Name: Parker-Hannifin Corp. (NYSE:PH) | Analysis of Revenues
Creator: Stock Analysis on Net

Analysis of Revenues

Revenues as Reported

Revenues as Reported

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Parker-Hannifin Corp., income statement, revenues

US$ in thousands

12 months ended:	Jun 30, 2022	Jun 30, 2021	Jun 30, 2020	Jun 30, 2019	Jun 30, 2018	Jun 30, 2017
Motion Systems	3,489,431)	3,081,366)	2,996,645)	3,485,068)	—)	—)
Flow and Process Control	4,616,270)	4,108,080)	3,795,952)	4,293,393)	—)	—)
Filtration and Engineered Materials	5,236,345)	4,770,713)	4,168,288)	4,031,086)	—)	—)
Diversified Industrial Segment	13,342,046)	11,960,159)	10,960,885)	11,809,547)	—)	—)
Flight Control Actuation	761,215)	698,877)	711,017)	750,311)	—)	—)
Fuel and Inerting	535,292)	509,687)	592,543)	634,658)	—)	—)
Hydraulics	306,279)	308,835)	411,823)	461,554)	—)	—)
Engines	591,513)	575,804)	616,747)	285,292)	—)	—)
Fluid Conveyance	219,543)	196,348)	304,769)	299,035)	—)	—)
Other	105,720)	97,930)	97,736)	79,927)	—)	—)
Aerospace Systems Segment	2,519,562)	2,387,481)	2,734,635)	2,510,777)	—)	—)
Revenues	15,861,608)	14,347,640)	13,695,520)	14,320,324)	—)	—)

Based on: 10-K (reporting date: 2022-06-30), 10-K (reporting date: 2021-06-30), 10-K (reporting date: 2020-06-30), 10-K (reporting date: 2019-06-30), 10-K (reporting date: 2018-06-30), 10-K (reporting date: 2017-06-30).

Total revenues exhibited a V-shaped recovery pattern between 2019 and 2022. After a contraction from $14.32 billion in 2019 to $13.70 billion in 2020, revenues rebounded to $14.35 billion in 2021 and reached a peak of $15.86 billion by June 30, 2022. This represents an overall increase of approximately 10.7% from the 2019 baseline.

Diversified Industrial Segment Performance: This segment serves as the primary revenue driver, contributing $13.34 billion in 2022. While the segment experienced a dip in 2020, it demonstrated strong recovery and growth in the subsequent two years.; Filtration and Engineered Materials showed the most consistent growth trajectory, increasing every year from $4.03 billion in 2019 to $5.24 billion in 2022.; Flow and Process Control experienced a significant rebound, rising from a low of $3.80 billion in 2020 to a period high of $4.62 billion in 2022.; Motion Systems followed a cyclical pattern, declining to $3.00 billion in 2020 before returning to its 2019 level of approximately $3.49 billion by 2022.
Aerospace Systems Segment Performance: The Aerospace Systems Segment displayed higher volatility and internal divergence compared to the Industrial segment. Total segment revenue ended the period at $2.52 billion, nearly identical to its 2019 level of $2.51 billion.; A notable divergence is observed within the sub-components: the Engines category saw a substantial increase, rising from $285 million in 2019 to $592 million in 2022.; Conversely, the Hydraulics and Fluid Conveyance categories experienced sustained declines. Hydraulics revenues fell from $462 million in 2019 to $306 million in 2022, while Fluid Conveyance decreased from $299 million to $220 million over the same period.; Fuel and Inerting also showed a gradual downward trend, declining from $635 million in 2019 to $535 million in 2022.
Overall Revenue Distribution: The revenue mix shifted increasingly toward the Diversified Industrial Segment, which grew from 83.2% of total revenues in 2019 to 84.1% in 2022.; The Aerospace Systems Segment's contribution to total revenue decreased from 17.6% in 2019 to 15.9% in 2022, reflecting the slower recovery and specific declines in its hydraulics and conveyance lines.

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