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): November 2, 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 November 2, 2023, Parker-Hannifin Corporation issued a press release and presented a Webcast announcing results of operations for the quarter ended September 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 November 2, 2023.

99.2 Webcast presentation by Parker-Hannifin Corporation, dated November 2, 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:	November 2, 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 2024 First Quarter Results

–Sales increased 15% to $4.8 billion; organic sales increased 2%

–Segment operating margin was 21.3%, or a record 24.9% adjusted, an increase of 220 basis points

–EPS were $4.99, or a first quarter record of $5.96 adjusted, an increase of 26%

–Company increases outlook for segment operating margin and EPS

CLEVELAND, November 2, 2023 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2024 first quarter ended September 30, 2023. Sales were a record at $4.8 billion, an increase of 15%, compared with $4.2 billion in the first quarter of fiscal 2023. Net income was $650.8 million compared with $387.9 million in the prior year quarter. Adjusted net income was $776.4 million, an increase of 26% compared with $615.5 million in the first quarter of fiscal 2023. Earnings per share were $4.99 compared with $2.98 in the first quarter of fiscal 2023. Adjusted earnings per share increased 26% to $5.96 compared with $4.74 in the prior year quarter. Fiscal 2024 year-to-date cash flow from operations was $650.0 million, or 13.4% of sales compared with $457.4 million, or 10.8% of sales, in the prior year. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

“This was another standout quarter for Parker and a reflection of how well our global team members continue to drive operational excellence throughout our business," said Chief Executive Officer Jenny Parmentier. “With a continued focus on improvement through execution of The Win Strategy™ and our transformed portfolio we are consistently driving strong performance. We achieved record performance with all segments delivering adjusted operating margins above 24%. This quarter marks the one year anniversary of Meggitt joining Parker, which helped contribute to an outstanding quarter for the Aerospace Systems segment. Our strategy is working and will continue to drive shareholder value.”

Segment Results

Diversified Industrial Segment: North American first quarter sales increased 5% to $2.2 billion and operating income was $506.1 million compared with $453.0 million in the same period a year ago. On an adjusted basis, North American operating income was $554.3 million, or 24.9% of sales, a 150 basis point increase compared with the first quarter of fiscal 2023. International first quarter sales increased 2.5% to $1.4 billion and operating income was $300.7 million compared with $293.9 million in the same period a year ago. On an adjusted basis, International operating income was $334.2 million, or 24.1% of sales, a 100 basis point increase compared with the prior year quarter.

Aerospace Systems Segment: First quarter sales increased 65% to $1.2 billion and operating income was $226.3 million compared with $92.2 million in the same period a year ago. On an adjusted basis, operating income was $319.5 million, or 26.0% of sales, a 610 basis point increase compared with the prior year quarter.

Orders

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

· Orders increased 2% for total Parker

· Orders decreased 4% in the Diversified Industrial North America businesses

· Orders decreased 8% in the Diversified Industrial International businesses

· Orders increased 24% in the Aerospace Systems Segment on a rolling 12-month average basis.

Outlook

Parker's outlook for the fiscal year ending June 30, 2024 has been updated. The company expects total sales growth in fiscal 2024 to be in the range of 2.5% to 5.5%; total segment operating margin in the range of 20.0% to 20.4%, or 23.4% to 23.8% on an adjusted basis; and earnings per share in the range of $18.73 to $19.53, or $22.60 to $23.40 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, “With such a strong start to the fiscal year, we have raised our guidance for fiscal 2024.Our focus remains on being the safest industrial company in the world, serving our customers, strengthening our operations and expanding margins. These priorities coupled with favorable secular growth trends will help accelerate our performance through the cycle and achieve our long-term financial targets.We have a very promising future.”

NOTICE OF CONFERENCE CALL:Parker Hannifin's webcast to discuss its fiscal 2024 first quarter results is 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 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 on 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; 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; 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, 2023 and other periodic filings made with the SEC.

###

PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2023			Exhibit 99.1
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands, except per share amounts)	2023		2022
Net sales	$	4,847,488	$	4,232,775
Cost of sales	3,097,349		2,795,456
Selling, general and administrative expenses	873,691		835,804
Interest expense	134,468		117,794
Other income, net	(78,455)		(19,624)
Income before income taxes	820,435		503,345
Income taxes	169,363		115,308
Net income	651,072		388,037
Less: Noncontrolling interests	245		183
Net income attributable to common shareholders	$	650,827	$	387,854
Earnings per share attributable to common shareholders:
Basic earnings per share	$	5.07	$	3.02
Diluted earnings per share	$	4.99	$	2.98
Average shares outstanding during period - Basic	128,472,550		128,425,002
Average shares outstanding during period - Diluted	130,363,441		129,942,408
CASH DIVIDENDS PER COMMON SHARE
(Unaudited)	Three Months Ended September 30,
(Amounts in dollars)	2023		2022
Cash dividends per common share	$	1.48	$	1.33

RECONCILIATION OF ORGANIC GROWTH
(Unaudited)	Three Months Ended September 30,
	2023		2022
Sales growth - as reported	14.5	%	12.5	%
Adjustments:
Acquisitions	11.8	%	3.8	%
Divestitures	(0.6)	%	(0.1)	%
Currency	1.0	%	(5.4)	%
Organic sales growth	2.3	%	14.2	%

PARKER HANNIFIN CORPORATION - SEPTEMBER 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 September 30,
(Dollars in thousands)	2023		2022
Net income attributable to common shareholders	$	650,827	$	387,854
Adjustments:
Acquired intangible asset amortization expense	155,520		87,014
Business realignment charges	13,092		3,861
Integration costs to achieve	6,406		11,991
Acquisition-related expenses	—		160,258
Loss on deal-contingent forward contracts	—		389,992
Net gain on divestitures	(13,260)		(372,930)
Amortization of inventory step-up to fair value	—		18,358
Tax effect of adjustments1	(36,148)		(70,855)
Adjusted net income attributable to common shareholders	$	776,437	$	615,543

RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
(Unaudited)	Three Months Ended September 30,
(Amounts in dollars)	2023		2022
Earnings per diluted share	$	4.99	$	2.98
Adjustments:
Acquired intangible asset amortization expense	1.19		0.67
Business realignment charges	0.10		0.03
Integration costs to achieve	0.05		0.09
Acquisition-related expenses	—		1.24
Loss on deal-contingent forward contracts	—		3.00
Net gain on divestitures	(0.10)		(2.87)
Amortization of inventory step-up to fair value	—		0.14
Tax effect of adjustments1	(0.27)		(0.54)
Adjusted earnings per diluted share	$	5.96	$	4.74
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 - SEPTEMBER 30, 2023			Exhibit 99.1
BUSINESS SEGMENT INFORMATION
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023		2022
Net sales
Diversified Industrial:
North America	$	2,229,906	$	2,131,760
International	1,388,622		1,355,013
Aerospace Systems	1,228,960		746,002
Total net sales	$	4,847,488	$	4,232,775
Segment operating income
Diversified Industrial:
North America	$	506,053	$	452,986
International	300,701		293,940
Aerospace Systems	226,260		92,151
Total segment operating income	1,033,014		839,077
Corporate general and administrative expenses	55,656		51,660
Income before interest expense and other expense	977,358		787,417
Interest expense	134,468		117,794
Other expense, net	22,455		166,278
Income before income taxes	$	820,435	$	503,345

RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023			2022
Diversified Industrial North America sales	$	2,229,906		$	2,131,760
Diversified Industrial North America operating income	$	506,053		$	452,986
Adjustments:
Acquired intangible asset amortization	44,683			46,274
Business realignment charges	2,584			133
Integration costs to achieve	945			47
Adjusted Diversified Industrial North America operating income	$	554,265		$	499,440
Diversified Industrial North America operating margin	22.7		%	21.2		%
Adjusted Diversified Industrial North America operating margin	24.9		%	23.4		%

PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2023				Exhibit 99.1
RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023			2022
Diversified Industrial International sales	$	1,388,622		$	1,355,013
Diversified Industrial International operating income	$	300,701		$	293,940
Adjustments:
Acquired intangible asset amortization	23,268			16,805
Business realignment charges	10,055			1,879
Integration costs to achieve	194			139
Adjusted Diversified Industrial International operating income	$	334,218		$	312,763
Diversified Industrial International operating margin	21.7		%	21.7		%
Adjusted Diversified Industrial International operating margin	24.1		%	23.1		%
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023			2022
Aerospace Systems sales	$	1,228,960		$	746,002
Aerospace Systems operating income	$	226,260		$	92,151
Adjustments:
Acquired intangible asset amortization	87,569			23,935
Business realignment charges	453			1,849
Integration costs to achieve	5,267			11,805
Amortization of inventory step-up to fair value	—			18,358
Adjusted Aerospace Systems operating income	$	319,549		$	148,098
Aerospace Systems operating margin	18.4		%	12.4		%
Adjusted Aerospace Systems operating margin	26.0		%	19.9		%
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023			2022
Total net sales	$	4,847,488		$	4,232,775
Total segment operating income	$	1,033,014		$	839,077
Adjustments:
Acquired intangible asset amortization	155,520			87,014
Business realignment charges	13,092			3,861
Integration costs to achieve	6,406			11,991
Amortization of inventory step-up to fair value	—			18,358
Adjusted total segment operating income	$	1,208,032		$	960,301
Total segment operating margin	21.3		%	19.8		%
Adjusted total segment operating margin	24.9		%	22.7		%

PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2023			Exhibit 99.1
CONSOLIDATED BALANCE SHEET
(Unaudited)	September 30,		June 30,
(Dollars in thousands)	2023		2023
Assets
Current assets:
Cash and cash equivalents	$	448,926	$	475,182
Marketable securities and other investments	7,930		8,390
Trade accounts receivable, net	2,740,420		2,827,297
Non-trade and notes receivable	296,097		309,167
Inventories	3,028,748		2,907,879
Prepaid expenses and other	307,474		306,314
Total current assets	6,829,595		6,834,229
Property, plant and equipment, net	2,840,508		2,865,030
Deferred income taxes	72,457		81,429
Investments and other assets	1,135,070		1,104,576
Intangible assets, net	8,191,958		8,450,614
Goodwill	10,523,129		10,628,594
Total assets	$	29,592,717	$	29,964,472
Liabilities and equity
Current liabilities:
Notes payable and long-term debt payable within one year	$	3,594,425	$	3,763,175
Accounts payable, trade	2,036,752		2,050,934
Accrued payrolls and other compensation	424,537		651,319
Accrued domestic and foreign taxes	505,018		374,571
Other accrued liabilities	1,106,324		895,371
Total current liabilities	7,667,056		7,735,370
Long-term debt	8,596,063		8,796,284
Pensions and other postretirement benefits	493,278		551,510
Deferred income taxes	1,589,833		1,649,674
Other liabilities	671,537		893,355
Shareholders' equity	10,565,382		10,326,888
Noncontrolling interests	9,568		11,391
Total liabilities and equity	$	29,592,717	$	29,964,472

PARKER HANNIFIN CORPORATION - SEPTEMBER 30, 2023			Exhibit 99.1
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)	Three Months Ended September 30,
(Dollars in thousands)	2023		2022
Cash flows from operating activities:
Net income	$	651,072	$	388,037
Depreciation and amortization	240,387		153,981
Stock incentive plan compensation	77,894		65,018
Gain on sale of businesses	(13,260)		(372,930)
Loss (gain) on disposal of property, plant and equipment	1,333		(4,287)
Gain on marketable securities	(18)		(1,361)
Gain on investments	(1,384)		(1,957)
Net change in receivables, inventories and trade payables	(69,280)		(30,792)
Net change in other assets and liabilities	(185,691)		24,371
Other, net	(51,094)		237,278
Net cash provided by operating activities	649,959		457,358
Cash flows from investing activities:
Acquisitions (net of cash of $89,704 in 2022)	—		(7,146,110)
Capital expenditures	(97,746)		(83,555)
Proceeds from sale of property, plant and equipment	710		11,107
Proceeds from sale of businesses	36,691		441,340
Purchases of marketable securities and other investments	(4,477)		(7,687)
Maturities and sales of marketable securities and other investments	4,027		16,467
Payments of deal-contingent forward contracts	—		(1,405,418)
Other	4,801		246,438
Net cash used in investing activities	(55,994)		(7,927,418)
Cash flows from financing activities:
Net payments for common stock activity	(78,148)		(66,682)
Acquisition of noncontrolling interests	(2,883)		—
Net (payments for) proceeds from debt	(346,411)		1,586,181
Financing fees paid	—		(8,754)
Dividends paid	(190,420)		(171,176)
Net cash (used in) provided by financing activities	(617,862)		1,339,569
Effect of exchange rate changes on cash	(2,359)		(15,078)
Net decrease in cash, cash equivalents and restricted cash	(26,256)		(6,145,569)
Cash, cash equivalents and restricted cash at beginning of year	475,182		6,647,876
Cash and cash equivalents at end of period	$	448,926	$	502,307

PARKER HANNIFIN CORPORATION - SEPTEMBER 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	20.0% to 20.4%
Adjustments:
Business realignment charges	0.3%
Costs to achieve	0.2%
Acquisition-related intangible asset amortization expense	2.9%
Adjusted forecasted segment operating margin	23.4% to 23.8%

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	$18.73 to $19.53
Adjustments:
Business realignment charges	0.53
Costs to achieve	0.27
Acquisition-related intangible asset amortization expense	4.36
Net gain on divestitures	(0.10)
Tax effect of adjustments1	(1.19)
Adjusted forecasted earnings per diluted share	$22.60 to $23.40
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 2024 First Quarter Earnings Presentation November 2, 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, 2023 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. Please visit www.PHstock.com for more information 2

3 FY24 Q1 Highlights $4.8B Reported Sales 15% Increase +2.3% Organic1 24.9% Adjusted Segment Margin1 +220bps 26% Adjusted EPS Growth1 11.4% Free Cash Flow Margin1  Driven by a strong portfolio and our teams executing The Win StrategyTM  Record sales, adjusted segment operating margins and adjusted earnings per share  All segments above 24% adjusted segment margins1  Parker and Meggitt combination delivered an outstanding quarter for Aerospace  Strong start to the year, increasing FY24 guidance FY24 Q1: A Standout Quarter 16% Reduction in Recordable Incidents 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY24 Q1 As Reported: Segment Operating Margin of 21.3%, EPS of $4.99.

Longer Cycle Shorter Cycle Industrial Aftermarket Longer Cycle + Secular Trends Shorter Cycle Industrial Aftermarket FY15 FY24 Guidance Longer Cycle + Secular Trends FY27 Illustration Longer Cycle + Secular Trends Shorter Cycle Industrial Aftermarket 4 Portfolio Transformation Expands Longer Cycle and Secular Revenue Mix

77% 81% 121% 123% FY16 FY19 FY23 FY24 Q1 Aerospace Systems Transformed Portfolio Drives Strong Backlog 5 1. Backlog % of NTM sales is a ratio of ending backlog of the period divided by next 12-month sales. FY24 Q1 illustration based on backlog as of 9/30/23 divided by FY24 sales guidance midpoint. Backlog Remains Resilient % of Next 12-Months Sales1 Robust Aerospace Demand Longer Term Visibility 27% 31% 55% 54% FY16 FY19 FY23 FY24 Q1 Parker 15% 18% 32% 31% FY16 FY19 FY23 FY24 Q1 Diversified Industrial % of Next 12-Months Sales1 % of Next 12-Months Sales1

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

A POWERFUL COMBINATION

8

31% 14%34% 21% 9 Favorable Aerospace Secular Trend Drives Future Growth 19 20 21 22 23E 24E 25E 26E 19 20 21 22 23E 24E19 20 21 22 23E 24E 25E 26E Commercial Aircraft Deliveries1 Air Traffic Available Seat Km (ASK)2 DoD Budget ($B)3 45% Aftermarket Military OE Defense budget growth Commercial OE Narrowbodies production rate increase Commercial Aftermarket Commercial air traffic recovery Military Aftermarket DoD repair depot partnerships and retrofits / upgrades ~12% CY23-26 CAGR ~10% CY23-26 CAGR ~6% Gov’t FY21-24 CAGR 1. Commercial aircraft deliveries is Parker internal forecast based on 3rd party data. 2. ASK is Parker internal forecast. 3. DoD Budget is from U.S. government budget. FY 23 S al es M ix M ac ro G ro w th D riv er s

Summary of Fiscal 2024 1st Quarter Highlights

FY24 Q1 Financial Summary 1. Sales figures As Reported. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY23 Q1 As Reported: Segment Operating Margin of 19.8%, EBITDA Margin of 18.3%, Net Income of $388M, EPS of $2.98. 11 $ Millions, except per share amounts FY24 Q1 FY24 Q1 FY23 Q1 YoY Change As Reported Adjusted¹ Adjusted¹ Adjusted Sales $4,847 $4,847 $4,233 +15% Segment Operating Margin 21.3% 24.9% 22.7% +220 bps EBITDA Margin 24.7% 24.8% 23.3% +150 bps Net Income $651 $776 $616 +26% EPS $4.99 $5.96 $4.74 +26%

FY24 Q1 Adjusted Earnings per Share Bridge 1. FY23 Q1 As Reported EPS of $2.98. FY24 Q1 As Reported EPS of $4.99. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 12 $5.16 $6.13 $4.74 $5.96 $4.74 $5.96

FY24 Q1 Segment Performance Sales As Reported $ Organic %1 Segment Operating Margin As Reported Segment Operating Margin Adjusted1 Order Rates2 Commentary $2,230M +0.5% Organic 22.7% 24.9% +150 bps YoY (4%) • Excellent margin expansion • Distribution rebalancing • Robust backlog coverage $1,389M (2.2%) Organic 21.7% 24.1% +100 bps YoY (8%) • Resilient margin performance • China recovery remains slow • Order declines consistent across regions $1,229M +15.8% Organic 18.4% 26.0% +610 bps YoY +24% • Double digit growth all market segments • Strong aftermarket growth & margins • Order strength continues $4,847M +2.3% Organic 21.3% 24.9% +220 bps YoY +2% • Win StrategyTM drives record margins • Celebrating one-year with Meggitt • 40% incremental adjusted margin1 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 13

FY24 Q1 Cash Flow Performance  Cash Flow from Operations of 13.4%  Free Cash Flow of 11.4%1 • CapEx of 2.0% of sales  Free Cash Flow Conversion of 85%1  Committed to FY24 Guidance: • Free Cash Flow1 of $2.6B - $3.0B • FCF Conversion1 >100% 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 14 Free Cash Flow1 $374M $552M d FY23 FY24 8.8% 11.4% Cash Flow from Operations $457M $650M Adj. EPS 10.8% 13.4% FY23 FY24 % to sales

3.6x 2.5x Adj. EPS Debt & Leverage Reduction Ahead of Schedule 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 15  Since Meggitt acquisition close: • ~$1.8B debt reduction • 1.2x leverage reduction  ~$370M debt reduction during Q1  Expect ~$2B debt paydown in FY24  Target 2.0x leverage during FY25 Net Debt / Adj. EBITDA1Gross Debt / Adj. EBITDA1 3.8x 2.6x Adj. EPSQ1 FY23 Q1 FY24 Q1 FY23 Q1 FY24

FY24 Guidance Increased EPS Midpoint: $19.13 As Reported, $23.00 Adjusted 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 16 Guidance Metric FY24 Full Year Key Assumptions Reported Sales 2.5% - 5.5%  Strong backlog coverage  ~$140m currency headwind vs. prior guidance  Split: 1H: 49% | 2H: 51% Organic Sales Growth1 ~1.5%  Reaffirming full-year organic growth midpoint  Raising Aerospace organic to 10% vs. 8% in prior guidance Adj. Operating Margin1 23.4% - 23.8%  Raising midpoint to 23.6% vs. 23.2% in prior guidance  ~40% incrementals Adj. EPS1 $22.60 - $23.40  ~($0.20) currency headwind vs. prior guidance  Tax rate: ~23%  Split: 1H: 48% | 2H: 52% Free Cash Flow1 $2.6B - $3.0B  CapEx: ~2% of sales  FCF Conversion >100%

Lee Banks Transformational Leadership & Countless Significant Contributions to Parker’s Success ▪ Retiring as Vice Chairman and President effective December 31, 2023 ▪ Joined Parker in 1991; Officer since 2006 & Director since 2015 ▪ During his tenure, sales grew at a 7% CAGR to nearly $20B1 ▪ EPS have grown from $0.36 in FY91 to $21.55 adjusted in FY23 ▪ TSR of 292% since 2015 vs. S&P 500 Industrials sector of 80% 17 1. CAGR from FY91 to FY24 Guidance. Note: Total shareholder return data from Capital IQ as of February 1, 2015 through September 30, 2023

Key Messages and Outlook  Successful first full year with Meggitt  ~30% exposure to Aerospace & Defense markets  Longer cycle & more resilient revenue mix: ~85% by FY27 A Promising Future  Focus on safety and engagement  Continue performance acceleration from The Win Strategy™ 3.0  Proven track record - our people and performance through cycles Consistent Performance  Well positioned to capitalize on the growth from secular trends  Continue to be great generators and deployers of cash  Committed to FY27 Targets 18 Portfolio Transformation

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 20

FY24 Guidance Details Sales Growth vs. Prior Year As Reported Organic1 Diversified Industrial North America 0.0% - 3.0% ~0.5% Diversified Industrial International (5.0%) - (2.0%) ~(3.0%) Aerospace Systems 16.5% - 19.5% ~10% Parker 2.5% - 5.5% ~1.5% Segment Operating Margins As Reported Adjusted1 Diversified Industrial North America 20.9% - 21.3% 23.1% - 23.5% Diversified Industrial International 20.4% - 20.8% 22.9% - 23.3% Aerospace Systems 18.2% - 18.6% 24.4% - 24.8% Parker 20.0% - 20.4% 23.4% - 23.8% Earnings Per Share As Reported Adjusted1 Midpoint $19.13 $23.00 Range $18.73 - $19.53 $22.60 - $23.40 1. Adjusted numbers include certain non-GAAP financial measures. Detail of Pre-Tax Adjustments to: Segment Margins Below Segment Acquired Intangible Asset Amortization ~$565M — Business Realignment Charges ~$70M — Integration Costs to Achieve ~$35M — Net Gain on Divestiture — ($13M) 21 Additional Items As Reported and Adjusted1 Corporate G&A ~$240M Interest Expense ~$515M Other Expense ~$16M ~$29M Reported Tax Rate ~23% Diluted Shares Outstanding ~130M

Reconciliation of Organic Growth 22 (Dollars in thousands) (Unaudited) Quarter-to-Date As Reported Adjusted As Reported Net Sales September 30, 2023 Acquisitions September 30, 2023 September 30, 2022 Diversified Industrial: North America 2,229,906$ (10,944)$ 543$ (77,384)$ 2,142,121$ 2,131,760$ International Europe 784,198 (38,100) - (33,935) 712,163 698,826 Asia Pacific 524,954 12,057 - (3,986) 533,025 581,623 Latin America 79,470 1,180 - - 80,650 74,564 International 1,388,622 (24,863) - (37,921) 1,325,838 1,355,013 Total Diversified Industrial 3,618,528 (35,807) 543 (115,305) 3,467,959 3,486,773 Aerospace Systems 1,228,960 (3,496) 24,404 (385,702) 864,166 746,002 Total Parker Hannifin 4,847,488$ (39,303)$ 24,947$ (501,007)$ 4,332,125$ 4,232,775$ As reported Currency Divestitures Acquisitions Organic Diversified Industrial: North America 4.6 % 0.5 % (0.0)% 3.6 % 0.5 % International Europe 12.2 % 5.4 % 0.0 % 4.9 % 1.9 % Asia Pacific (9.7)% (2.0)% 0.0 % 0.7 % (8.4)% Latin America 6.6 % (1.6)% 0.0 % 0.0 % 8.2 % International 2.5 % 1.9 % 0.0 % 2.8 % (2.2)% Total Diversified Industrial 3.8 % 1.0 % (0.0)% 3.3 % (0.5)% Aerospace Systems 64.7 % 0.5 % (3.3)% 51.7 % 15.8 % Total Parker Hannifin 14.5 % 1.0 % (0.6)% 11.8 % 2.3 % Currency Divestitures

(Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2024 Acquired Business Meggitt As Reported Intangible Asset Realignment Costs to Gain on Adjusted September 30, 2023 % of Sales Amortization Charges Achieve Divestiture September 30, 2023 % of Sales Net sales 4,847,488$ 100.0 % -$ -$ -$ -$ -$ -$ -$ 4,847,488$ 100.0 % Cost of sales 3,097,349 63.9 % 27,199 6,984 1,274 - - - - 3,061,892 63.2 % Selling, general and admin. expenses 873,691 18.0 % 128,321 6,108 5,132 - - - - 734,130 15.1 % Interest expense 134,468 2.8 % - - - - - - - 134,468 2.8 % Other (income) expense, net (78,455) (1.6)% - - - (13,260) - - - (65,195) (1.3)% Income before income taxes 820,435 16.9 % (155,520) (13,092) (6,406) 13,260 - - - 982,193 20.3 % Income taxes 169,363 3.5 % 37,169 3,129 1,531 (5,681) - - - 205,511 4.2 % Net income 651,072 13.4 % (118,351) (9,963) (4,875) 7,579 - - - 776,682 16.0 % Less: Noncontrolling interests 245 0.0 % - - - - - - - 245 0.0 % Net income - common shareholders 650,827$ 13.4 % (118,351)$ (9,963)$ (4,875)$ 7,579$ -$ -$ -$ 776,437$ 16.0 % Diluted earnings per share 4.99$ (0.91)$ (0.08)$ (0.04)$ 0.06$ -$ -$ -$ 5.96$ Adjusted Amounts Reconciliation Consolidated Statement of Income 23 (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2023 Acquired Business Meggitt Acquisition Loss on Gain on Amortization As Reported Intangible Asset Realignment Costs to Related Deal-Contingent Aircraft Wheel & Brake of Inventory Adjusted September 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Divestiture Step-Up to FV September 30, 2022 % of Sales Net sales 4,232,775$ 100.0 % -$ -$ -$ -$ -$ -$ -$ 4,232,775$ 100.0 % Cost of sales 2,795,456 66.0 % 18,632 2,499 627 - - - 18,358 2,755,340 65.1 % Selling, general and admin. Expenses 835,804 19.7 % 68,382 1,362 11,364 108,568 - - - 646,128 15.3 % Interest expense 117,794 2.8 % - - - - - - - 117,794 2.8 % Other (income) expense, net (19,624) (0.5)% - - - 51,690 389,992 (372,930) - (88,376) (2.1)% Income before income taxes 503,345 11.9 % (87,014) (3,861) (11,991) (160,258) (389,992) 372,930 (18,358) 801,889 18.9 % Income taxes 115,308 2.7 % 20,622 915 2,842 37,982 94,713 (90,570) 4,351 186,163 4.4 % Net income 388,037 9.2 % (66,392) (2,946) (9,149) (122,276) (295,279) 282,360 (14,007) 615,726 14.5 % Less: Noncontrolling interests 183 0.0 % - - - - - - - 183 0.0 % Net income - common shareholders 387,854$ 9.2 % (66,392)$ (2,946)$ (9,149)$ (122,276)$ (295,279)$ 282,360$ (14,007)$ 615,543$ 14.5 % Diluted earnings per share 2.98$ (0.52)$ (0.02)$ (0.07)$ (0.94)$ (2.27)$ 2.17$ (0.11)$ 4.74$

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. 24 (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2024 Acquired Business Meggitt As Reported Intangible Asset Realignment Costs to Net Gain on Adjusted September 30, 2023 % of Sales Amortization Charges Achieve Divestiture September 30, 2023 % of Sales2 Diversified Industrial: North America1 506,053$ 22.7% 44,683$ 2,584$ 945$ -$ -$ -$ 554,265$ 24.9% International1 300,701 21.7% 23,268 10,055 194 - - - 334,218 24.1% Total Diversified Industrial1 806,754 22.3% 67,951 12,639 1,139 - - - 888,483 24.6% Aerospace Systems1 226,260 18.4% 87,569 453 5,267 - - - 319,549 26.0% Total segment operating income 1,033,014 21.3% (155,520) (13,092) (6,406) - - - 1,208,032 24.9% Corporate administration 55,656 1.1% - - - - - - 55,656 1.1% Income before interest and other 977,358 20.2% (155,520) (13,092) (6,406) - - - 1,152,376 23.8% Interest expense 134,468 2.8% - - - - - - 134,468 2.8% Other (income) expense 22,455 0.5% - - - (13,260) - - 35,715 0.7% Income before income taxes 820,435$ 16.9% (155,520)$ (13,092)$ (6,406)$ 13,260$ -$ -$ 982,193$ 20.3% (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2023 Acquired Business Meggitt Acquisition Loss on Gain on Amortization As Reported Intangible Asset Realignment Cost to Related Deal-Contingent Aircraft Wheel & Brake of Inventory Adjusted September 30, 2022 % of Sales Amortization Charges Achieve Expenses Forward Contracts Divestiture Step-Up to FV September 30, 2022 % of Sales2 Diversified Industrial: North America1 452,986$ 21.2% 46,274$ 133$ 47$ -$ -$ -$ -$ 499,440$ 23.4% International1 293,940 21.7% 16,805 1,879 139 - - - - 312,763 23.1% Total Diversified Industrial1 746,926 21.4% 63,079 2,012 186 - - - - 812,203 23.3% Aerospace Systems1 92,151 12.4% 23,935 1,849 11,805 - - - 18,358 148,098 19.9% Total segment operating income 839,077 19.8% (87,014) (3,861) (11,991) - - - (18,358) 960,301 22.7% Corporate administration 51,660 1.2% - - - - - - - 51,660 1.2% Income before interest and other 787,417 18.6% (87,014) (3,861) (11,991) - - - (18,358) 908,641 21.5% Interest expense 117,794 2.8% - - - - - - - 117,794 2.8% Other (income) expense 166,278 3.9% - - - 160,258 389,992 (372,930) - (11,042) -0.3% Income before income taxes 503,345$ 11.9% (87,014)$ (3,861)$ (11,991)$ (160,258)$ (389,992)$ 372,930$ (18,358)$ 801,889$ 18.9%

Reconciliation of EBITDA to Adjusted EBITDA 25 (Dollars in thousands) Three Months Ended (Unaudited) September 30, 2023 % of Sales 2022 % of Sales Net sales $ 4,847,488 100.0% $ 4,232,775 100.0% Net income $ 651,072 13.4% $ 388,037 9.2% Income taxes 169,363 3.5% 115,308 2.7% Depreciation 84,867 1.8% 66,967 1.6% Amortization 155,520 3.2% 87,014 2.1% Interest expense 134,468 2.8% 117,794 2.8% EBITDA 1,195,290 24.7% 775,120 18.3% Adjustments: Business realignment charges 13,092 0.3% 3,861 0.1% Meggitt costs to achieve 6,406 0.1% 11,991 0.3% Acquisition-related expenses - 0.0% 160,258 3.8% Loss on deal-contingent forward contracts - 0.0% 389,992 9.2% Amortization of inventory step-up to FV - 0.0% 18,358 0.4% Gain on divestitures (13,260) -0.3% (372,930) -8.8% EBITDA - Adjusted $ 1,201,528 24.8% $ 986,650 23.3% EBITDA margin 24.7 % 18.3 % EBITDA margin - Adjusted 24.8 % 23.3 %

Reconciliation of Gross and Net Debt / Adjusted EBITDA 26 (Unaudited) (Dollars in thousands) September 30, 2022 September 30, 2023 Notes payable and long-term debt payable within one year 1,725,077$ 3,594,425$ Long-term debt 12,238,900 8,596,063 Add: Deferred debt issuance costs 87,934 70,406 Total gross debt 14,051,911$ 12,260,894$ Cash and cash equivalents 502,307$ 448,926$ Marketable securities and other investments 19,504 7,930 Total cash 521,811$ 456,856$ Net debt (Gross debt less total cash) 13,530,100$ 11,804,038$ TTM Net Sales 16,331,574$ 19,679,907$ Net income 1,252,760$ 2,346,571$ Income tax 293,066 650,183 Depreciation 258,530 335,316 Amortization 321,693 569,219 Interest Expense 313,696 590,568 TTM EBITDA 2,439,745$ 4,491,857$ Adjustments: Business realignment charges 15,604 35,937 Costs to achieve 15,555 89,854 Acquisition-related costs 203,786 6,036 Loss on deal-contingent forward contracts 1,405,418 0 Gain on divestitures (372,930) (13,260) Amortization of inventory step-up to FV 18,358 91,623 Net loss on divestitures 0 10,927 Russia liquidation 20,057 0 TTM Adjusted EBITDA 3,745,593$ 4,712,974$ Gross Debt/TTM Adjusted EBITDA 3.8 2.6 Net Debt/TTM Adjusted EBITDA 3.6 2.5

(Unaudited) (Dollars in thousands) 2023 2022 Net Income 651,072$ 388,037$ Cash Flow from Operations 649,959$ 457,358$ Capital Expenditures (97,746) (83,555) Free Cash Flow 552,213$ 373,803$ Free Cash Flow Conversion (Free Cash Flow / Net Income) 85% 96% Three Months Ended September 30, Reconciliation of Free Cash Flow Conversion 27

Supplemental Sales Information Global Technology Platforms 28 (Unaudited) (Dollars in thousands) 2023 2022 Net sales Diversified Industrial: Motion Systems $ 942,314 $ 906,014 Flow and Process Control 1,181,461 1,204,464 Filtration and Engineered Materials 1,494,753 1,376,295 Aerospace Systems 1,228,960 746,002 Total $ 4,847,488 $ 4,232,775 Three Months Ended September 30,

Reconciliation of Forecasted Segment Operating Margin 29 (Unaudited) (Amounts in percentages) Fiscal Year 2024 Forecasted segment operating margin 20.0% to 20.4% Adjustments: Business realignment charges 0.3% Costs to achieve 0.2% Acquisition-related intangible asset amortization expense 2.9% Adjusted forecasted segment operating margin 23.4% to 23.8%

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. 30 (Unaudited) (Amounts in dollars) Fiscal Year 2024 Forecasted earnings per diluted share $18.73 to $19.53 Adjustments: Business realignment charges 0.53 Costs to achieve 0.27 Acquisition-related intangible asset amortization expense 4.36 Net gain on divestitures (0.10) Tax effect of adjustments1 (1.19) Adjusted forecasted earnings per diluted share $22.60 to $23.40

XML

Cover	Nov. 02, 2023
Cover [Abstract]
Document Type	8-K
Document Period End Date	Nov. 02, 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