Annual report

Summary

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• Net sales for fiscal year ended June 30, 2026 were $21,499 million, up $1,649 million or 8.3% from $19,850 million, with Diversified Industrial at 67% and Aerospace Systems at 33% of the total.
• Aerospace Systems Segment net sales rose 14.2% to $7,061 million and segment operating margin increased 270 basis points to 26.0%, driven by higher volume in commercial OEM and aftermarket.
• Net income attributable to common shareholders was $3,648 million, with diluted earnings per share of $28.48.
• Total backlog was $12.8 billion at June 30, 2026 versus $11.0 billion a year earlier, with Aerospace Systems backlog at $8,498 million.
• The Company completed the Curtis acquisition for approximately $1.0 billion on September 18, 2025 and the Filtration Group Corporation acquisition for $9.25 billion on August 13, 2026, and it entered a definitive agreement to acquire CIRCOR Aerospace for approximately $2.55 billion in cash.
• During the fourth quarter of fiscal 2026, the Company recognized an $84 million reduction to cost of sales from IEEPA tariff refunds after a February 2026 U.S. Supreme Court ruling.

Why it mattersAerospace Systems, which supplies flight control, fuel, hydraulic and thermal systems for commercial and defense aircraft, grew faster than the industrial segment and carries $8.5 billion in backlog. The pending CIRCOR Aerospace acquisition would expand Parker's aerospace component portfolio.