Analysis of Revenues
Revenues as Reported
Parker-Hannifin Corp., income statement, revenues
US$ in thousands
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).
- Overall Revenue Trend
- The total revenues demonstrate a generally positive trend from 2020 to 2022. After a slight decline from approximately 14.3 billion in 2020 to 13.7 billion in 2021, revenues increased significantly in 2022, reaching about 15.9 billion. This indicates a recovery and growth phase following a downturn.
- Diversified Industrial Segment
- This segment accounts for the largest share of revenues and shows a fluctuating pattern with a dip in 2021 but a strong rebound in 2022 to over 13.3 billion, exceeding previous years. It highlights resilience and strong performance growth in the latest period.
- Motion Systems
- Revenues in Motion Systems declined from 3.49 billion in 2020 to 2.99 billion in 2021, followed by a moderate recovery to approximately 3.49 billion in 2022. This suggests volatility possibly related to market or operational challenges, with 2022 marking a return to 2020 levels.
- Flow and Process Control
- This area experienced a dip in 2021 from nearly 4.3 billion in 2020 to about 3.8 billion but rebounded substantially to 4.6 billion in 2022, the highest figure in the available data. This signifies a strong recovery and growth in demand or operational efficiency.
- Filtration and Engineered Materials
- Revenues increased steadily year-over-year, from around 4.0 billion in 2020 to over 5.2 billion in 2022, indicating consistent expansion and possibly favorable market conditions or product demand in this segment.
- Aerospace Systems Segment
- The aerospace segment shows fluctuations with an initial rise from 2.5 billion in 2020 to 2.7 billion in 2021, followed by a decrease to 2.4 billion in 2021, and recovery again to approximately 2.5 billion in 2022. This volatility could reflect sector-specific challenges such as delays or reduced demand.
- Sub-segments within Aerospace Systems
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- Flight Control Actuation
- This sub-segment's revenues declined slightly from 750 million in 2020 to about 699 million in 2021, then increased to 761 million in 2022, showing moderate fluctuation with recovery to original levels.
- Fuel and Inerting
- Revenues decreased from 635 million in 2020 to 510 million in 2021, with a partial recovery to 535 million in 2022, indicating weakness and a slower rebound.
- Hydraulics
- This sub-segment shows a steady decline over the periods, from about 462 million in 2020 to approximately 306 million by 2022, suggesting ongoing challenges or shrinking market share.
- Engines
- Engines revenue rose significantly from 285 million in 2020 to 617 million in 2021, followed by a slight decrease and stabilization around 590 million in 2022, indicating a strong growth phase mid-period.
- Fluid Conveyance
- Revenues decreased from roughly 300 million in 2020 to under 220 million in 2022, illustrating a downward trend in this component.
- Other
- This category experienced a steady increase from approximately 80 million in 2020 to over 105 million in 2022, indicating incremental growth.
- Insights
- The data reveals that the company faced some headwinds in various segments during 2021, potentially due to external factors affecting demand or operations. However, a broad-based recovery is evident in 2022, particularly within the Diversified Industrial and Filtration and Engineered Materials segments. The Aerospace Systems segment exhibited more volatility with mixed performance across its sub-segments, suggesting sector-specific pressures. Overall, the firm’s revenue profile indicates resilience and a return to growth following a period of decline or stagnation.