Results of operations

Summary

• Fiscal 2026 fourth quarter sales increased 9.8% to a record $5.8 billion, with organic sales up 8.0% and adjusted EPS up 21% to a record $9.27.
• Full year sales increased 8.3% to a record $21.5 billion, net income was $3.6 billion, and cash flow from operations was a record $4.4 billion, or 20.3% of sales.
• Aerospace Systems Q4 sales rose 13.4% to $1,900 million with 13.3% organic growth, and segment backlog increased to a record $8.5B while total company backlog reached a record $12.8 billion.
• During the fourth quarter the company recognized an $84 million reduction to cost of sales related to IEEPA tariff refunds after the U.S. Supreme Court ruled in February 2026 that IEEPA tariffs were unauthorized.
• Parker completed the acquisition of Curtis Instruments and announced agreements to acquire Filtration Group Corporation and CIRCOR's Commercial and Defense Aerospace Business, and increased its annual dividend 11%, marking 70 consecutive fiscal years of increases.
• The company issued fiscal 2027 guidance of reported sales growth of 5.5% to 8.5% and adjusted EPS of $34.25 to $35.25, and raised its adjusted segment operating margin target by 300 bps to 30% by fiscal 2031.

Why it mattersParker's Aerospace Systems segment set record quarterly sales and a record $8.5B backlog, with double-digit growth across all market segments. The company advanced its defense aerospace portfolio through the pending CIRCOR Commercial and Defense Aerospace acquisition.