EARNINGS & CATALYSTS · November 3, 2026
Parker earnings preview for November 5: filtration deal puts organic growth in focus
Parker’s November 5 report will show its first contribution from Filtration Group. Investors will weigh acquired sales against underlying demand, aerospace margins and an updated annual outlook. Recent RTX results add aerospace context.
| Company | Report date | Window | EPS estimate | Revenue estimate |
|---|---|---|---|---|
| Parker-Hannifin Corporation (PH) | November 5, 2026Issuer confirmed | Before open | 8.21 | 5.81B |
1) When are earnings, and what is expected?
Parker has confirmed its first-quarter fiscal 2027 earnings for November 5, 2026 before open. The quarter ended September 30. Parker’s fiscal year ends in June, so this is fiscal 2027 despite taking place in calendar 2026. MarketBeat estimates reviewed November 3 were $8.21 of adjusted profit per share and approximately $5.81 billion of sales. These are analyst expectations, not reported results. Compare the actual profit with the same adjusted definition when results arrive.
2) Will acquired sales translate into profit?
Parker closed its Filtration Group acquisition on August 13. Management expected approximately $1.8 billion of added fiscal 2027 sales over 10.5 months of ownership, with about 60% in North American industrial operations and 40% internationally. The deal was expected to be neutral to adjusted EPS in the first quarter and increase adjusted EPS over the full year. That creates two separate tests: how the existing businesses are performing, and how the acquired business contributes after financing and integration costs. The August 6 annual outlook excluded Filtration Group while it was pending. A higher sales outlook after including the acquisition would not, by itself, demonstrate faster organic growth.
3) What do the recent results and charts show?
In the June quarter, Parker reported $5.755 billion of sales, GAAP diluted EPS of $8.54 and adjusted EPS of $9.27. GAAP follows standard accounting rules; adjusted profit removes selected items. Organic sales grew 8%, while adjusted segment operating margin reached 28%. Margin measures the share of sales left as operating profit. The shares closed November 2 at $928.29, below their 20-day average of $937.77 and 50-day average of $954.56. Recent trading provides approximate reference areas of $868–$900 and $938–$955. A close above $955 would improve the recent setup; a close below $868 would weaken the recent low area. These are reference points, and earnings can move the stock beyond them.
4) How the business makes money
Parker makes motion and control components used in industrial equipment, transportation and aerospace. Its products include hydraulic, pneumatic, sealing, filtration and fluid-control technologies. It earns sales from original equipment and replacement parts, so factory activity, aircraft production and maintenance demand all matter. The financial image shows the fiscal year ended June 30, before Filtration Group joined the company.
5) What to watch
The main decision is whether organic demand and margins support the next annual outlook as Filtration Group joins reported sales. Parker’s August baseline projected 5.5%–8.5% organic sales growth and adjusted EPS of $34.25–$35.25 for fiscal 2027, excluding the then-pending acquisitions. Watch management distinguish acquisition contributions from underlying growth. The Filtration Group closing announcement also targeted approximately $220 million of pre-tax cost savings by the end of year three. Those are management targets, rather than achieved savings. Cash generation and debt reduction will help investors judge whether the acquisition creates value after its costs.
6) Recently reported peers
RTX reported its third quarter on October 20. Sales were $24.965 billion, GAAP EPS was $1.89 and adjusted EPS was $2.26. Collins Aerospace organic sales rose 12%, including 23% growth in commercial original equipment and 9% in the commercial aftermarket. That is relevant context for Parker’s aerospace business, although the product mixes differ. RTX raised its annual adjusted EPS outlook to $7.65–$7.75 from $7.10–$7.25. Its quarter included $0.25 of adjusted EPS from tariff-cost recovery. Compared with the dated consensus used in the image, adjusted EPS beat by about 27% and sales by about 3.5%. Its shares rose about 0.6% between the October 19 and October 20 closes. That price window includes all developments affecting the shares that day.
7) Risks into the report
A slowdown in industrial orders or aircraft production can reduce sales and factory efficiency. Acquisition integration, financing costs and delays in expected savings can hurt profit even when reported sales rise. Tariffs, supply constraints, currency movements and customer mix can also change margins. Keep adjusted and GAAP profit separate and compare guidance on a consistent business scope.