Parker 3% - 6% ~1.5% Segment Operating Margins As Reported Adjusted1 Diversified Industrial North America 20.7% - 21.1% 23.0% - 23.4% Diversified Industrial International 20.3% - 20.7% 22.8% - 23.2% Aerospace Systems 17.1% - 17.5% 23.2% - 23.6% Parker 19.7% - 20.1% 23.0% - 23.4% Earnings Per Share As Reported Adjusted1 Midpoint $18.55 $22.40 Range $18.05 - $19.05 $21.90 - $22.90 1. Adjusted numbers include certain non-GAAP financial measures. Detail of Pre-Tax Adjustments to: Segment Margins Below Segment Acquired Intangible Asset Amortization ~$550M — Business Realignment Charges ~$70M — Integration Costs to Achieve ~$35M — 20 Additional Items As Reported and Adjusted1 Corporate G&A ~$242M Interest Expense ~$525M Other Expense ~$25M Reported Tax Rate ~23.5% Diluted Shares Outstanding ~130M

Reconciliation of Organic Growth 21

Reconciliation of Organic Growth 22

Adjusted Amounts Reconciliation Consolidated Statement of Income 23 *Prior period amounts have been recast to reflect the income statement reclassification. (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2023 Acquired Business Meggitt Acquisition Amortization Meggitt As Reported Intangible Asset Realignment Costs to Related of Inventory Early Debt Adjusted June 30, 2023 % of Sales Amortization Charges Achieve Expenses Step-Up to FV Retirement June 30, 2023 % of Sales Net sales 5,095,943$ 100.0 % -$ -$ -$ -$ -$ -$ 5,095,943$ 100.0 % Cost of sales 3,262,860 64.0 % 27,990 5,247 5,197 - (57,992) - 3,282,418 64.4 % Selling, general and admin. expenses 834,940 16.4 % 98,306 3,979 13,589 2,754 - - 716,312 14.1 % Interest expense 157,176 3.1 % - - - - - 9,999 147,177 2.9 % Other (income) expense, net (62,228) (1.2)% - - - - - - (62,228) (1.2)% Income before income taxes 903,195 17.7 % (126,296) (9,226) (18,786) (2,754) 57,992 (9,999) 1,012,264 19.9 % Income taxes 194,117 3.8 % 30,816 2,251 4,584 672 (14,150) 2,440 220,730 4.3 % Net income 709,078 13.9 % (95,480) (6,975) (14,202) (2,082) 43,842 (7,559) 791,534 15.5 % Less: Noncontrolling interests 122 0.0 % - - - - - - 122 0.0 % Net income - common shareholders 708,956$ 13.9 % (95,480)$ (6,975)$ (14,202)$ (2,082)$ 43,842$ (7,559)$ 791,412$ 15.5 % Diluted earnings per share 5.44$ (0.73)$ (0.06)$ (0.11)$ (0.02)$ 0.34$ (0.06)$ 6.08$ (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2022 Acquired Business Lord Acquisition Loss on Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Costs to Adjusted June 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Achieve June 30, 2022 % of Sales Net sales 4,187,832$ 100.0 % -$ -$ -$ -$ -$ -$ 4,187,832$ 100.0 % Cost of sales* 2,768,925 66.1 % 15,584 2,696 39 - - - 2,750,606 65.7 % Selling, general and admin. expenses* 650,956 15.5 % 61,489 2,310 608 10,655 - 1,177 574,717 13.7 % Interest expense 71,270 1.7 % - - - - - - 71,270 1.7 % Other (income) expense, net* 578,513 13.8 % - (60) - 1,007 619,061 - (41,495) (1.0)% Income before income taxes 118,168 2.8 % (77,073) (4,946) (647) (11,662) (619,061) (1,177) 832,734 19.9 % Income taxes (10,738) (0.3)% 17,341 1,113 146 2,624 150,432 265 161,183 3.8 % Net income 128,906 3.1 % (59,732) (3,833) (501) (9,038) (468,629) (912) 671,551 16.0 % Less: Noncontrolling interests 75 0.0 % - - - - - - 75 0.0 % Net income - common shareholders 128,831$ 3.1 % (59,732)$ (3,833)$ (501)$ (9,038)$ (468,629)$ (912)$ 671,476$ 16.0 % Diluted earnings per share 0.99$ (0.46)$ (0.03)$ -$ (0.07)$ (3.60)$ (0.01)$ 5.16$

Adjusted Amounts Reconciliation Consolidated Statement of Income 24 *Prior period amounts have been recast to reflect the income statement reclassification. (Dollars in thousands, except per share data) (Unaudited) Year-to-Date FY 2023 Acquired Business Meggitt Acquisition Loss on Amortization Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Net Gain on of Inventory Early Debt Adjusted June 30, 2023 % of Sales Amortization Charges Achieve Expenses Forward Contracts Divestitures Step-Up to FV Retirement June 30, 2023 % of Sales Net sales 19,065,194$ 100.0 % -$ -$ -$ -$ -$ -$ -$ -$ 19,065,194$ 100.0 % Cost of sales 12,635,892 66.3 % 99,619 15,993 12,552 - - - 109,981 - 12,397,747 65.0 % Selling, general and admin. expenses 3,354,103 17.6 % 401,094 10,713 82,887 114,604 - - - - 2,744,805 14.4 % Interest expense 573,894 3.0 % - - - - - - 9,999 563,895 3.0 % Other (income) expense, net (178,359) (0.9)% - - - 51,690 389,992 (362,003) - - (258,038) (1.4)% Income before income taxes 2,679,664 14.1 % (500,713) (26,706) (95,439) (166,294) (389,992) 362,003 (109,981) (9,999) 3,616,785 19.0 % Income taxes 596,128 3.1 % 120,844 6,453 23,043 39,447 94,713 (90,931) 26,370 2,440 818,507 4.3 % Net income 2,083,536 10.9 % (379,869) (20,253) (72,396) (126,847) (295,279) 271,072 (83,611) (7,559) 2,798,278 14.7 % Less: Noncontrolling interests 600 0.0 % - - - - - - - - 600 0.0 % Net income - common shareholders 2,082,936$ 10.9 % (379,869)$ (20,253)$ (72,396)$ (126,847)$ (295,279)$ 271,072$ (83,611)$ (7,559)$ 2,797,678$ 14.7 % Diluted earnings per share 16.04$ (2.92)$ (0.16)$ (0.56)$ (0.98)$ (2.27)$ 2.08$ (0.64)$ (0.06)$ 21.55$ (Dollars in thousands, except per share data) (Unaudited) Year-to-Date FY 2022 Acquired Business Lord Acquisition Loss on Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Russia Cost to Adjusted June 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Liquidation Achieve June 30, 2022 % of Sales Net sales 15,861,608$ 100.0 % -$ -$ -$ -$ -$ -$ -$ -$ 15,861,608$ 100.0 % Cost of sales* 10,550,309 66.5 % 61,888 5,007 181 - - 9,493 - - 10,473,740 66.0 % Selling, general and admin. expenses* 2,504,061 15.8 % 252,562 9,747 3,408 44,190 - 2,847 1,177 - 2,190,130 13.8 % Interest expense 255,252 1.6 % - - - - - - - - 255,252 1.6 % Other (income) expense, net* 937,760 5.9 % - 3 - 51,537 1,015,426 7,717 - - (136,923) (0.9)% Income before income taxes 1,614,226 10.2 % (314,450) (14,757) (3,589) (95,727) (1,015,426) (20,057) (1,177) - 3,079,409 19.4 % Income taxes 298,040 1.9 % 71,223 3,340 813 21,627 240,901 2,089 265 - 638,298 4.0 % Net income 1,316,186 8.3 % (243,227) (11,417) (2,776) (74,100) (774,525) (17,968) (912) - 2,441,111 15.4 % Less: Noncontrolling interests 581 0.0 % - - - - - - - - 581 0.0 % Net income - common shareholders 1,315,605$ 8.3 % (243,227)$ (11,417)$ (2,776)$ (74,100)$ (774,525)$ (17,968)$ (912)$ -$ 2,440,530$ 15.4 % Diluted earnings per share 10.09$ (1.87)$ (0.09)$ (0.02)$ (0.57)$ (5.94)$ (0.13)$ (0.01)$ -$ 18.72$

Adjusted Amounts Reconciliation Segment Operating Income 1. Segment operating income as a percent of sales is calculated on segment sales. 2. Adjusted amounts as a percent of sales are calculated on as reported sales. 25 (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2023 Acquired Business Meggitt Acquisition Amortization Meggitt As Reported Intangible Asset Realignment Costs to Related of Inventory Early Debt Adjusted June 30, 2023 % of Sales Amortization Charges Achieve Expenses Step-Up to FV Retirement June 30, 2023 % of Sales2 Diversified Industrial: North America1 490,823$ 21.3% 47,138$ 1,792$ 877$ -$ -$ -$ 540,630$ 23.5% International1 309,373 20.5% 34,935 7,385 358 - - - 352,051 23.3% Total Diversified Industrial1 800,196 21.0% 82,073 9,177 1,235 - - - 892,681 23.4% Aerospace Systems1 327,595 25.5% 44,223 49 17,551 - (57,992) - 331,426 25.8% Total segment operating income 1,127,791 22.1% (126,296) (9,226) (18,786) - 57,992 - 1,224,107 24.0% Corporate administration 83,336 1.6% - - - - - - 83,336 1.6% Income before interest and other 1,044,455 20.5% (126,296) (9,226) (18,786) - 57,992 - 1,140,771 22.4% Interest expense 157,176 3.1% - - - - - 9,999 147,177 2.9% Other (income) expense (15,916) -0.3% - - - 2,754 - - (18,670) -0.4% Income before income taxes 903,195$ 17.7% (126,296)$ (9,226)$ (18,786)$ (2,754)$ 57,992$ (9,999)$ 1,012,264$ 19.9% (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2022 Acquired Business Lord Acquisition Loss on Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Cost to Adjusted June 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Achieve June 30, 2022 % of Sales2 Diversified Industrial: North America1 430,142$ 20.6% 46,630$ 670$ 214$ -$ -$ -$ 477,656$ 22.9% International1 296,838 20.8% 17,701 4,282 433 - - - 319,254 22.4% Total Diversified Industrial1 726,980 20.7% 64,331 4,952 647 - - - 796,910 22.7% Aerospace Systems1 149,368 22.1% 12,742 54 - - - 1,177 163,341 24.2% Total segment operating income 876,348 20.9% (77,073) (5,006) (647) - - (1,177) 960,251 22.9% Corporate administration 70,635 1.7% - - - - - - 70,635 1.7% Income before interest and other 805,713 19.2% (77,073) (5,006) (647) - - (1,177) 889,616 21.2% Interest expense 71,270 1.7% - - - - - - 71,270 1.7% Other (income) expense 616,275 14.7% - (60) - 11,662 619,061 - (14,388) -0.3% Income before income taxes 118,168$ 2.8% (77,073)$ (4,946)$ (647)$ (11,662)$ (619,061)$ (1,177)$ 832,734$ 19.9%

Adjusted Amounts Reconciliation Segment Operating Income 1. Segment operating income as a percent of sales is calculated on segment sales. 2. Adjusted amounts as a percent of sales are calculated on as reported sales. 26 (Dollars in thousands) (Unaudited) Year-to-Date FY 2023 Acquired Business Meggitt Acquisition Loss on Amortization Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Net Gain on of Inventory Early Debt Adjusted June 30, 2023 % of Sales Amortization Charges Achieve Expenses Forward Contracts Divestitures Step-Up to FV Retirement June 30, 2023 % of Sales2 Diversified Industrial: North America1 1,853,079$ 20.8% 181,954$ 4,024$ 4,636$ -$ -$ -$ -$ -$ 2,043,693$ 22.9% International1 1,218,331 21.0% 85,825 19,617 3,875 - - - - - 1,327,648 22.9% Total Diversified Industrial1 3,071,410 20.9% 267,779 23,641 8,511 - - - - - 3,371,341 22.9% Aerospace Systems1 562,444 12.9% 232,934 3,065 86,928 - - - 109,981 - 995,352 22.8% Total segment operating income 3,633,854 19.1% (500,713) (26,706) (95,439) - - - (109,981) - 4,366,693 22.9% Corporate administration 229,677 1.2% - - - - - - - - 229,677 1.2% Income before interest and other 3,404,177 17.9% (500,713) (26,706) (95,439) - - - (109,981) - 4,137,016 21.7% Interest expense 573,894 3.0% - - - - - - - 9,999 563,895 3.0% Other (income) expense 150,619 0.8% - - - 166,294 389,992 (362,003) - - (43,664) -0.2% Income before income taxes 2,679,664$ 14.1% (500,713)$ (26,706)$ (95,439)$ (166,294)$ (389,992)$ 362,003$ (109,981)$ (9,999)$ 3,616,785$ 19.0% (Dollars in thousands) (Unaudited) Year-to-Date FY 2022 Acquired Business Lord Acquisition Loss on Meggitt As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Russia Cost to Adjusted June 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Liquidation Achieve June 30, 2022 % of Sales2 Diversified Industrial: North America1 1,515,259$ 19.7% 188,325$ 2,638$ 1,171$ -$ -$ -$ -$ -$ 1,707,393$ 22.2% International1 1,178,044 20.9% 75,105 11,149 2,418 - - 6,257 - - 1,272,973 22.6% Total Diversified Industrial1 2,693,303 20.2% 263,430 13,787 3,589 - - 6,257 - - 2,980,366 22.3% Aerospace Systems1 501,431 19.9% 51,020 967 - - - 6,570 1,177 - 561,165 22.3% Total segment operating income 3,194,734 20.1% (314,450) (14,754) (3,589) - - (12,827) (1,177) - 3,541,531 22.3% Corporate administration 219,699 1.4% - - - - - - - - 219,699 1.4% Income before interest and other 2,975,035 18.8% (314,450) (14,754) (3,589) - - (12,827) (1,177) - 3,321,832 20.9% Interest expense 255,252 1.6% - - - - - - - - 255,252 1.6% Other (income) expense 1,105,557 7.0% - 3 - 95,727 1,015,426 7,230 - - (12,829) -0.1% Income before income taxes 1,614,226$ 10.2% (314,450)$ (14,757)$ (3,589)$ (95,727)$ (1,015,426)$ (20,057)$ (1,177)$ -$ 3,079,409$ 19.4%

Reconciliation of EBITDA to Adjusted EBITDA 27 (Dollars in thousands) Three Months Ended (Unaudited) June 30, 2023 % of Sales 2022 % of Sales Net sales $ 5,095,943 100.0% $ 4,187,832 100.0% Net income $ 709,078 13.9% $ 128,906 3.1% Income taxes 194,117 3.8% (10,738) -0.3% Depreciation 82,767 1.6% 62,369 1.5% Amortization 126,296 2.5% 77,073 1.8% Interest expense 157,176 3.1% 71,270 1.7% EBITDA 1,269,434 24.9% 328,880 7.9% Adjustments: Business realignment charges 9,226 0.2% 4,946 0.1% Meggitt costs to achieve 18,786 0.4% 1,177 0.0% Lord costs to achieve - 0.0% 647 0.0% Acquisition-related expenses 2,754 0.1% 11,662 0.3% Loss on deal-contingent forward contracts - 0.0% 619,061 14.8% Amortization of inventory step-up to FV (57,992) -1.1% - 0.0% EBITDA - Adjusted $ 1,242,208 24.4% $ 966,373 23.1% EBITDA margin 24.9 % 7.9 % EBITDA margin - Adjusted 24.4 % 23.1 % (Dollars in thousands) Twelve Months Ended (Unaudited) June 30, 2023 % of Sales 2022 % of Sales Net sales $ 19,065,194 100.0% $ 15,861,608 100.0% Net income $ 2,083,536 10.9% $ 1,316,186 8.3% Income taxes 596,128 3.1% 298,040 1.9% Depreciation 317,416 1.7% 257,314 1.6% Amortization 500,713 2.6% 314,450 2.0% Interest expense 573,894 3.0% 255,252 1.6% EBITDA 4,071,687 21.4% 2,441,242 15.4% Adjustments: Business realignment charges 26,706 0.1% 14,757 0.1% Meggitt costs to achieve 95,439 0.5% 1,177 0.0% Lord costs to achieve - 0.0% 3,589 0.0% Acquisition-related expenses 166,294 0.9% 95,727 0.6% Loss on deal-contingent forward contracts 389,992 2.0% 1,015,426 6.4% Net gain on divestitures (362,003) -1.9% - 0.0% Amortization of inventory step-up to FV 109,981 0.6% - 0.0% Russia Liquidation - 0.0% 20,057 0.1% EBITDA - Adjusted $ 4,498,096 23.6% $ 3,591,975 22.6% EBITDA margin 21.4 % 15.4 % EBITDA margin - Adjusted 23.6 % 22.6 %

Reconciliation of Gross and Net Debt / Adjusted EBITDA 28 (Unaudited) (Dollars in thousands) September 30, 2022 December 31, 2022 March 31, 2023 June 30, 2023 Notes payable and long-term debt payable within one year 1,725,077$ 1,994,333$ 1,992,919$ 3,763,175$ Long-term debt 12,238,900 12,025,860 11,412,304 8,796,284 Add: Deferred debt issuance costs 87,934 83,758 79,018 74,713 Total gross debt 14,051,911$ 14,103,951$ 13,484,241$ 12,634,172$ Cash and cash equivalents 502,307$ 756,055$ 534,831$ 475,182$ Marketable securities and other investments 19,504 21,611 23,466 8,390 Total cash 521,811$ 777,666$ 558,297$ 483,572$ Net debt (Gross debt less total cash) 13,530,100$ 13,326,285$ 12,925,944$ 12,150,600$ TTM Net Sales 16,331,574$ 17,181,805$ 18,157,083$ 19,065,194$ Net income 1,252,760$ 1,260,492$ 1,503,364$ 2,083,536$ Income tax 293,066 311,753 391,273 596,128 Depreciation 258,530 280,656 297,018 317,416 Amortization 321,693 385,208 451,490 500,713 Interest Expense 313,696 399,267 487,988 573,894 TTM EBITDA 2,439,745$ 2,637,376$ 3,131,133$ 4,071,687$ Adjustments: Business realignment charges 15,604 17,337 22,426 26,706 Costs to achieve 15,555 48,166 78,477 95,439 Acquisition-related costs 203,786 186,627 175,202 166,294 Loss on deal-contingent forward contracts 1,405,418 1,256,036 1,009,053 389,992 Gain on Aircraft Wheel & Brake divestiture (372,930) (372,930) (372,930) (372,930) Amortization of inventory step-up to FV 18,358 130,331 167,973 109,981 Net loss on divestitures 0 0 10,927 10,927 Russia liquidation 20,057 20,057 0 0 TTM Adjusted EBITDA 3,745,593$ 3,923,000$ 4,222,261$ 4,498,096$ Gross Debt/TTM Adjusted EBITDA 3.8 3.6 3.2 2.8 Net Debt/TTM Adjusted EBITDA 3.6 3.4 3.1 2.7

Reconciliation of Free Cash Flow Conversion 29 (Unaudited) (Dollars in thousands) 2023 2022 Net Income 2,083,536$ 1,316,186$ Cash Flow from Operations 2,979,930$ 2,441,730$ Capital Expenditures (380,747) (230,044) Free Cash Flow 2,599,183$ 2,211,686$ Free Cash Flow Conversion (Free Cash Flow / Net Income) 125% 168% Twelve Months Ended June 30,

Supplemental Sales Information Global Technology Platforms 30 (Unaudited) (Dollars in thousands) 2023 2022 2023 2022 Net sales Diversified Industrial: Motion Systems $ 992,659 $ 921,265 $ 3,830,062 $ 3,489,431 Flow and Process Control 1,263,428 1,229,853 4,939,356 4,616,270 Filtration and Engineered Materials 1,557,344 1,360,502 5,936,275 5,236,345 Aerospace Systems 1,282,512 676,212 4,359,501 2,519,562 Total $ 5,095,943 $ 4,187,832 $ 19,065,194 $ 15,861,608 Three Months Ended June 30, Twelve Months Ended June 30,

*Totals may not foot due to rounding Reconciliation of Forecasted Segment Operating Margin 31 (Unaudited) (Amounts in percentages) Fiscal Year 2024 Forecasted segment operating margin 19.7% to 20.1% Adjustments: Business realignment charges 0.4% Costs to achieve 0.2% Acquisition-related intangible asset amortization expense 2.8% Adjusted forecasted segment operating margin 23.0% to 23.4%

Reconciliation of EPS 1. This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. 32 (Unaudited) (Amounts in dollars) Fiscal Year 2024 Forecasted earnings per diluted share $18.05 to $19.05 Adjustments: Business realignment charges 0.54 Costs to achieve 0.27 Acquisition-related intangible asset amortization expense 4.23 Tax effect of adjustments1 (1.19) Adjusted forecasted earnings per diluted share $21.90 to $22.90

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Cover	Aug. 03, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 03, 2023
Entity Registrant Name	PARKER-HANNIFIN CORPORATION
Entity Incorporation, State or Country Code	OH
Entity File Number	1-4982
Entity Tax Identification Number	34-0451060
Entity Address, Address Line One	6035 Parkland Boulevard
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44124-4141
City Area Code	216
Local Phone Number	896-3000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Shares, $.50 par value
Trading Symbol	PH
Security Exchange Name	NYSE
Entity Central Index Key	0000076334
Amendment Flag	false