8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): August 4, 2022

PARKER-HANNIFIN CORPORATION

(Exact Name of Registrant as Specified in Charter)

Ohio	1-4982	34-0451060
(State or other jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)
6035 Parkland Boulevard, Cleveland, Ohio		44124-4141
(Address of Principal Executive Offices)		(Zip Code)

Registrant's telephone number, including area code: (216) 896-3000

Not Applicable

(Former name or former address, if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR

240.14d-2(b))

☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR

240.13e-4(c))

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on which Registered
Common Shares, $.50 par value	PH	New York Stock Exchange

Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).

Emerging growth company ☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Item 2.02 Results of Operations and Financial Condition

On August 4, 2022, Parker-Hannifin Corporation issued a press release and presented a Webcast announcing results of operations for the quarter ended June 30, 2022. A copy of the press release is furnished as Exhibit 99.1 to this report. A copy of the Webcast presentation is furnished as Exhibit 99.2 to this report.

Item 9.01 Financial Statements and Exhibits

(d) Exhibits:

99.1 Press release issued by Parker-Hannifin Corporation, dated August 4, 2022.

99.2 Webcast presentation by Parker-Hannifin Corporation, dated August 4, 2022.

104 Cover Page Interactive Data File (embedded within the Inline XBRL document)

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

		PARKER-HANNIFIN CORPORATION
		By: /s/ Todd M. Leombruno
		Todd M. Leombruno
		Executive Vice President and Chief Financial Officer
Date:	August 4, 2022

EX-99.1

For Release:	Immediately	Exhibit 99.1
Contact:	Media -
	Aidan Gormley - Director, Global Communications and Branding	216-896-3258
	aidan.gormley@parker.com
	Financial Analysts -
	Robin J. Davenport, Vice President, Corporate Finance	216-896-2265
	rjdavenport@parker.com
Stock Symbol:	PH - NYSE

Parker Reports Fiscal 2022 Fourth Quarter and Full Year Results and Issues Guidance for Fiscal 2023

Fiscal 2022 Fourth Quarter Highlights:

- Sales increased 6% to a record of $4.19 billion; organic sales increased 10%

- Total segment operating margin was 20.9%, or a record 22.9% adjusted

- EPS were $0.99, or a record of $5.16 adjusted

Fiscal 2022 Full Year Highlights:

- Sales increased 11% to a record of $15.86 billion; organic sales increased 12%

- Total segment operating margin was 20.1%, or a record 22.3% adjusted

- EPS were $10.09, or a record of $18.72 adjusted

CLEVELAND, August 4, 2022 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2022 fourth quarter ended June 30, 2022. Fiscal 2022 fourth quarter sales were a record at $4.19 billion, an increase of 6%, compared with $3.96 billion in the fourth quarter of fiscal 2021. Net income was $128.8 million compared with $504.8 million in the prior year quarter. Fiscal 2022 fourth quarter adjusted net income was $671.5 million, an increase of 16%, compared with $576.7 million in the fourth quarter of fiscal 2021. Adjustments include a non-cash, pre-tax loss of $619.1 million in the fiscal 2022 fourth quarter on the deal contingent forward contracts related to the previously announced acquisition of Meggitt plc. Earnings per share were $0.99 compared with $3.84 in the fourth quarter of fiscal 2021. Adjusted earnings per share increased 18% to a record of $5.16 compared with $4.38 in the prior year quarter.

For the full year, fiscal 2022 sales were a record at $15.86 billion, an increase of 11%, compared with $14.35 billion in fiscal 2021. Fiscal 2022 net income was $1.32 billion compared with $1.75 billion in fiscal 2021. Fiscal 2022 adjusted net income was $2.44 billion compared with $1.97 billion in the prior year. Adjustments include a non-cash, pre-tax loss of $1.02 billion in fiscal 2022 on the deal contingent forward contracts related to the pending acquisition of Meggitt plc. These forward contracts were established to eliminate currency exchange rate risk associated with the purchase price for the Meggitt

acquisition. The expected total U.S. dollar cash outlay related to the transaction including the hedge contracts is neutral to the transaction consideration originally announced on August 2, 2021. Full year fiscal 2022 earnings per share were $10.09 compared with $13.35 in fiscal 2021. On an adjusted basis, fiscal 2022 full year earnings per share increased 24% to a record of $18.72 compared with $15.04 in the prior year. Fiscal 2022 cash flow from operations was $2.44 billion, or 15.4% of sales, compared with $2.58 billion, or 17.9% of sales, in the prior year. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

"Our results in the fourth quarter demonstrate the consistency with which Parker is executing and delivering record levels of performance," said Chairman and Chief Executive Officer, Tom Williams. "The actions we have taken as part of The Win Strategy™ and the ongoing transformation of our portfolio have built a much more resilient and longer cycle business capable of weathering the challenges we have faced. For the full year, Parker achieved records across many financial measures including sales, adjusted segment operating margins, and adjusted earnings per share, and we also delivered strong cash generation. These are extraordinary achievements and my thanks to our global team for their resolve and contributions.”

Segment Results

Diversified Industrial Segment: North American fourth quarter sales increased 15% to $2.09 billion and operating income was $430.1 million compared with $360.4 million in the same period a year ago. On an adjusted basis, North American operating income was $477.7 million, or 22.9% of sales, a 40 basis point increase compared with the prior year quarter. International fourth quarter sales decreased 5% to $1.42 billion and operating income was $296.8 million compared with $306.5 million in the same period a year ago. On an adjusted basis, International operating income was $319.3 million, or 22.4% of sales, a 30 basis point increase compared with the prior year quarter.

Aerospace Systems Segment: Fourth quarter sales increased 7% to $676.2 million and operating income was $149.4 million compared with $123.1 million in the same period a year ago. On an adjusted basis, operating income was $163.3 million, or 24.2% of sales, a 260 basis point increase compared with the fourth quarter of fiscal 2021.

Parker reported the following orders for the quarter ending June 30, 2022, compared with the same quarter a year ago:

· Orders increased 3% for total Parker

· Orders increased 10% in the Diversified Industrial North America businesses

· Orders decreased 4% in the Diversified Industrial International businesses

· Orders were flat* in the Aerospace Systems Segment on a rolling 12-month average basis.

*Aerospace orders increased approximately 24% excluding sizable multi-year military orders in the second quarter of fiscal 2021.

Update on Regulatory Clearances Related to the Acquisition of Meggitt PLC

As previously announced, the UK’s Secretary of State for Business, Energy and Industrial Strategy accepted the competition and national security undertakings provided by Parker in relation to the Meggitt acquisition and the transaction is therefore cleared to proceed by the UK Government. The transaction remains subject to the U.S. Department of Justice approval and, where applicable, waiver of the conditions set out in the scheme circular published on August 16, 2021, including regulatory clearance and the sanction of the scheme of arrangement by the High Court of Justice in England and Wales pursuant to the UK Companies Act 2006. The company continues to expect the completion of the transaction during the third quarter of calendar year 2022. For copies of all announcements and further information, please visit the dedicated transaction microsite at www.aerospacegrowth.com.

Outlook

Parker announced its outlook for the fiscal year ending June 30, 2023 and noted that its outlook excludes the pending acquisition of Meggitt plc. The company expects fiscal 2023 organic sales growth to be in the range of 2% to 5% and earnings per share in the range of $16.13 to $16.93, or $18.10 to $18.90 on an adjusted basis. Included in the outlook is an expected first quarter fiscal 2023 interest expense of $0.25 per share related to the Meggitt acquisition.

Fiscal year 2023 is adjusted for expected business realignment expenses of approximately $35 million and acquisition-related intangible asset amortization of approximately $300 million. A reconciliation of forecasted earnings per share to adjusted forecasted earnings per share is included in the financial tables of this press release. The company will hold an investor call to review the Meggitt acquisition and update fiscal 2023 guidance shortly after the closing.

Williams added, “We are expecting another record year for Parker in fiscal 2023, adding to our consistent run of annual financial performance improvements. We are confident in achieving our fiscal 2027 financial targets that would put us among the top quartile of our proxy peer companies. We look forward to the completion of the Meggitt acquisition soon and welcoming their talented team to Parker as we significantly expand our aerospace business. Our strategy, including a continued portfolio transformation, have positioned Parker for significant margin expansion opportunities supported by exciting secular trends, including aerospace, digital transformation, electrification and clean technologies that will drive organic growth. We are very well positioned to deliver on a promising future.”

NOTICE OF CONFERENCE CALL:Parker Hannifin's conference call and slide presentation to discuss its fiscal 2022 fourth quarter and full year results are available to all interested parties via live webcast today at 11:00 a.m. ET, at www.phstock.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit www.phstock.com.

About Parker Hannifin

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

Note on Orders

Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future quarterly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. All exclude acquisitions until they can be reflected in both the numerator and denominator. Aerospace comparisons are rolling 12-month average computations. The total Parker orders number is derived from a weighted average of the year-over-year quarterly % change in orders for Diversified Industrial North America and Diversified Industrial International, and the year-over-year 12-month rolling average of orders for the Aerospace Systems Segment.

Note on Net Income

Net income referenced in this press release is equal to net income attributable to common shareholders.

Note on Non-GAAP Financial Measures

This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted segment operating margins; (d) adjusted operating income and (e) organic sales growth. The adjusted net income, earnings per share, segment operating margin, adjusted operating income and organic sales measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and segment operating margins on a comparable basis from period to period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

Forward-Looking Statements

Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the

use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations.

The risks and uncertainties in connection with such forward-looking statements related to the proposed acquisition of Meggitt include, but are not limited to, the occurrence of any event, change or other circumstances that could delay or prevent the closing of the proposed acquisition, including the failure to satisfy any of the conditions to the proposed acquisition; the possibility that in order for the parties to obtain regulatory approvals, conditions are imposed that prevent or otherwise adversely affect the anticipated benefits from the proposed acquisition or cause the parties to abandon the proposed acquisition; adverse effects on Parker’s common stock because of the failure to complete the proposed acquisition; Parker’s business experiencing disruptions due to acquisition-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the possibility that the expected synergies and value creation from the proposed acquisition will not be realized or will not be realized within the expected time period, due to unsuccessful implementation strategies or otherwise; and significant transaction costs related to the proposed acquisition.

Among other factors which may affect future performance are: the impact of the global outbreak of COVID-19 and governmental and other actions taken in response; changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of LORD Corporation or Exotic Metals; the ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021 and other periodic filings made with the SEC.

###

PARKER HANNIFIN CORPORATION - JUNE 30, 2022							Exhibit 99.1
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands, except per share amounts)	2022		2021		2022		2021
Net sales	$	4,187,832	$	3,958,869	$	15,861,608	$	14,347,640
Cost of sales	2,980,654		2,832,281		11,387,267		10,449,680
Selling, general and administrative expenses	426,210		414,048		1,627,116		1,527,302
Interest expense	71,270		60,258		255,252		250,036
Other expense (income), net	591,530		(4,269)		977,747		(126,335)
Income before income taxes	118,168		656,551		1,614,226		2,246,957
Income taxes	(10,738)		151,582		298,040		500,096
Net income	128,906		504,969		1,316,186		1,746,861
Less: Noncontrolling interests	75		176		581		761
Net income attributable to common shareholders	$	128,831	$	504,793	$	1,315,605	$	1,746,100
Earnings per share attributable to common shareholders:
Basic earnings per share	$	1.00	$	3.91	$	10.24	$	13.54
Diluted earnings per share	$	0.99	$	3.84	$	10.09	$	13.35
Average shares outstanding during period - Basic	128,510,429		129,192,426		128,539,387		128,999,879
Average shares outstanding during period - Diluted	130,172,735		131,554,199		130,355,943		130,834,478
CASH DIVIDENDS PER COMMON SHARE
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Amounts in dollars)	2022		2021		2022		2021
Cash dividends per common share	$	1.33	$	1.03	$	4.42	$	3.67

RECONCILIATION OF ORGANIC GROWTH
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
	2022		2021		2022		2021
Sales growth - as reported	5.8	%	25.3	%	10.6	%	4.8	%
Adjustments:
Currency	(4.2)	%	3.5	%	(1.7)	%	1.9	%
Acquisitions	—	%	—	%	—	%	2.9	%
Organic sales growth	10.0	%	21.8	%	12.3	%	—	%

PARKER HANNIFIN CORPORATION - JUNE 30, 2022							Exhibit 99.1
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands)	2022		2021		2022		2021
Net income attributable to common shareholders	$	128,831	$	504,793	$	1,315,605	$	1,746,100
Adjustments:
Acquired intangible asset amortization expense	77,073		81,254		314,450		325,447
Business realignment charges	4,946		7,792		14,757		47,862
Integration costs to achieve	1,824		1,747		4,766		11,941
Acquisition-related expenses	11,662		3,549		95,727		3,549
Loss on deal-contingent forward contracts	619,061		—		1,015,426		—
Gain on sale of land	—		—		—		(100,893)
Russia liquidation	—		—		20,057		—
Tax effect of adjustments1	(171,921)		(22,453)		(340,258)		(65,958)
Adjusted net income attributable to common shareholders	$	671,476	$	576,682	$	2,440,530	$	1,968,048

RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Amounts in dollars)	2022		2021		2022		2021
Earnings per diluted share	$	0.99	$	3.84	$	10.09	$	13.35
Adjustments:
Acquired intangible asset amortization expense	0.59		0.62		2.41		2.49
Business realignment charges	0.04		0.06		0.11		0.36
Integration costs to achieve	0.01		0.01		0.04		0.08
Acquisition-related expenses	0.09		0.03		0.74		0.03
Loss on deal-contingent forward contracts	4.76		—		7.79		—
Gain on sale of land	—		—		—		(0.77)
Russia liquidation	—		—		0.15		—
Tax effect of adjustments1	(1.32)		(0.18)		(2.61)		(0.50)
Adjusted earnings per diluted share	$	5.16	$	4.38	$	18.72	$	15.04
1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

PARKER HANNIFIN CORPORATION - JUNE 30, 2022							Exhibit 99.1
BUSINESS SEGMENT INFORMATION
(Unaudited)	Three Months Ended June 30,				Twelve Months Ended June 30,
(Dollars in thousands)	2022		2021		2022		2021
Net sales
Diversified Industrial:
North America	$	2,087,696	$	1,823,078	$	7,703,150	$	6,676,449
International	1,423,924		1,505,835		5,638,896		5,283,710
Aerospace Systems	676,212		629,956		2,519,562		2,387,481
Total net sales	$	4,187,832	$	3,958,869	$	15,861,608	$	14,347,640
Segment operating income
Diversified Industrial:
North America	$	430,142	$	360,378	$	1,515,259	$	1,247,419
International	296,838		306,513		1,178,044		988,054
Aerospace Systems	149,368		123,097		501,431		402,895
Total segment operating income	876,348		789,988		3,194,734		2,638,368
Corporate general and administrative expenses	70,635		54,883		219,699		178,427
Income before interest expense and other expense	805,713		735,105		2,975,035		2,459,941
Interest expense	71,270		60,258		255,252		250,036
Other expense (income)	616,275		18,296		1,105,557		(37,052)
Income before income taxes	$	118,168	$	656,551	$	1,614,226	$	2,246,957

RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2022			2021			2022			2021
Diversified Industrial North America sales	$	2,087,696		$	1,823,078		$	7,703,150		$	6,676,449
Diversified Industrial North America operating income	$	430,142		$	360,378		$	1,515,259		$	1,247,419
Adjustments:
Acquired intangible asset amortization	46,630			47,497			188,325			190,874
Business realignment charges	670			2,130			2,638			7,236
Integration costs to achieve	214			889			1,171			6,778
Adjusted Diversified Industrial North America operating income	$	477,656		$	410,894		$	1,707,393		$	1,452,307
Diversified Industrial North America operating margin	20.6		%	19.8		%	19.7		%	18.7		%
Adjusted Diversified Industrial North America operating margin	22.9		%	22.5		%	22.2		%	21.8		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2022										Exhibit 99.1
RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2022			2021			2022			2021
Diversified Industrial International sales	$	1,423,924		$	1,505,835		$	5,638,896		$	5,283,710
Diversified Industrial International operating income	$	296,838		$	306,513		$	1,178,044		$	988,054
Adjustments:
Acquired intangible asset amortization	17,701			20,988			75,105			83,494
Business realignment charges	4,282			5,180			11,149			31,321
Integration costs to achieve	433			838			2,418			4,444
Russia liquidation	—			—			6,257			—
Adjusted Diversified Industrial International operating income	$	319,254		$	333,519		$	1,272,973		$	1,107,313
Diversified Industrial International operating margin	20.8		%	20.4		%	20.9		%	18.7		%
Adjusted Diversified Industrial International operating margin	22.4		%	22.1		%	22.6		%	21.0		%
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2022			2021			2022			2021
Aerospace Systems sales	$	676,212		$	629,956		$	2,519,562		$	2,387,481
Aerospace Systems operating income	$	149,368		$	123,097		$	501,431		$	402,895
Adjustments:
Acquired intangible asset amortization	12,742			12,769			51,020			51,079
Business realignment charges	54			37			967			6,680
Integration costs to achieve	1,177			20			1,177			719
Russia liquidation	—			—			6,570			—
Adjusted Aerospace Systems operating income	$	163,341		$	135,923		$	561,165		$	461,373
Aerospace Systems operating margin	22.1		%	19.5		%	19.9		%	16.9		%
Adjusted Aerospace Systems operating margin	24.2		%	21.6		%	22.3		%	19.3		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2022										Exhibit 99.1
RECONCILIATION OF SEGMENT OPERATING MARGINS TO ADJUSTED SEGMENT OPERATING MARGINS
(Unaudited)	Three Months Ended June 30,						Twelve Months Ended June 30,
(Dollars in thousands)	2022			2021			2022			2021
Total segment sales	$	4,187,832		$	3,958,869		$	15,861,608		$	14,347,640
Total segment operating income	$	876,348		$	789,988		$	3,194,734		$	2,638,368
Adjustments:
Acquired intangible asset amortization	77,073			81,254			314,450			325,447
Business realignment charges	5,006			7,347			14,754			45,237
Integration costs to achieve	1,824			1,747			4,766			11,941
Russia liquidation	—			—			12,827			—
Adjusted total segment operating income	$	960,251		$	880,336		$	3,541,531		$	3,020,993
Total segment operating margin	20.9		%	20.0		%	20.1		%	18.4		%
Adjusted total segment operating margin	22.9		%	22.2		%	22.3		%	21.1		%

PARKER HANNIFIN CORPORATION - JUNE 30, 2022			Exhibit 99.1
CONSOLIDATED BALANCE SHEET
(Unaudited)	June 30,		June 30,
(Dollars in thousands)	2022		2021
Assets
Current assets:
Cash and cash equivalents	$	535,799	$	733,117
Marketable securities and other investments	27,862		39,116
Trade accounts receivable, net	2,341,504		2,183,594
Non-trade and notes receivable	543,757		326,315
Inventories	2,214,553		2,090,642
Prepaid expenses and other	6,383,169		243,966
Total current assets	12,046,644		5,616,750
Property, plant and equipment, net	2,122,758		2,266,476
Deferred income taxes	110,585		104,251
Investments and other assets	788,057		774,239
Intangible assets, net	3,135,817		3,519,797
Goodwill	7,740,082		8,059,687
Total assets	$	25,943,943	$	20,341,200
Liabilities and equity
Current liabilities:
Notes payable and long-term debt payable within one year	$	1,724,310	$	2,824
Accounts payable, trade	1,731,925		1,667,878
Accrued payrolls and other compensation	470,132		507,027
Accrued domestic and foreign taxes	250,292		236,384
Other accrued liabilities	1,682,659		682,390
Total current liabilities	5,859,318		3,096,503
Long-term debt	9,755,825		6,582,053
Pensions and other postretirement benefits	639,939		1,055,638
Deferred income taxes	307,044		553,981
Other liabilities	521,897		639,355
Shareholders' equity	8,848,011		8,398,307
Noncontrolling interests	11,909		15,363
Total liabilities and equity	$	25,943,943	$	20,341,200

PARKER HANNIFIN CORPORATION - JUNE 30, 2022			Exhibit 99.1
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)	Twelve Months Ended June 30,
(Dollars in thousands)	2022		2021
Cash flows from operating activities:
Net income	$	1,316,186	$	1,746,861
Depreciation and amortization	571,764		595,390
Share incentive plan compensation	137,093		121,483
Gain on sale of business	(1,394)		—
Gain on disposal of property, plant and equipment	(5,727)		(109,332)
Loss (gain) on marketable securities	5,131		(11,570)
Gain on investments	(3,972)		(12,616)
Net change in receivables, inventories and trade payables	(259,876)		142,673
Net change in other assets and liabilities	1,003,270		150,136
Other, net	(320,745)		(48,024)
Net cash provided by operating activities	2,441,730		2,575,001
Cash flows from investing activities:
Capital expenditures	(230,044)		(209,957)
Proceeds from sale of property, plant and equipment	39,353		140,590
Proceeds from sale of businesses	3,366		—
Purchases of marketable securities and other investments	(27,895)		(34,809)
Maturities and sales of marketable securities and other investments	31,809		79,419
Other	(235,426)		24,744
Net cash used in investing activities	(418,837)		(13)
Cash flows from financing activities:
Net payments for common stock activity	(457,225)		(214,134)
Net proceeds from (payments for) debt	5,001,345		(1,934,031)
Financing fees paid	(58,629)		—
Dividends paid	(569,855)		(475,174)
Net cash provided by (used in) financing activities	3,915,636		(2,623,339)
Effect of exchange rate changes on cash	(23,770)		95,954
Net increase in cash, cash equivalents and restricted cash	5,914,759		47,603
Cash, cash equivalents and restricted cash at beginning of year	733,117		685,514
Cash, cash equivalents and restricted cash at end of period	$	6,647,876	$	733,117

PARKER HANNIFIN CORPORATION - JUNE 30, 2022	Exhibit 99.1
RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE
(Unaudited)
(Amounts in dollars)	Fiscal Year 2023
Forecasted earnings per diluted share	$16.13 to $16.93
Adjustments:
Business realignment charges	0.26
Acquisition-related intangible asset amortization expense	2.30
Tax effect of adjustments1	(0.59)
Adjusted forecasted earnings per diluted share	$18.10 to $18.90
1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

EX-99.2

Parker Hannifin Corporation Fiscal 2022 Fourth Quarter & Full Year Earnings Presentation August 4, 2022 Exhibit 99.2

Forward-Looking Statements and Non-GAAP Financial Measures 2 Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations. The risks and uncertainties in connection with such forward-looking statements related to the proposed acquisition of Meggitt include, but are not limited to, the occurrence of any event, change or other circumstances that could delay or prevent the closing of the proposed acquisition, including the failure to satisfy any of the conditions to the proposed acquisition; the possibility that in order for the parties to obtain regulatory approvals, conditions are imposed that prevent or otherwise adversely affect the anticipated benefits from the proposed acquisition or cause the parties to abandon the proposed acquisition; adverse effects on Parker’s common stock because of the failure to complete the proposed acquisition; Parker’s business experiencing disruptions due to acquisition-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the possibility that the expected synergies and value creation from the proposed acquisition will not be realized or will not be realized within the expected time period, due to unsuccessful implementation strategies or otherwise; and significant transaction costs related to the proposed acquisition. Among other factors which may affect future performance are: the impact of the global outbreak of COVID-19 and governmental and other actions taken in response; changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of LORD Corporation or Exotic Metals; the ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber- security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021 and other periodic filings made with the SEC. This presentation contains references to non-GAAP financial information for Parker, including organic sales for Parker and by segment, adjusted earnings per share, adjusted operating margin for Parker and by segment, adjusted net income, EBITDA, adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted Net Debt, and free cash flow. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. For Parker, adjusted EBITDA is defined as EBITDA before business realignment, Integration costs to achieve, acquisition related expenses, and other one-time items. Free cash flow is defined as cash flow from operations less capital expenditures. Although organic sales, adjusted earnings per share, adjusted operating margin for Parker and by segment, adjusted net income, EBITDA, adjusted EBITDA, EBITDA margin and free cash flow are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the company performance for the period presented. Comparable descriptions of record adjusted results in this presentation refer only to the period from the first quarter of FY2011 to the periods presented in this presentation. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. Detailed reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures have been included in the appendix to this presentation. Please visit www.PHstock.com for more information

FY22 Q4: Record Performance and Consistent Execution 3  Safety is our top priority, leveraging high-performance teams, lean and kaizen  2022 Engagement survey results are in the top 8% of industrial companies2  Sales were $4.2B, an increase of 6% vs. prior year; organic growth 10% vs. prior year  Segment operating margin was 20.9% as reported, or 22.9% adjusted1 +70 bps vs. prior year 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations; 2. Source: Korn Ferry Outstanding Performance in a Difficult Environment

The Resiliency of our Team Delivered a Record FY22 4  $15.9B sales with 12% organic growth vs. prior year  Record segment operating margin 20.1% as reported, or 22.3% adjusted1 +120 bps vs. prior year  Operating cash flow of $2.4B or 15.4% of sales  Announced FY27 targets during March 2022 Investor Day 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. A Transformed Parker with a Promising Future

What Drives Parker? Great Generators and Deployers of Cash Living Up to Our Purpose Top Quartile Performance vs. Proxy Peers 5

$6.99 $8.86 $11.57 $13.10 $12.44 $15.04 $18.72 FY16 FY17 FY18 FY19 FY20 FY21 FY22 Adjusted EPS1 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. $5.89 $7.25 $7.83 $11.57 $9.26 $13.35 $10.09As Reported EPS Performance Our People, Portfolio & Strategy Transform Performance 14.7% 16.7% 17.5% 18.3% 19.3% 21.3% 22.6% FY16 FY17 FY18 FY19 FY20 FY21 FY22 Adjusted EBITDA1 Increased 790 bps 2.6x EPS growth > $0.81B $0.98B $1.06B $1.53B $1.20B $1.75B $1.32BAs Reported Net Income 6

7 Expect Closing During FY23 Q1

Future Sales Growth Drivers FY27 Target 4-6% Organic Growth over the Cycle Our Business System Industrial Capex Investment Channel Restock Acquisitions Secular Growth Strategic Growth Drivers  Address last decade under investment  Supply chain development  Replenish inventory levels  De-risk supply chain  CLARCOR  LORD  Exotic  Meggitt1  Aerospace  Digital  Electrification  Clean Technologies Outcomes Growth & Financial Performance Machinery automation, equipment & infrastructure spend Rebuild inventory Accretive & longer cycle growth 2/3’s Portfolio enable Clean Technologies 1: Offer to acquire Meggitt PLC announced August 2, 2021. Expect closing during FY23 Q1.8

10 Financial Summary FY22 Q4 vs. FY21 Q4 1. Sales figures As Reported. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY21 Q4 As Reported: Segment Operating Margin of 20.0%, EBITDA Margin of 21.8%, Net Income of $505M, EPS of $3.84. $ in Millions, except per share amounts Q4 FY22 Q4 FY22 Q4 FY21 YoY Change As Reported Adjusted¹ Adjusted¹ Adjusted Sales $4,188 $4,188 $3,959 +5.8% Segment Operating Margin 20.9% 22.9% 22.2% +70 bps EBITDA Margin 7.9% 23.1% 22.1% +100 bps Net Income $129 $671 $577 +16% EPS $0.99 $5.16 $4.38 +18%

11 Adjusted Earnings per Share Bridge FY21 Q4 to FY22 Q4 1. FY21 Q4 As Reported EPS of $3.84. FY22 Q4 As Reported EPS of $0.99. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations.

12 FY22 Q4 Segment Performance Sales As Reported $ Organic %¹ Segment Operating Margin As Reported Segment Operating Margin Adjusted1 Order Rates2 Commentary $2,088M +14.7% Organic 20.6% 22.9% +40 bps YoY +10% • Broad based double digit organic growth • Continued strong order growth $1,424M +5.2% Organic 20.8% 22.4% +30 bps YoY (4)% • ~$50M sales reduction from COVID related shutdowns vs. forecast of $100M • 12% EMEA organic sales growth $676M +7.8% Organic 22.1% 24.2% +260 bps YoY 0% • Strong commercial aftermarket growth • Order rate +24% excluding sizable multi- year military orders in prior period $4,188M +10.0% Organic 20.9% 22.9% +70 bps YoY +3% • Record sales & segment operating margin • Excellent agility on supply chain & inflation • 35% incremental margin1 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Order Rates exclude acquisitions, divestitures, & currency. Industrial is a 3 month YoY comparison of total dollars. Aerospace is a rolling 12 month YoY comparison. Diversified Industrial International Diversified Industrial North America Parker Aerospace Systems

13 FY22 Q4 YTD Cash Flow Performance  Cash Flow from Operations of 15.4%  Free Cash Flow of 13.9% • Working capital a use of cash of 1.6% of sales2  Free Cash Flow Conversion of 168% 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Defined as net change in accounts receivable, inventory, and accounts payable trade per the statement of cash flows $ Millions % to Sales 15.4% 13.9% 17.9% 16.5% Leverage at FY22 Q4 As Reported Adjusted for Restricted Cash1 Net Debt / EBITDA 4.5x 2.0x

14 FY23 Initial Guidance Excluding Meggitt EPS Midpoint: $16.53 As Reported, $18.50 Adjusted Sales Growth vs. Prior Year Reported Organic Diversified Industrial North America 3% - 6% 3% - 6% Diversified Industrial International (6)% - (3)% 0% - 3% Aerospace Systems 5% - 8% 5% - 8% Parker 0% - 3% 2% - 5% Segment Operating Margins As Reported Adjusted1 Diversified Industrial North America 20.1% - 20.5% 22.4% - 22.8% Diversified Industrial International 20.4% - 20.8% 22.2% - 22.6% Aerospace Systems 20.1% - 20.5% 22.2% - 22.6% Parker 20.2% - 20.6% 22.3% - 22.7% Additional Items As Reported & Adjusted Corporate G&A $204M Legacy Interest Expense $228M Meggitt Interest Expense Q1 $42M Other Expense $14M Reported Tax Rate ~23% Diluted Shares Outstanding 130.4M Earnings Per Share As Reported Adjusted1 Range $16.13 - $16.93 $18.10 - $18.90 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Detail of Pre-Tax Adjustments to: Segment Margins Below Segment Acquired Intangible Asset Amortization ~$300M — Business Realignment Charges ~$35M —

15 FY23 Adjusted EPS Guidance Bridge FY22 to FY23 1. FY22 As Reported EPS of $10.09. FY23 As Reported midpoint guidance EPS of $16.53. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. FY23

Key Messages  Record FY22 in a challenging environment  Accelerated performance from The Win Strategy™ 3.0  Positioned to perform well in FY23  Strategic portfolio transformation: Longer cycle & more resilient  Expect Meggitt closing during FY23 Q1  Positioned for growth from secular trends 16 A Transformed Parker with a Promising Future

Upcoming Event Calendar Meggitt Investor Webcast Post Closing Annual Meeting of Shareholders October 26, 2022 1Q FY23 Earnings November 3, 2022 2Q FY23 Earnings February 2, 2023 3Q FY23 Earnings May 4, 2023 4Q FY23 Earnings August 3, 2023

Appendix • Reconciliation of Organic Growth • Adjusted Amounts Reconciliation • Reconciliation of EPS • Reconciliation of Total Segment Operating Margin to Adjusted Total Segment Operating Margin • Reconciliation of EBITDA to Adjusted EBITDA • Reconciliation of Free Cash Flow Conversion • Reconciliation of Adjusted Net Debt to EBITDA • Supplemental Sales Information – Global Technology Platforms • Reconciliation of Forecasted EPS 18

Reconciliation of Organic Growth 19 (Dollars in thousands) (Unaudited) Quarter-to-Date As Reported Currency Organic As Reported Net Sales June 30, 2022 June 30, 2022 June 30, 2021 Diversified Industrial: North America $ 2,087,696 $ 3,591 $ 2,091,287 $ 1,823,078 International 1,423,924 159,871 1,583,795 1,505,835 Total Diversified Industrial 3,511,620 163,462 3,675,082 3,328,913 Aerospace Systems 676,212 2,597 678,809 629,956 Total Parker Hannifin $ 4,187,832 $ 166,059 $ 4,353,891 $ 3,958,869 As reported Currency Organic Diversified Industrial: North America 14.5 % (0.2)% 14.7 % International (5.4)% (10.6)% 5.2 % Total Diversified Industrial 5.5 % (4.9)% 10.4 % Aerospace Systems 7.3 % (0.5)% 7.8 % Total Parker Hannifin 5.8 % (4.2)% 10.0 %

Reconciliation of Organic Growth 20 (Dollars in thousands) (Unaudited) Year-to-Date As Reported Currency Organic As Reported Net Sales June 30, 2022 June 30, 2022 June 30, 2021 Diversified Industrial: North America $ 7,703,150 $ (6,674) $ 7,696,476 $ 6,676,449 International 5,638,896 256,049 5,894,945 5,283,710 Total Diversified Industrial 13,342,046 249,375 13,591,421 11,960,159 Aerospace Systems 2,519,562 5,213 2,524,775 2,387,481 Total Parker Hannifin $ 15,861,608 $ 254,588 $ 16,116,196 $ 14,347,640 As reported Currency Organic Diversified Industrial: North America 15.4 % 0.1 % 15.3 % International 6.7 % (4.9)% 11.6 % Total Diversified Industrial 11.6 % (2.0)% 13.6 % Aerospace Systems 5.5 % (0.3)% 5.8 % Total Parker Hannifin 10.6 % (1.7)% 12.3 %

Adjusted Amounts Reconciliation Consolidated Statement of Income 21 (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2022 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Integration Costs to Achieve Acquisition Related Expenses Loss on Deal- Contingent Forward Contracts % of Sales As Reported Adjusted June 30, 2022 June 30, 2022 Net Sales $ 4,187,832 100.0 % $ — $ — $ — $ — $ — $ 4,187,832 100.0 % Cost of Sales 2,980,654 71.2 % — 3,353 207 — — 2,977,094 71.1 % Selling, general, and admin. expenses 426,210 10.2 % 77,073 1,653 1,617 10,655 — 335,212 8.0 % Interest expense 71,270 1.7 % — — — — — 71,270 1.7 % Other expense (income), net 591,530 14.1 % — (60) — 1,007 619,061 (28,478) (0.7)% Income before income taxes 118,168 2.8 % (77,073) (4,946) (1,824) (11,662) (619,061) 832,734 19.9 % Income taxes (10,738) (0.3)% 17,341 1,113 411 2,624 150,432 161,183 3.8 % Net Income 128,906 3.1 % (59,732) (3,833) (1,413) (9,038) (468,629) 671,551 16.0 % Less: Noncontrollable interests 75 0.0 % — — — — — 75 0.0 % Net Income - common shareholders $ 128,831 3.1 % $ (59,732) $ (3,833) $ (1,413) $ (9,038) $ (468,629) $ 671,476 16.0 % Diluted earnings per share $ 0.99 $ (0.46) $ (0.03) $ (0.01) $ (0.07) $ (3.60) $ 5.16

Adjusted Amounts Reconciliation Consolidated Statement of Income 22 (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2021 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Lord Costs to Achieve Exotic Costs to Achieve Acquisition Related Expenses As Reported Adjusted June 30, 2021 June 30, 2021 % of Sales Net sales $ 3,958,869 100.0 % $ — $ — $ — $ — $ — $ 3,958,869 100.0 % Cost of sales 2,832,281 71.5 % — 4,357 425 — — 2,827,499 71.4 % Selling, general and admin. expenses 414,048 10.5 % 81,254 3,435 1,302 20 3,549 324,488 8.2 % Interest expense 60,258 1.5 % — — — — — 60,258 1.5 % Other (income) expense, net (4,269) (0.1)% — — — — — (4,269) (0.1)% Income before income taxes 656,551 16.6 % (81,254) (7,792) (1,727) (20) (3,549) 750,893 19.0 % Income taxes 151,582 3.8 % 19,338 1,854 411 5 845 174,035 4.4 % Net income 504,969 12.8 % (61,916) (5,938) (1,316) (15) (2,704) 576,858 14.6 % Less: Noncontrolling interests 176 0.0 % — — — — — 176 0.0 % Net income - common shareholders $ 504,793 12.8 % $ (61,916) $ (5,938) $ (1,316) $ (15) $ (2,704) $ 576,682 14.6 % Diluted earnings per share $ 3.84 $ (0.47) $ (0.04) $ (0.01) $ — $ (0.02) $ 4.38

Adjusted Amounts Reconciliation Business Segment Information 23 (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2022 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Integration Costs to Achieve Acquisition Related Expenses Loss on Deal- Contingent Forward Contracts % of Sales2 As Reported Adjusted June 30, 2022 June 30, 2022 Diversified Industrial North America1 $ 430,142 20.6 % $ 46,630 $ 670 $ 214 $ — $ — $ 477,656 22.9 % International1 296,838 20.8 % 17,701 4,282 433 — — 319,254 22.4 % Aerospace Systems1 149,368 22.1 % 12,742 54 1,177 — — 163,341 24.2 % Total segment operating income 876,348 20.9 % (77,073) (5,006) (1,824) — — 960,251 22.9 % Corporate administration 70,635 1.7 % — — — — — 70,635 1.7 % Income before interest and other 805,713 19.2 % (77,073) (5,006) (1,824) — — 889,616 21.2 % Interest expense 71,270 1.7 % — — — — — 71,270 1.7 % Other (income) expense 616,275 14.7 % — (60) — 11,662 619,061 (14,388) (0.3)% Income before income taxes $ 118,168 2.8 % $ (77,073) $ (4,946) $ (1,824) $ (11,662) $ (619,061) $ 832,734 19.9 % 1Segment operating income as a percent of sales is calculated on as reported segment sales. 2Adjusted amounts as a percent of sales are calculated on as reported segment sales.

Adjusted Amounts Reconciliation Business Segment Information 24 (Dollars in thousands) (Unaudited) Year-to-Date FY 2022 Acquired Acquisition Loss on As Reported Intangible Asset Related Deal-Contingent Russia Adjusted June 30, 2022 % of Sales Amortization Expenses Forward Contracts Liquidation June 30, 2022 % of Sales2 Diversified Industrial: North America1 1,515,259$ 19.7% 188,325$ 2,638$ 1,171$ -$ -$ -$ 1,707,393$ 22.2% International1 1,178,044 20.9% 75,105 11,149 2,418 - - 6,257 1,272,973 22.6% Aerospace Systems1 501,431 19.9% 51,020 967 1,177 - - 6,570 561,165 22.3% Total segment operating income 3,194,734 20.1% (314,450) (14,754) (4,766) - - (12,827) 3,541,531 22.3% Corporate administration 219,699 1.4% - - - - - - 219,699 1.4% Income before interest and other 2,975,035 18.8% (314,450) (14,754) (4,766) - - (12,827) 3,321,832 20.9% Interest expense 255,252 1.6% - - - - - - 255,252 1.6% Other (income) expense 1,105,557 7.0% - 3 - 95,727 1,015,426 7,230 (12,829) -0.1% Income before income taxes 1,614,226$ 10.2% (314,450)$ (14,757)$ (4,766)$ (95,727)$ (1,015,426)$ (20,057)$ 3,079,409$ 19.4% 1Segment operating income as a percent of sales is calculated on segment sales. 2Adjusted amounts as a percent of sales are calculated on as reported sales. Business Realignment Charges Integration Costs to Achieve

Reconciliation of Earnings per Diluted Share to Adjusted Earnings per Diluted Share 25 (Unaudited) Three Months Ended June 30, (Amounts in dollars) 2022 2021 Earnings per diluted share $ 0.99 $ 3.84 Adjustments: Acquired intangible asset amortization expense 0.59 0.62 Business realignment charges 0.04 0.06 Integration costs to achieve 0.01 0.01 Acquisition-related expenses 0.09 0.03 Loss on deal-contingent forward contracts 4.76 — Tax effect of adjustments1 (1.32) (0.18) Adjusted earnings per diluted share $ 5.16 $ 4.38

Reconciliation of Earnings per Diluted Share to Adjusted Earnings per Diluted Share 26 1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. *FY19 and FY20 have been adjusted to reflect the change in inventory accounting method

27 Reconciliation of Total Segment Operating Margin to Adjusted Total Segment Operating Margin (Unaudited) Three Months Ended Three Months Ended (Dollars in thousands) June 30, 2022 June 30, 2021 Operating income Operating margin Operating income Operating margin Total segment operating income $ 876,348 20.9 % $ 789,988 20.0 % Adjustments: Acquired intangible asset amortization 77,073 81,254 Business realignment charges 5,006 7,347 Integration costs to achieve 1,824 1,747 Adjusted total segment operating income $ 960,251 22.9 % $ 880,336 22.2 %

28 Reconciliation of EBITDA to Adjusted EBITDA (Unaudited) Three Months Ended June 30, Twelve Months Ended June 30, (Dollars in thousands) 2022 2021 2022 Net sales $ 4,187,832 $ 3,958,869 $ 15,861,608 Net income $ 128,906 $ 504,969 $ 1,316,186 Income taxes (10,738) 151,582 298,040 Depreciation 62,369 65,328 257,314 Amortization 77,073 81,254 314,450 Interest expense 71,270 60,258 255,252 EBITDA 328,880 863,391 2,441,242 Adjustments: Business realignment charges 4,946 7,792 14,757 Integration costs to achieve 1,824 1,747 4,766 Acquisition-related expenses 11,662 3,549 95,727 Loss on deal-contingent forward contracts 619,061 — 1,015,426 Russia liquidation — — 20,057 Adjusted EBITDA $ 966,373 $ 876,479 $ 3,591,975 EBITDA margin 7.9 % 21.8 % 15.4 % Adjusted EBITDA margin 23.1 % 22.1 % 22.6 %

29 1Amounts have been adjusted to reflect the change in inventory accounting method. *Totals may not foot due to rounding Reconciliation of EBITDA to Adjusted EBITDA

Reconciliation of Free Cash Flow Conversion 30 (Unaudited) Twelve Months Ended June 30, 2022 Twelve Months Ended June 30, 2021(Dollars in thousands) Net income $ 1,316,186 $ 1,746,861 Cash flow from operations $ 2,441,730 $ 2,575,001 Capital Expenditures (230,044) (209,957) Free cash flow $ 2,211,686 $ 2,365,044 Free cash flow conversion (free cash flow / net income) 168 % 135 %

Reconciliation of Adjusted Net Debt to EBITDA 31

Supplemental Sales Information Global Technology Platforms 32 (Unaudited) Three Months Ended June 30, Twelve Months Ended June 30, (Dollars in thousands) 2022 2021 2022 2021 Net sales Diversified Industrial: Motion Systems $ 921,265 $ 883,395 $ 3,489,431 $ 3,081,366 Flow and Process Control 1,229,853 1,152,437 4,616,270 4,108,080 Filtration and Engineered Materials 1,360,502 1,293,081 5,236,345 4,770,713 Aerospace Systems 676,212 629,956 2,519,562 2,387,481 Total $ 4,187,832 $ 3,958,869 $ 15,861,608 $ 14,347,640

Reconciliation of EPS Fiscal Year 2023 Guidance 33 (Unaudited) (Amounts in dollars) Fiscal Year 2023 Forecasted earnings per diluted share $16.13 to $16.93 Adjustments: Business realignment charges 0.26 Acquisition-related intangible asset amortization expense 2.30 Tax effect of adjustments1 (0.59) Adjusted forecasted earnings per diluted share $18.10 to $18.90 1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

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Cover	Aug. 04, 2022
Cover [Abstract]
Document Type	8-K
Document Period End Date	Aug. 04, 2022
Entity Registrant Name	PARKER-HANNIFIN CORPORATION
Entity Incorporation, State or Country Code	OH
Entity File Number	1-4982
Entity Tax Identification Number	34-0451060
Entity Address, Address Line One	6035 Parkland Boulevard
Entity Address, City or Town	Cleveland
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	44124-4141
City Area Code	216
Local Phone Number	896-3000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Title of 12(b) Security	Common Shares, $.50 par value
Trading Symbol	PH
Security Exchange Name	NYSE
Entity Central Index Key	0000076334
Amendment Flag	false