Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty
Third-Quarter Results: Parker-Hannifin Corp reported mixed results for Q3, with sales of $4.96 billion slightly below expectations, but adjusted EPS of $6.94 exceeded the consensus. Orders increased by 9% year-over-year, particularly in Aerospace Systems, which saw a 14% rise.
2025 Outlook and Dividend: The company revised its 2025 outlook, expecting a slight decline in sales growth and narrowed its adjusted EPS guidance to $26.60-$26.80. Additionally, a quarterly cash dividend of $1.80 per share was declared, marking a 10% increase from the previous dividend.
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Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty
Third-Quarter Results: Parker-Hannifin Corp reported mixed results for Q3, with sales of $4.96 billion slightly below expectations, but adjusted EPS of $6.94 exceeded the consensus. Orders increased by 9% year-over-year, particularly in Aerospace Systems, which saw a 14% rise.
2025 Outlook and Dividend: The company revised its 2025 outlook, expecting a slight decline in sales growth and narrowed its adjusted EPS guidance to $26.60-$26.80. Additionally, a quarterly cash dividend of $1.80 per share was declared, marking a 10% increase from the previous dividend.
RBC Teams Up with Cohere For GenAI Financial Solutions: Details
Partnership Announcement: Royal Bank of Canada has partnered with Cohere to develop a generative AI solution called North for Banking, aimed at enhancing security and risk management in financial services.
Investor Day Plans: RBC will host an Investor Day on March 27, 2025, featuring presentations from CEO Dave McKay and other executives, while its stock recently saw a slight increase.
Parker-Hannifin Trims Outlook, But CEO Says Firm Ready To Handle Tariff Uncertainty
Third-Quarter Results: Parker-Hannifin Corp reported mixed results for Q3, with sales of $4.96 billion slightly below expectations, but adjusted EPS of $6.94 exceeded the consensus. Orders increased by 9% year-over-year, particularly in Aerospace Systems, which saw a 14% rise.
2025 Outlook and Dividend: The company revised its 2025 outlook, expecting a slight decline in sales growth and narrowed its adjusted EPS guidance to $26.60-$26.80. Additionally, a quarterly cash dividend of $1.80 per share was declared, marking a 10% increase from the previous dividend.
RBC Teams Up with Cohere For GenAI Financial Solutions: Details
Partnership Announcement: Royal Bank of Canada has partnered with Cohere to develop a generative AI solution called North for Banking, aimed at enhancing security and risk management in financial services.
Investor Day Plans: RBC will host an Investor Day on March 27, 2025, featuring presentations from CEO Dave McKay and other executives, while its stock recently saw a slight increase.
