Parker-Hannifin Corp (NYSE:PH) reported mixed third-quarter results and revised its 2025 outlook on Thursday.

The company's sales of $4.96 billion and 1% organic growth were slightly below the consensus of $4.99 billion.

Adjusted EPS for the quarter was $6.94, beating the consensus of $6.72.

Orders were up 9% year-over-year (Y/Y), with Diversified Industrial North American businesses up 3% Y/Y and Diversified Industrial International businesses up 11% Y/Y. Orders in the Aerospace Systems segment increased by 14% Y/Y in the quarter.

Segment Sales: Diversified Industrial North America $2.031 billion (-9.0% Y/Y), Diversified Industrial International $1.358 billion (-5.3% Y/Y), and Aerospace Systems $1.572 billion (+11.6% Y/Y).

The total adjusted segment operating margin for the quarter was 26.3%, up 160 bps Y/Y.

Parker-Hannifin's year-to-date cash flow from operations stood at $2.31 billion. It held $408.7 million in cash and equivalents as of quarter-end.

2025 Outlook updated: Parker now expects sales growth of (1%), with organic sales growth of 1% and unfavorable currency of (0.5%).

The company narrows its adjusted EPS guidance to $26.60-$26.80 (prior $26.40 to $27.00), compared to the $26.73 consensus.

Parker expects a total segment operating margin of approximately 22.7%, or approximately 25.9%, on an adjusted basis.

Dividend: On April 24, the Board of Directors declared a quarterly cash dividend of $1.80 per share for shareholders of record on May 9, 2025, payable on June 6, 2025.

This dividend represents a 10% increase over the previous quarterly dividend of $1.63 per share.

Investors can gain exposure to the stock via Tema ETF Trust Tema American Reshoring ETF (NYSE:RSHO) and ETF Opportunities Trust Brendan Wood TopGun Index ETF (BATS:BWTG).

Price Action: Parker-Hannifin shares are closed at $610.12 on Thursday.

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