Parker Hannifin Raises FY 2027 Organic Sales Outlook to 9% Midpoint

Parker Hannifin raised its fiscal 2027 organic sales growth outlook after first-quarter organic growth reached 11.5%, setting a 9% midpoint for the full-year forecast, which includes $1.85 billion in Filtration Group sales. The Nov. 5 forecast covers the year ending June 30, 2027, and sets organic sales growth at 7.5% to 10.5%. The midpoint is 9%, up from a previous midpoint of 7%. Parker’s reported sales growth range is 16% to 19%. The forecast attributes about 9% of expected sales growth to acquisitions and a negative 0.5% to currency. The fiscal 2027 outlook includes $1.85 billion in Filtration Group sales.

Source: TokenPost