Parker-Hannifin Corporation is a global leader in motion and control technologies. The company designs, manufactures, and provides aftermarket support for engineered solutions in aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration markets. Parker operates with a decentralized structure, fostering customer connections and team engagement. The company's business system, The Win Strategy™, focuses on engaged people, customer experience, profitable growth, and financial performance.

• Employees: 61,120 (as of June 30, 2024)
• Geographic Footprint: Operations in 43 countries
• Headquarters: Cleveland, Ohio
• Founded: 1938
• Number of manufacturing plants: Approximately 335
• Revenue: $19.9 billion (FY2024)
• Market Cap: $58.8 billion (as of December 31, 2023)

• CEO: Jennifer A. Parmentier
• CFO: Todd M. Leombruno
• President and Chief Operating Officer: Andrew D. Ross
• Board Chair: Jennifer A. Parmentier
• Other Key Executives: Mark J. Hart (Executive Vice President - Human Resources and External Affairs), Rachid Bendali (Vice President and President – Engineered Materials Group), Berend Bracht (Vice President and President – Motion Systems Group), Mark T. Czaja (Vice President – Chief Technology and Innovation Officer), Thomas C. Gentile (Vice President – Global Supply Chain), Angela R. Ives (Vice President and Controller), Joseph R. Leonti (Vice President, General Counsel and Secretary), Robert W. Malone (Vice President and President - Filtration Group), Dinu J. Parel (Vice President – Chief Digital and Information Officer), Jay P. Reidy (Vice President and President – Aerospace Group), Patrick M. Scott (Vice President and President – Fluid Connectors Group)

Ms. Parmentier has been Chairman of the Board since January 2024 and Chief Executive Officer since January 2023. Mr. Leombruno has been Executive Vice President and Chief Financial Officer since January 2021. Mr. Ross has been President since January 2024 and Chief Operating Officer since January 2023.

• Annual Revenue: $19.9 billion (FY2024)
• Net Income: $2.8 billion (FY2024)
• Market Cap: $58.8 billion (as of December 31, 2023)
• Total Assets: $29.3 billion (as of June 30, 2024)
• Employees: 61,120 (as of June 30, 2024)
• Key Financial Highlights: Gross profit margin increased to 35.8% in 2024 from 33.7% in 2023. Net sales increased due to higher sales in the Aerospace Systems Segment, partially offset by lower sales in the Diversified Industrial Segment.

Parker offers a wide range of motion-control systems and components.

• Diversified Industrial Segment: Includes motion-control systems and components such as active & passive vibration control, coatings, cryogenic valves & fittings, elastomeric seals, electric & hydraulic pumps & motors, electromagnetic interface shielding, electromechanical & hydraulic actuators, electronics, drives & controllers, engine filtration solutions, fluid condition monitoring, fluid conveyance hose & tubing, high pressure connectors, fittings, valves & regulators, high purity fittings, valves & regulators, high purity sealing, high temperature sealing, HVAC/R controls & monitoring, hydrogen & natural gas filters, industrial air & gas filtration, miniature pumps & valves, pneumatic actuators, regulators & valves, power take offs, process filtration solutions, rubber to substrate adhesives, sensors & diagnostics, structural adhesives, and thermal management.
• Aerospace Systems Segment: Includes avionics, electric & hydraulic braking systems, electric power, electromechanical actuators, engine exhaust systems & components, fire detection & suppression, flight control systems, fluid conveyance, fuel systems & components, fuel tank inerting systems, hydraulic pumps & motors, hydraulic valves & actuators, pneumatics, seals, sensors and thermal management.

Parker operates through two reportable segments:

• Diversified Industrial Segment: 73% of net sales in FY2024. Sells highly engineered differentiated products to original equipment manufacturers and distributors. Key markets include aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration.
• Aerospace Systems Segment: 27% of net sales in FY2024. Sells highly engineered, differentiated airframe and engine components and systems to OEMs and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals.

Parker's strategic priorities include serving customers, executing The Win Strategy, maintaining a decentralized structure, fostering a safety-first culture, engineering innovative systems, delivering value-driven products, enabling sustainability, acquiring strategic businesses, organizing around targeted markets, driving efficiency, and creating an empowering culture. The company is focused on business opportunities in aerospace & defense, in-plant & industrial equipment, transportation, off-highway, energy, and HVAC & refrigeration.

• Key strategic initiatives: The Win Strategy™ 3.0, which focuses on engaged people, customer experience, profitable growth and financial performance.
• Growth drivers: Innovation, strategic acquisitions, and operational efficiency.
• Investment priorities: Safety, strategic investments, and sustainability initiatives.

Parker operates in highly competitive markets with numerous competitors across various markets and product offerings. The company competes based on product quality, innovation, customer experience, manufacturing and distribution capability, aftermarket support, and price competitiveness. The company believes it is a market leader in most of the major markets for its significant products. Key competitors include Bosch Rexroth AG, Danaher Corporation, Danfoss A/S, Donaldson Company, Inc., Emerson Climate Technologies, Inc., Emerson/ASCO, Festo AG & Co., Freudenberg-NOK, Gates Corporation, IMI/Norgren, SMC Corporation, Swagelok Company, and Trelleborg AB in the Diversified Industrial Segment and Crane Co., Eaton Corporation plc, Honeywell International, Inc., Moog Inc., RTX Corporation, Safran S.A., Senior plc, Triumph Group, Inc., and Woodward, Inc. in the Aerospace Systems Segment.

• Market Position: Market leader in most major markets for its products.
• Key Competitors: Bosch Rexroth AG, Danaher Corporation, Danfoss A/S, Donaldson Company, Inc., Emerson Climate Technologies, Inc., Emerson/ASCO, Festo AG & Co., Freudenberg-NOK, Gates Corporation, IMI/Norgren, SMC Corporation, Swagelok Company, Trelleborg AB, Crane Co., Eaton Corporation plc, Honeywell International, Inc., Moog Inc., RTX Corporation, Safran S.A., Senior plc, Triumph Group, Inc., and Woodward, Inc.
• Industry Trends: Rapidly changing technologies, frequent introductions of new products and services, and increasing focus on sustainability.

• Market Risks: Uncertainty in worldwide and regional economic conditions, including inflation, interest rates, and credit availability. Exposure to economic, political, and other risks in different countries.
• Operational Risks: Supply chain disruptions, including raw material availability and pricing fluctuations. Exposure to natural and man-made unexpected events. Changes in demand for and supply of products.
• Financial Risks: Indebtedness and restrictive covenants under credit facilities. Exposure to fluctuations in currency exchange rates.
• Regulatory Risks: Compliance with environmental laws and regulations, including those related to climate change. Compliance with government regulations related to the development, manufacture, marketing, sale and distribution of products.