Parker Hannifin Q4 Profit Rises; Sees FY15 EPS Below View - Quick Facts

(RTTNews) - Fluid power systems manufacturer Parker Hannifin Corp. (PH) Wednesday reported fourth-quarter net income attributable to shareholders of $301.04 million or $1.98 per share, up from $271.16 million or $1.78 per share in the prior year.

Adjusted for restructuring expenses, earnings per share were $2.06, while the firm posted $1.80 per share last year.

On average, 15 analysts polled by Thomson Reuters expected the company to earn $2.07 per share for the quarter. Analysts' estimates typically exclude special items. Net sales for the quarter increased 3 percent to $3.53 billion from $3.43 billion in the same period last year. Analysts estimated revenues of $3.57 billion for the quarter.

For fiscal 2015, the company expects earnings to be in the range of $7.00 to $7.80 per share, or $7.25 to $8.05 per share on an adjusted basis. Analysts expect the company to earn $8.12 per share for the year.