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Benzinga
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Benzinga Insights

Parker Hannifin Earnings Perspective: Return On Invested Capital

Parker Hannifin NYSE PH

According to Benzinga Pro data Parker Hannifin (NYSE:PH) posted a 14.12% decrease in earnings from Q1. Sales, however, increased by 1.65% over the previous quarter to $3.83 billion. Despite the increase in sales this quarter, the decrease in earnings may suggest Parker Hannifin is not utilizing their capital as effectively as possible. Parker Hannifin reached earnings of $451.46 million and sales of $3.76 billion in Q1.

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