A company that generates cash isn’t automatically a winner.
Some businesses stockpile cash but fail to reinvest wisely, limiting their ability to expand.
Parker-Hannifin trades at $525.48 per share and has stayed right on track with the overall market, losing 17% over the last six months while the S&P 500 is down 13.7%. This was partly due to its softer quarterly results and might have investors contemplating their next move.
Quarterly earnings results are a good time to check in on a company’s progress, especially compared to its peers in the same sector. Today we are looking at Parker-Hannifin (NYSE:PH) and the best and worst performers in the gas and liquid handling industry.
Looking back on gas and liquid handling stocks’ Q4 earnings, we examine this quarter’s best and worst performers, including Ingersoll Rand (NYSE:IR) and its peers.
Whether you see them or not, industrials businesses play a crucial part in our daily activities. Unfortunately, this role also comes with a demand profile tethered to the ebbs and flows of the broader economy, and investors seem to be forecasting a downturn -
over the past six months, the industry has pulled back by 6.2%. This drop was disheartening since the S&P 500 held steady.
The end of an earnings season can be a great time to discover new stocks and assess how companies are handling the current business environment. Let’s take a look at how Flowserve (NYSE:FLS) and the rest of the gas and liquid handling stocks fared in Q4.
Shares of industrial machinery company Parker-Hannifin (NYSE:PH)
jumped 6.2% in the morning session after the company reported strong fourth quarter results, which beat analysts' EPS expectations despite a revenue miss. Demand indicators improved, especially in the Aerospace segment, and overall order rate increased across the board. The company then reiterated its previous full-year EPS guidance, demonstrating a focus on balancing growth and profits. Overall, this was a decent quarter.
Industrial machinery company Parker-Hannifin (NYSE:PH) fell short of the market’s revenue expectations in Q4 CY2024, with sales falling 1.6% year on year to $4.74 billion. Its non-GAAP profit of $6.53 per share was 4.9% above analysts’ consensus estimates.
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