ph-20220505


For Release:	Immediately	Exhibit 99.1

Contact:	Media -
	Aidan Gormley - Director, Global Communications and Branding	216-896-3258
	[email protected]

	Financial Analysts -
	Robin J. Davenport, Vice President, Corporate Finance	216-896-2265
	[email protected]

Stock Symbol:	PH - NYSE

Parker Reports Fiscal 2022 Third Quarter Results

- Sales increased 9% to $4.09 billion, organic sales increased 11%

- Segment operating margin was 20.3% as reported, or 22.7% adjusted

- Adjusted segment operating margin increased 130 bps vs. prior year

- Net income was $348.0 million, or $630.2 million adjusted

- EPS were $2.67 as reported, or $4.83 adjusted

- Company recently announced a 29% increase to the quarterly cash dividend

- Fiscal 2022 adjusted EPS guidance increased

CLEVELAND, May 5, 2022 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2022 third quarter ended March 31, 2022. Fiscal 2022 third quarter sales were an all-time record at $4.09 billion, an increase of 9%, compared with $3.75 billion in the third quarter of fiscal 2021. Net income was $348.0 million, compared with $473.2 million in the prior year quarter. Fiscal 2022 third quarter adjusted net income was $630.2 million, compared with $541.9 million in the third quarter of fiscal 2021. Adjustments include a non-cash, pre-tax loss of $247 million in the fiscal 2022 third quarter on the deal contingent forward contracts related to the previously announced acquisition of Meggitt plc. Earnings per share were $2.67, compared with $3.60 in the third quarter of fiscal 2021. Adjusted earnings per share increased 17% to a record of $4.83, compared with adjusted earnings per share of $4.12 in the prior year quarter. Fiscal year-to-date cash flow from operations was $1.55 billion, or 13.3% of sales, compared with $1.88 billion, or 18.1% of sales, in the prior year period. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

"We delivered another quarter of outstanding performance, demonstrating our teams’ continued execution at impressive levels despite the persistence of supply chain and global economic challenges," said Chairman and Chief Executive Officer, Tom Williams. "We reported quarterly sales that eclipsed $4 billion for the first time. Healthy demand combined with ongoing execution of The Win Strategy™ contributed to strong adjusted total segment operating margin at 22.7%, a 130-basis point

improvement compared with the prior year period. We also reported record adjusted EBITDA, adjusted net income and adjusted earnings per share in the quarter. These outstanding results reflect the extraordinary efforts of our team members."

Regarding the war in Ukraine, the events there continue to devastate the lives of many people. Actions were taken in response to the war during the third quarter as Parker immediately suspended all shipments to and from Russia, and subsequently closed its office and warehouse facility in Moscow, Russia. This resulted in a pre-tax charge of approximately $20 million during the quarter. Going forward, this represents an immaterial impact to sales.

Segment Results

Diversified Industrial Segment: North American third quarter sales increased 15% to $2.01 billion and operating income was $414.0 million compared with $336.6 million in the same period a year ago. International third quarter sales increased 4% to $1.44 billion and operating income was $298.5 million compared with $274.4 million in the same period a year ago.

Aerospace Systems Segment: Third quarter sales increased 6% to $632.3 million and operating income was $119.0 million compared with $102.3 million in the same period a year ago.

Parker reported the following orders for the quarter ending March 31, 2022, compared with the same quarter a year ago:

· Orders increased 14% for total Parker

· Orders increased 23% in the Diversified Industrial North America businesses

· Orders increased 9% in the Diversified Industrial International businesses

· Orders decreased 4%* in the Aerospace Systems Segment on a rolling 12-month average basis.

*Aerospace orders increased approximately 20% excluding sizable multi-year military orders in the prior period.

Update on Regulatory Clearances Related to the Acquisition of Meggitt PLC

The company continues to make progress on FDI and antitrust regulatory approvals. Completion of the transaction is still expected during the third quarter of calendar year 2022. For copies of all announcements and further information, please visit the dedicated transaction microsite at www.aerospacegrowth.com.

Outlook

For the fiscal year ending June 30, 2022, the company has updated guidance for earnings per share to the range of $13.00 to $13.30, or $18.00 to $18.30 on an adjusted basis. Guidance assumes organic

sales growth of approximately 11% compared with the prior year. COVID-19 related shutdowns in China are estimated to reduce sales by $100 million and EPS by $0.24 in the fourth quarter.

Fiscal year 2022 guidance is adjusted on a year-to-date pre-tax basis for acquisition-related expenses of $84 million, a loss of $396 million on deal contingent forward contracts related to the acquisition of Meggitt plc and Russia liquidation expenses of $20 million. Adjustments also include expected business realignment expenses of approximately $20 million, LORD costs to achieve of approximately $5 million and acquisition-related intangible asset amortization of approximately $315 million. A reconciliation of forecasted earnings per share to adjusted forecasted earnings per share is included in the financial tables of this press release.

Williams added, “Despite supply chain, labor and inflationary pressures, we expect to finish the year with a record level of financial performance, giving us a solid foundation to achieve new five-year targets for fiscal year 2027, announced at our Investor meeting in March 2022. We are pleased with the continued progress being made towards meeting all the conditions required to complete the Meggitt acquisition. Through continued execution of our strategy, the ongoing transformation of our portfolio and our strong alignment with the positive secular trends of aerospace, digital, electrification and clean technologies, we see a promising future for Parker."

NOTICE OF CONFERENCE CALL: Parker Hannifin's conference call and slide presentation to discuss its fiscal 2022 third quarter results are available to all interested parties via live webcast today at 11:00 a.m. ET, at www.phstock.com. A replay of the webcast will be available on the site approximately one hour after the completion of the call and will remain available for one year. To register for e-mail notification of future events please visit www.phstock.com.

About Parker Hannifin

Parker Hannifin is a Fortune 250 global leader in motion and control technologies. For more than a century the company has been enabling engineering breakthroughs that lead to a better tomorrow. Parker has increased its annual dividend per share paid to shareholders for 66 consecutive fiscal years, among the top five longest-running dividend-increase records in the S&P 500 index. Learn more at www.parker.com or @parkerhannifin.

Note on Orders

Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future quarterly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. All exclude acquisitions until they can be reflected in both the

numerator and denominator. Aerospace comparisons are rolling 12-month average computations. The total Parker orders number is derived from a weighted average of the year-over-year quarterly % change in orders for Diversified Industrial North America and Diversified Industrial International, and the year-over-year 12-month rolling average of orders for the Aerospace Systems Segment.

Note on Net Income

Net income referenced in this press release is equal to net income attributable to common shareholders.

Note on Non-GAAP Financial Measures

This press release contains references to non-GAAP financial information including (a) adjusted net income; (b) adjusted earnings per share; (c) adjusted total segment operating margin; (d) EBITDA margin; (e) adjusted EBITDA margin and (f) organic sales growth. The adjusted net income, earnings per share and total segment operating margin measures are presented to allow investors and the company to meaningfully evaluate changes in net income, earnings per share and total segment operating margin on a comparable basis from period to period. This press release also contains references to EBITDA, EBITDA margin and adjusted EBITDA margin. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. Although EBITDA, EBITDA margin and adjusted EBITDA margin are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the results of this quarter versus the prior period. Comparable descriptions of record adjusted results in this release refer only to the period from the first quarter of FY2011 to the periods presented in this release. This period coincides with recast historical financial results provided in association with our FY2014 change in segment reporting. A reconciliation of non-GAAP measures is included in the financial tables of this press release.

Forward-Looking Statements

Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations.

The risks and uncertainties in connection with such forward-looking statements related to the proposed acquisition of Meggitt include, but are not limited to, the occurrence of any event, change or other circumstances that could delay or prevent the closing of the proposed acquisition, including the failure to satisfy any of the conditions to the proposed acquisition; the possibility that in order for the parties to obtain regulatory approvals, conditions are imposed that prevent or otherwise adversely affect the anticipated benefits from the proposed acquisition or cause the parties to abandon the proposed acquisition; adverse effects on Parker’s common stock because of the failure to complete the proposed acquisition; Parker’s business experiencing disruptions due to acquisition-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the possibility that the expected synergies and value creation from the proposed acquisition will not be realized or will not be realized within the expected time period, due to unsuccessful implementation strategies or otherwise; and significant transaction costs related to the proposed acquisition.

Among other factors which may affect future performance are: the impact of the global outbreak of COVID-19 and governmental and other actions taken in response; changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of LORD Corporation or Exotic Metals; the ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021 and other periodic filings made with the SEC.

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PARKER HANNIFIN CORPORATION - MARCH 31, 2022							Exhibit 99.1
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
(Dollars in thousands, except per share amounts)	2022		2021*		2022		2021*
Net sales	$	4,086,387	$	3,746,326	$	11,673,776	$	10,388,771
Cost of sales	2,927,991		2,712,785		8,406,613		7,617,399
Selling, general and administrative expenses	412,431		386,831		1,200,906		1,113,254
Interest expense	63,272		60,830		183,982		189,778
Other expense (income), net	248,704		(13,460)		386,217		(122,066)
Income before income taxes	433,989		599,340		1,496,058		1,590,406
Income taxes	85,901		126,101		308,778		348,514
Net income	348,088		473,239		1,187,280		1,241,892
Less: Noncontrolling interests	71		86		506		585
Net income attributable to common shareholders	$	348,017	$	473,153	$	1,186,774	$	1,241,307

Earnings per share attributable to common shareholders:
Basic earnings per share	$	2.71	$	3.67	$	9.23	$	9.63
Diluted earnings per share	$	2.67	$	3.60	$	9.10	$	9.50

Average shares outstanding during period - Basic	128,426,675		129,085,563		128,549,040		128,935,696
Average shares outstanding during period - Diluted	130,343,581		131,377,933		130,438,593		130,626,600


CASH DIVIDENDS PER COMMON SHARE
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
(Amounts in dollars)	2022		2021		2022		2021
Cash dividends per common share	$	1.03	$	0.88	$	3.09	$	2.64


RECONCILIATION OF ORGANIC GROWTH
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
	2022		2021		2022		2021
Sales growth - as reported	9.1	%	1.2	%	12.4	%	(1.4)	%
Adjustments:
Currency	(2.0)	%	2.2	%	(0.8)	%	1.4	%
Acquisitions	—	%	—	%	—	%	3.7	%
Organic sales growth	11.1	%	(1.0)	%	13.2	%	(6.5)	%


PARKER HANNIFIN CORPORATION - MARCH 31, 2022							Exhibit 99.1
RECONCILIATION OF NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS TO ADJUSTED NET INCOME ATTRIBUTABLE TO COMMON SHAREHOLDERS
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
(Dollars in thousands)	2022		2021*		2022		2021*
Net income attributable to common shareholders	$	348,017	$	473,153	$	1,186,774	$	1,241,307
Adjustments:
Acquired intangible asset amortization expense	78,865		81,253		237,377		244,193
Business realignment charges	3,152		5,602		9,811		40,070
Integration costs to achieve	933		2,655		2,942		10,194
Acquisition-related expenses	12,724		—		84,065		—
Loss on deal-contingent forward contracts	246,983		—		396,365		—
Gain on sale of land	—		—		—		(100,893)
Russia liquidation	20,057		—		20,057		—
Tax effect of adjustments1	(80,557)		(20,767)		(168,337)		(43,505)
Adjusted net income attributable to common shareholders	$	630,174	$	541,896	$	1,769,054	$	1,391,366



RECONCILIATION OF EARNINGS PER DILUTED SHARE TO ADJUSTED EARNINGS PER DILUTED SHARE
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
(Amounts in dollars)	2022		2021*		2022		2021*
Earnings per diluted share	$	2.67	$	3.60	$	9.10	$	9.50
Adjustments:
Acquired intangible asset amortization expense	0.61		0.62		1.82		1.87
Business realignment charges	0.02		0.04		0.07		0.30
Integration costs to achieve	0.01		0.02		0.03		0.07
Acquisition-related expenses	0.10		—		0.65		—
Loss on deal-contingent forward contracts	1.89		—		3.03		—
Gain on sale of land	—		—		—		(0.77)
Russia liquidation	0.15		—		0.15		—
Tax effect of adjustments1	(0.62)		(0.16)		(1.29)		(0.32)
Adjusted earnings per diluted share	$	4.83	$	4.12	$	13.56	$	10.65

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.

1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.


PARKER HANNIFIN CORPORATION - MARCH 31, 2022										Exhibit 99.1
RECONCILIATION OF EBITDA TO ADJUSTED EBITDA
(Unaudited)	Three Months Ended March 31,						Nine Months Ended March 31,
(Dollars in thousands)	2022			2021*			2022			2021*
Net sales	$	4,086,387		$	3,746,326		$	11,673,776		$	10,388,771

Net income	$	348,088		$	473,239		$	1,187,280		$	1,241,892
Income taxes	85,901			126,101			308,778			348,514
Depreciation	63,832			69,295			194,945			204,615
Amortization	78,865			81,253			237,377			244,193
Interest expense	63,272			60,830			183,982			189,778
EBITDA	639,958			810,718			2,112,362			2,228,992
Adjustments:
Business realignment charges	3,152			5,602			9,811			40,070
Integration costs to achieve	933			2,655			2,942			10,194
Acquisition-related expenses	12,724			—			84,065			—
Loss on deal-contingent forward contracts	246,983			—			396,365			—
Gain on sale of land	—			—			—			(100,893)
Russia liquidation	20,057			—			20,057			—
Adjusted EBITDA	$	923,807		$	818,975		$	2,625,602		$	2,178,363

EBITDA margin	15.7		%	21.6		%	18.1		%	21.5		%
Adjusted EBITDA margin	22.6		%	21.9		%	22.5		%	21.0		%

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.



BUSINESS SEGMENT INFORMATION
(Unaudited)	Three Months Ended March 31,				Nine Months Ended March 31,
(Dollars in thousands)	2022		2021*		2022		2021*
Net sales
Diversified Industrial:
North America	$	2,014,715	$	1,758,383	$	5,615,454	$	4,853,371
International	1,439,357		1,388,999		4,214,972		3,777,875
Aerospace Systems	632,315		598,944		1,843,350		1,757,525
Total net sales	$	4,086,387	$	3,746,326	$	11,673,776	$	10,388,771
Segment operating income
Diversified Industrial:
North America	$	413,998	$	336,589	$	1,085,117	$	887,041
International	298,475		274,427		881,206		681,541
Aerospace Systems	119,016		102,303		352,063		279,798
Total segment operating income	831,489		713,319		2,318,386		1,848,380
Corporate general and administrative expenses	57,405		48,089		149,064		123,544
Income before interest expense and other expense	774,084		665,230		2,169,322		1,724,836
Interest expense	63,272		60,830		183,982		189,778
Other expense (income)	276,823		5,060		489,282		(55,348)
Income before income taxes	$	433,989	$	599,340	$	1,496,058	$	1,590,406

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.


PARKER HANNIFIN CORPORATION - MARCH 31, 2022							Exhibit 99.1
RECONCILIATION OF TOTAL SEGMENT OPERATING MARGIN TO ADJUSTED TOTAL SEGMENT OPERATING MARGIN
(Unaudited)	Three Months Ended				Three Months Ended
(Dollars in thousands)	March 31, 2022				March 31, 2021
	Operating income		Operating margin		Operating income		Operating margin
Total segment operating income	$	831,489	20.3	%	$	713,319	19.0	%
Adjustments:
Acquired intangible asset amortization expense	78,865				81,253
Business realignment charges	3,089				5,445
Integration costs to achieve	933				2,655
Russia liquidation	12,827				—
Adjusted total segment operating income	$	927,203	22.7	%	$	802,672	21.4	%

	Nine Months Ended				Nine Months Ended
	March 31, 2022				March 31, 2021
	Operating income		Operating margin		Operating income		Operating margin
Total segment operating income	$	2,318,386	19.9	%	$	1,848,380	17.8	%
Adjustments:
Acquired intangible asset amortization expense	237,377				244,193
Business realignment charges	9,748				37,890
Integration costs to achieve	2,942				10,194
Russia liquidation	12,827				—
Adjusted total segment operating income	$	2,581,280	22.1	%	$	2,140,657	20.6	%


PARKER HANNIFIN CORPORATION - MARCH 31, 2022					Exhibit 99.1
CONSOLIDATED BALANCE SHEET
(Unaudited)	March 31,		June 30,		March 31,
(Dollars in thousands)	2022		2021		2021*
Assets
Current assets:
Cash and cash equivalents	$	467,711	$	733,117	$	489,600
Marketable securities and other investments	38,561		39,116		40,270
Trade accounts receivable, net	2,357,244		2,183,594		2,118,437
Non-trade and notes receivable	327,186		326,315		309,568
Inventories	2,330,242		2,090,642		2,048,971
Prepaid expenses and other	2,708,750		243,966		193,019
Total current assets	8,229,694		5,616,750		5,199,865
Property, plant and equipment, net	2,174,237		2,266,476		2,249,122
Deferred income taxes	144,506		104,251		125,382
Investments and other assets	787,986		774,239		791,221
Intangible assets, net	3,254,062		3,519,797		3,595,182
Goodwill	7,954,835		8,059,687		8,031,586
Total assets	$	22,545,320	$	20,341,200	$	19,992,358

Liabilities and equity
Current liabilities:
Notes payable and long-term debt payable within one year	$	1,923,860	$	2,824	$	186,388
Accounts payable, trade	1,732,421		1,667,878		1,551,460
Accrued payrolls and other compensation	418,876		507,027		430,008
Accrued domestic and foreign taxes	276,159		236,384		204,241
Other accrued liabilities	1,055,348		682,390		664,550
Total current liabilities	5,406,664		3,096,503		3,036,647
Long-term debt	6,229,654		6,582,053		6,571,908
Pensions and other postretirement benefits	904,332		1,055,638		1,777,137
Deferred income taxes	448,583		553,981		452,849
Other liabilities	583,228		639,355		631,702
Shareholders' equity	8,959,866		8,398,307		7,506,388
Noncontrolling interests	12,993		15,363		15,727
Total liabilities and equity	$	22,545,320	$	20,341,200	$	19,992,358

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.


PARKER HANNIFIN CORPORATION - MARCH 31, 2022			Exhibit 99.1
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)	Nine Months Ended March 31,
(Dollars in thousands)	2022		2021*
Cash flows from operating activities:
Net income	$	1,187,280	$	1,241,892
Depreciation and amortization	432,322		448,808
Share incentive plan compensation	109,781		101,907
Gain on sale of business	(1,472)		—
Gain on disposal of property, plant and equipment	(6,782)		(108,449)
Loss (gain) on marketable securities	2,280		(8,489)
Gain on investments	(2,024)		(6,008)
Net change in receivables, inventories and trade payables	(347,086)		125,916
Net change in other assets and liabilities	308,993		94,742
Other, net	(134,854)		(8,914)
Net cash provided by operating activities	1,548,438		1,881,405
Cash flows from investing activities:

Capital expenditures	(158,864)		(136,064)
Proceeds from sale of property, plant and equipment	29,320		132,740
Proceeds from sale of businesses	3,366		—
Purchases of marketable securities and other investments	(20,012)		(30,608)
Maturities and sales of marketable securities and other investments	17,662		71,225
Other	2,766		14,120
Net cash (used in) provided by investing activities	(125,762)		51,413
Cash flows from financing activities:
Net payments for common stock activity	(372,430)		(125,519)

Net proceeds from (payments for) debt	1,622,442		(1,748,818)
Financing fees paid	(52,655)		—
Dividends paid	(398,099)		(341,333)
Net cash provided by (used in) financing activities	799,258		(2,215,670)
Effect of exchange rate changes on cash	106		86,938
Net increase (decrease) in cash, cash equivalents and restricted cash	2,222,040		(195,914)
Cash, cash equivalents and restricted cash at beginning of year	733,117		685,514
Cash, cash equivalents and restricted cash at end of period	$	2,955,157	$	489,600

*Prior period has been adjusted to reflect the change in inventory accounting method, as described in the Company's fiscal 2021 Annual Report on Form 10-K.



PARKER HANNIFIN CORPORATION - MARCH 31, 2022						Exhibit 99.1
RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE

(Unaudited)
(Amounts in dollars)						Fiscal Year 2022
Forecasted earnings per diluted share						$13.00 to $13.30
Adjustments:
Business realignment charges						0.15
Costs to achieve						0.04
Acquisition-related intangible asset amortization expense						2.43
Acquisition-related expenses						0.64
Loss on deal-contingent forward contracts						3.04
Russia Liquidation						0.15
Tax effect of adjustments1						(1.45)
Adjusted forecasted earnings per diluted share						$18.00 to $18.30

1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.

Parker Hannifin Corporation Fiscal 2022 Third Quarter Earnings Presentation May 5, 2022 Exhibit 99.2

Forward-Looking Statements and Non-GAAP Financial Measures 2 Forward-looking statements contained in this and other written and oral reports are made based on known events and circumstances at the time of release, and as such, are subject in the future to unforeseen uncertainties and risks. Often but not always, these statements may be identified from the use of forward-looking terminology such as “anticipates,” “believes,” “may,” “should,” “could,” “expects,” “targets,” “is likely,” “will,” or the negative of these terms and similar expressions, and include all statements regarding future performance, earnings projections, events or developments. Neither Parker nor any of its respective associates or directors, officers or advisers, provides any representation, assurance or guarantee that the occurrence of the events expressed or implied in any forward-looking statements will actually occur. Parker cautions readers not to place undue reliance on these statements. It is possible that the future performance and earnings projections of the company, including its individual segments, may differ materially from past performance or current expectations. The risks and uncertainties in connection with such forward-looking statements related to the proposed acquisition of Meggitt include, but are not limited to, the occurrence of any event, change or other circumstances that could delay or prevent the closing of the proposed acquisition, including the failure to satisfy any of the conditions to the proposed acquisition; the possibility that in order for the parties to obtain regulatory approvals, conditions are imposed that prevent or otherwise adversely affect the anticipated benefits from the proposed acquisition or cause the parties to abandon the proposed acquisition; adverse effects on Parker’s common stock because of the failure to complete the proposed acquisition; Parker’s business experiencing disruptions due to acquisition-related uncertainty or other factors making it more difficult to maintain relationships with employees, business partners or governmental entities; the possibility that the expected synergies and value creation from the proposed acquisition will not be realized or will not be realized within the expected time period, due to unsuccessful implementation strategies or otherwise; and significant transaction costs related to the proposed acquisition. Among other factors which may affect future performance are: the impact of the global outbreak of COVID-19 and governmental and other actions taken in response; changes in business relationships with and purchases by or from major customers, suppliers or distributors, including delays or cancellations in shipments; disputes regarding contract terms or significant changes in financial condition, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions and similar transactions, including the integration of LORD Corporation or Exotic Metals; the ability to successfully divest businesses planned for divestiture and realize the anticipated benefits of such divestitures; the determination to undertake business realignment activities and the expected costs thereof and, if undertaken, the ability to complete such activities and realize the anticipated cost savings from such activities; ability to implement successfully business and operating initiatives, including the timing, price and execution of share repurchases and other capital initiatives; availability, cost increases of or other limitations on our access to raw materials, component products and/or commodities if associated costs cannot be recovered in product pricing; ability to manage costs related to insurance and employee retirement and health care benefits; legal and regulatory developments and changes; compliance costs associated with environmental laws and regulations; potential supply chain and labor disruptions, including as a result of labor shortages; threats associated with international conflicts and efforts to combat terrorism and cyber- security risks; uncertainties surrounding the ultimate resolution of outstanding legal proceedings, including the outcome of any appeals; local and global political and competitive market conditions, including global reactions to U.S. trade policies, and resulting effects on sales and pricing; and global economic factors, including manufacturing activity, air travel trends, currency exchange rates, difficulties entering new markets and general economic conditions such as inflation, deflation, interest rates (including fluctuations associated with any potential credit rating decline) and credit availability; inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals; changes in consumer habits and preferences; government actions, including the impact of changes in the tax laws in the United States and foreign jurisdictions and any judicial or regulatory interpretation thereof; and large scale disasters, such as floods, earthquakes, hurricanes, industrial accidents and pandemics. Readers should consider these forward-looking statements in light of risk factors discussed in Parker’s Annual Report on Form 10-K for the fiscal year ended June 30, 2021 and other periodic filings made with the SEC. This presentation contains references to non-GAAP financial information for Parker, including organic sales for Parker and by segment, adjusted earnings per share, adjusted operating margin for Parker and by segment, adjusted net income, EBITDA, adjusted EBITDA, EBITDA margin, adjusted EBITDA margin, adjusted Net Debt, and free cash flow. EBITDA is defined as earnings before interest, taxes, depreciation and amortization. For Parker, adjusted EBITDA is defined as EBITDA before business realignment, Integration costs to achieve, acquisition related expenses, and other one-time items. Free cash flow is defined as cash flow from operations less capital expenditures. Although organic sales, adjusted earnings per share, adjusted operating margin for Parker and by segment, adjusted net income, EBITDA, adjusted EBITDA, EBITDA margin and free cash flow are not measures of performance calculated in accordance with GAAP, we believe that they are useful to an investor in evaluating the company performance for the period presented. Detailed reconciliations of these non-GAAP financial measures to the comparable GAAP financial measures have been included in the appendix to this presentation. Please visit www.PHstock.com for more information

FY22 Q3: Exceptional Agility Delivered a Record Quarter 3  Safety is our top priority, leveraging high-performance teams and kaizen  Sales growth of 9% vs. prior year; organic growth 11% vs. prior year  Eclipsed $4B sales with strong demand across nearly all end markets  Segment operating margin was 20.3% as reported, or 22.7% adjusted1, +130 bps vs. prior year  Increased the quarterly dividend 29%  Expect temporary FY22 Q4 impact from China COVID shutdowns • Anticipate return to full production during FY23 Q1 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Win Strategy + Portfolio Changes: Longer Cycle & Better Performance

What Drives Parker? Great Generators and Deployers of Cash Living Up to Our Purpose Top Quartile Performance vs. Proxy Peers 4

Power Generation Parker is Essential to the Natural Gas Value Chain Enabling Growth in Natural Gas as a Bridge to Hydrogen 5 Upstream Midstream Gas Conditioning Liquefaction, Storage & Regasification Parker Technologies Utilized:  Engineered Materials  Filtration  Fluid Conveyance  Hydraulics  Pneumatics  Process Control

Hydraulics & Pneumatics • Motors and Pumps • Hydraulic Intensifiers • Valves & Accumulators Fluid Conveyance • Hydrogen Fuel Nozzles • Fittings and Quick Couplings • Cryogenic Solutions Filtration • Gas Filtration and Separation • Humidification & Gas Drying Engineered Materials • Hermetic Sealing • High Temp & Cryogenic Sealing Enabling Growth in Natural Gas as a Bridge to Hydrogen Parker Technologies Expertise in Dual Fuel Power Generation • Fuel Cells • Water Separation & Purification • Humidification and Gas Drying • H2 Power Generation Turbines • Water Injection Systems Applications for both CNG & H2 6

$6.99 $8.86 $11.57 $13.10 $12.44 $15.04 FY16 FY17 FY18 FY19 FY20 FY21 FY22 G Adjusted EPS1 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. $5.89 $7.25 $7.83 $11.57 $9.26 $13.35 $13.15As Reported EPS Performance Our People, Portfolio & Strategy Transform Performance 14.7% 16.7% 17.5% 18.3% 19.3% 21.3% FY16 FY17 FY18 FY19 FY20 FY21 Adjusted EBITDA1 Increased 780 bps Midpoint $18.15 Midpoint 2.5x EPS growth > 22.5% YTD $0.81B $0.98B $1.06B $1.53B $1.20B $1.75B $1.19BAs Reported Net Income FY22 Q3 YTD 7

Continued Progress on Meggitt Transaction 8 Compelling Strategic Aerospace Combination

10 Financial Summary FY22 Q3 vs. FY21 Q3 1. Sales figures As Reported. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Note: FY21 Q3 As Reported: Segment Operating Margin of 19.0%, EBITDA Margin of 21.6%, Net Income of $473M, EPS of $3.60. $ Millions, except per share amounts Q3 FY22 Q3 FY22 Q3 FY21 YoY Change As Reported Adjusted¹ Adjusted¹ Adjusted Sales $4,086 $4,086 $3,746 +9.1% Segment Operating Margin 20.3% 22.7% 21.4% +130 bps EBITDA Margin 15.7% 22.6% 21.9% +70 bps Net Income $348 $630 $542 +16% EPS $2.67 $4.83 $4.12 +17%

11 Adjusted Earnings per Share Bridge FY21 Q3 to FY22 Q3 1. FY21 Q3 As Reported EPS of $3.60. FY22 Q3 As Reported EPS of $2.67. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations.

12 FY22 Q3 Segment Performance Sales As Reported $ Organic %¹ Segment Operating Margin As Reported Segment Operating Margin Adjusted1 Order Rates2 Commentary $2,015M +14.5% Organic 20.5% 22.9% +100 bps YoY +23% • Order rates accelerate • Excellent operating execution, strong sequential incremental improvement $1,439M +8.9% Organic 20.7% 22.7% +110 bps YoY +9% • Organic growth in all regions • Sustainable benefits from regional realignment actions $632M +5.8% Organic 18.8% 21.9% +250 bps YoY (4)% • Strong commercial growth continues • Order rate +20% excluding sizable multi- year military orders in prior period $4,086M +11.1% Organic 20.3% 22.7% +130 bps YoY +14% • Record sales & segment operating margin • 37% incremental margin1, 44% excluding prior year discretionary savings of $25M 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Order Rates exclude acquisitions, divestitures, & currency. Industrial is a 3 month YoY comparison of total dollars. Aerospace is a rolling 12 month YoY comparison. Diversified Industrial International Diversified Industrial North America Parker Aerospace Systems

13 FY22 Q3 YTD Cash Flow Performance Forecast Mid-Teens CFOA for FY22 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Defined as net change in accounts receivable, inventory, and accounts payable trade per the statement of cash flows $ Millions % to Sales 13.3% 11.9% 18.1% 16.8% Cash Flow from Operations of 13.3%  Free Cash Flow of 11.9% • Working capital a use of cash of 3.0% of sales2  Free Cash Flow Conversion of 117% ▪ Leverage at FY22 Q3 • Gross Debt / EBITDA = 2.8x • Net Debt / EBITDA = 2.6x • Net Debt / EBITDA, excluding $2.5B restricted cash escrow = 1.8x1

14 FY22 Adjusted Guidance Increased EPS Midpoint: $13.15 As Reported, $18.15 Adjusted Sales Growth vs. Prior Year Diversified Industrial North America ~14% Diversified Industrial International ~6% Aerospace Systems ~5% Parker ~10% Segment Operating Margins As Reported Adjusted1 Diversified Industrial North America ~19.7% ~22.2% Diversified Industrial International ~20.3% ~22.2% Aerospace Systems ~19.4% ~21.7% Parker ~19.9% ~22.1% Additional Items As Reported Adjusted1 Corporate G&A, Interest and Other $947M $459M Full Year Reported Tax Rate ~21.5% Diluted Shares Outstanding 130.5M Earnings Per Share As Reported Adjusted1 Range $13.00 - $13.30 $18.00 - $18.30 Detail of Pre-Tax Adjustments to: Segment Margins Below Segment Acquired Intangible Asset Amortization ~$315M — Business Realignment Charges ~$20M — LORD Costs to Achieve ~$5M — Closure of Russia Operations ~$13M ~$7M Meggitt Acquisition Related Expenses — $84M2 Meggitt Deal Contingent Forward Contracts — $396M2 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. 2. Reflects expenses incurred to date. Future expenses related to Meggitt are not guided and will be adjusted as they occur.

15 FY22 Midpoint Guidance Bridge Reconciliation of Guidance Increase 1. Adjusted numbers include certain non-GAAP financial measures. See Appendix for additional details and reconciliations. Updates to Q4 Guide Assumption of impact from COVID-19 related shutdowns in China: $100M sales at a 40% decremental

Key Messages  Highly engaged global team living up to our purpose  The Win Strategy™ 3.0 has accelerated our performance  Strategic portfolio transformation - longer cycle & more resilient  Positioned for growth with secular trends  Our clean technologies enable a more sustainable world  Announced FY27 targets with continued margin expansion 16 A Transformed Parker with a Promising Future

Upcoming Event Calendar 4Q FY22 Earnings & FY23 Guidance August 4, 2022 Annual Meeting of Shareholders October 26, 2022 1Q FY23 Earnings November 3, 2022 2Q FY23 Earnings February 2, 2023 3Q FY23 Earnings May 4, 2023 4Q FY23 Earnings August 3, 2023

Appendix • Reconciliation of Organic Growth • Adjusted Amounts Reconciliation • Reconciliation of EPS • Reconciliation of Total Segment Operating Margin to Adjusted Total Segment Operating Margin • Reconciliation of EBITDA to Adjusted EBITDA • Reconciliation of Free Cash Flow Conversion • Reconciliation of Adjusted Net Debt to EBITDA • Supplemental Sales Information – Global Technology Platforms • Reconciliation of Forecasted EPS 18

Reconciliation of Organic Growth 19 (Dollars in thousands) (Unaudited) Quarter-to-Date As Reported Currency Organic As Reported Net Sales March 31, 2022 March 31, 2022 March 31, 2021 Diversified Industrial: North America $ 2,014,715 $ (1,207) $ 2,013,508 $ 1,758,383 International 1,439,357 73,598 1,512,955 1,388,999 Total Diversified Industrial 3,454,072 72,391 3,526,463 3,147,382 Aerospace Systems 632,315 1,588 633,903 598,944 Total Parker Hannifin $ 4,086,387 $ 73,979 $ 4,160,366 $ 3,746,326 As reported Currency Organic Diversified Industrial: North America 14.6 % 0.1 % 14.5 % International 3.6 % (5.3)% 8.9 % Total Diversified Industrial 9.7 % (2.3)% 12.0 % Aerospace Systems 5.6 % (0.2)% 5.8 % Total Parker Hannifin 9.1 % (2.0)% 11.1 %

Adjusted Amounts Reconciliation Consolidated Statement of Income 20 (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2022 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Integration Costs to Achieve Acquisition Related Expenses Loss on Deal- Contingent Forward Contracts Russia Liquidation % of Sales As Reported Adjusted March 31, 2022 March 31, 2022 Net Sales $ 4,086,387 100.0 % $ — $ — $ — $ — $ — $ — $ 4,086,387 100.0 % Cost of Sales 2,927,991 71.7 % — 1,757 226 — — 9,493 2,916,515 71.4 % Selling, general, and admin. expenses 412,431 10.1 % 78,865 1,332 707 11,657 — 2,847 317,023 7.8 % Interest expense 63,272 1.5 % — — — — — — 63,272 1.5 % Other expense (income), net 248,704 6.1 % — 63 — 1,067 246,983 7,717 (7,126) (0.2)% Income before income taxes 433,989 10.6 % (78,865) (3,152) (933) (12,724) (246,983) (20,057) 796,703 19.5 % Income taxes 85,901 2.1 % 18,060 722 214 2,913 56,559 2,089 166,458 4.1 % Net Income 348,088 8.5 % (60,805) (2,430) (719) (9,811) (190,424) (17,968) 630,245 15.4 % Less: Noncontrollable interests 71 0.0 % — — — — — — 71 0.0 % Net Income - common shareholders $ 348,017 8.5 % $ (60,805) $ (2,430) $ (719) $ (9,811) $ (190,424) $ (17,968) $ 630,174 15.4 % Diluted earnings per share $ 2.67 $ (0.47) $ (0.02) $ (0.01) $ (0.07) $ (1.46) $ (0.13) $ 4.83

Adjusted Amounts Reconciliation Consolidated Statement of Income 21 (Dollars in thousands, except per share data) (Unaudited) Quarter-to-Date FY 2021 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Lord Costs to Achieve Exotic Costs to Achieve As Reported Adjusted March 31, 2021* March 31, 2021* % of Sales Net sales $ 3,746,326 100.0 % $ — $ — $ — $ — $ 3,746,326 100.0 % Cost of sales 2,712,785 72.4 % — 3,056 425 — 2,709,304 72.3 % Selling, general and admin. expenses 386,831 10.3 % 81,253 2,545 2,206 24 300,803 8.0 % Interest expense 60,830 1.6 % — — — — 60,830 1.6 % Other (income) expense, net (13,460) (0.4)% — 1 — — (13,461) (0.4)% Income before income taxes 599,340 16.0 % (81,253) (5,602) (2,631) (24) 688,850 18.4 % Income taxes 126,101 3.4 % 18,851 1,300 610 6 146,868 3.9 % Net income 473,239 12.6 % (62,402) (4,302) (2,021) (18) 541,982 14.5 % Less: Noncontrolling interests 86 0.0 % — — — — 86 0.0 % Net income - common shareholders $ 473,153 12.6 % $ (62,402) $ (4,302) $ (2,021) $ (18) $ 541,896 14.5 % Diluted earnings per share $ 3.60 $ (0.47) $ (0.03) $ (0.02) $ — $ 4.12 *Prior periods have been adjusted to reflect the change in inventory accounting method

Adjusted Amounts Reconciliation Business Segment Information 22 (Dollars in thousands) (Unaudited) Quarter-to-Date FY 2022 % of Sales Acquired Intangible Asset Amortization Business Realignment Charges Integration Costs to Achieve Acquisition Related Expenses Loss on Deal- Contingent Forward Contracts Russia Liquidation % of Sales2 As Reported Adjusted March 31, 2022 March 31, 2022 Diversified Industrial North America1 $ 413,998 20.5 % $ 47,408 $ 355 $ 297 $ — $ — $ — $ 462,058 22.9 % International1 298,475 20.7 % 18,704 2,416 636 — — 6,257 326,488 22.7 % Aerospace Systems1 119,016 18.8 % 12,753 318 — — — 6,570 138,657 21.9 % Total segment operating income 831,489 20.3 % (78,865) (3,089) (933) — — (12,827) 927,203 22.7 % Corporate administration 57,405 1.4 % — — — — — — 57,405 1.4 % Income before interest and other 774,084 18.9 % (78,865) (3,089) (933) — — (12,827) 869,798 21.3 % Interest expense 63,272 1.5 % — — — — — — 63,272 1.5 % Other (income) expense 276,823 6.8 % — 63 — 12,724 246,983 7,230 9,823 0.2 % Income before income taxes $ 433,989 10.6 % $ (78,865) $ (3,152) $ (933) $ (12,724) $ (246,983) $ (20,057) $ 796,703 19.5 % 1Segment operating income as a percent of sales is calculated on as reported segment sales. 2Adjusted amounts as a percent of sales are calculated on as reported segment sales.

Reconciliation of Earnings per Diluted Share to Adjusted Earnings per Diluted Share 23 (Unaudited) Three Months Ended March 31, (Amounts in dollars) 2022 2021* Earnings per diluted share $ 2.67 $ 3.60 Adjustments: Acquired intangible asset amortization expense 0.61 0.62 Business realignment charges 0.02 0.04 Integration costs to achieve 0.01 0.02 Acquisition-related expenses 0.10 — Loss on deal-contingent forward contracts 1.89 — Russia liquidation 0.15 — Tax effect of adjustments1 (0.62) (0.16) Adjusted earnings per diluted share $ 4.83 $ 4.12 1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. *Prior periods have been adjusted to reflect the change in inventory accounting method

Reconciliation of Earnings per Diluted Share to Adjusted Earnings per Diluted Share 24 1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment. *FY19 and FY20 have been adjusted to reflect the change in inventory accounting method

25 Reconciliation of Total Segment Operating Margin to Adjusted Total Segment Operating Margin (Unaudited) Three Months Ended Three Months Ended (Dollars in thousands) March 31, 2022 March 31, 2021 Operating income Operating margin Operating income Operating margin Total segment operating income $ 831,489 20.3 % $ 713,319 19.0 % Adjustments: Acquired intangible asset amortization expense 78,865 81,253 Business realignment charges 3,089 5,445 Integration costs to achieve 933 2,655 Russia liquidation 12,827 — Adjusted total segment operating income $ 927,203 22.7 % $ 802,672 21.4 %

26 Reconciliation of EBITDA to Adjusted EBITDA (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, (Dollars in thousands) 2022 2021* 2022 Net sales $ 4,086,387 $ 3,746,326 $ 11,673,776 Net income $ 348,088 $ 473,239 $ 1,187,280 Income taxes 85,901 126,101 308,778 Depreciation 63,832 69,295 194,945 Amortization 78,865 81,253 237,377 Interest expense 63,272 60,830 183,982 EBITDA 639,958 810,718 2,112,362 Adjustments: Business realignment charges 3,152 5,602 9,811 Integration costs to achieve 933 2,655 2,942 Acquisition-related expenses 12,724 — 84,065 Loss on deal-contingent forward contracts 246,983 — 396,365 Russia liquidation 20,057 — 20,057 Adjusted EBITDA $ 923,807 $ 818,975 $ 2,625,602 EBITDA margin 15.7 % 21.6 % 18.1 % Adjusted EBITDA margin 22.6 % 21.9 % 22.5 % *Prior periods have been adjusted to reflect the change in inventory accounting method

27 1Amounts have been adjusted to reflect the change in inventory accounting method. *Totals may not foot due to rounding Reconciliation of EBITDA to Adjusted EBITDA

Reconciliation of Free Cash Flow Conversion 28 (Unaudited) Nine Months Ended March 31, 2022 Nine Months Ended March 31, 2021*(Dollars in thousands) Net income $ 1,187,280 $ 1,241,892 Cash flow from operations $ 1,548,438 $ 1,881,405 Capital Expenditures (158,864) (136,064) Free cash flow $ 1,389,574 $ 1,745,341 Free cash flow conversion (free cash flow / net income) 117 % 141 % *Prior periods have been adjusted to reflect the change in inventory accounting method

Reconciliation of Adjusted Net Debt to EBITDA 29

Supplemental Sales Information Global Technology Platforms 30 (Unaudited) Three Months Ended March 31, Nine Months Ended March 31, (Dollars in thousands) 2022 2021 2022 2021 Net sales Diversified Industrial: Motion Systems $ 895,839 $ 820,514 $ 2,568,166 $ 2,197,971 Flow and Process Control 1,197,590 1,081,570 3,386,417 2,955,643 Filtration and Engineered Materials 1,360,643 1,245,298 3,875,843 3,477,632 Aerospace Systems 632,315 598,944 1,843,350 1,757,525 Total $ 4,086,387 $ 3,746,326 $ 11,673,776 $ 10,388,771

Reconciliation of EPS Fiscal Year 2022 Guidance 31 (Unaudited) (Amounts in dollars) Fiscal Year 2022 Forecasted earnings per diluted share $13.00 to $13.30 Adjustments: Business realignment charges 0.15 Costs to achieve 0.04 Acquisition-related intangible asset amortization expense 2.43 Acquisition-related expenses 0.64 Loss on deal-contingent forward contracts 3.04 Russia Liquidation 0.15 Tax effect of adjustments1 (1.45) Adjusted forecasted earnings per diluted share $18.00 to $18.30 1This line item reflects the aggregate tax effect of all non-tax adjustments reflected in the preceding line items of the table. We estimate the tax effect of each adjustment item by applying our overall effective tax rate for continuing operations to the pre-tax amount, unless the nature of the item and/or the tax jurisdiction in which the item has been recorded requires application of a specific tax rate or tax treatment, in which case the tax effect of such item is estimated by applying such specific tax rate or tax treatment.


Ohio	1-4982	34-0451060
(State or other jurisdiction of Incorporation or Organization)	(Commission File Number)	(I.R.S. Employer Identification No.)

6035 Parkland Boulevard, Cleveland, Ohio		44124-4141
(Address of Principal Executive Offices)		(Zip Code)


		PARKER-HANNIFIN CORPORATION
		By: /s/ Todd M. Leombruno
		Todd M. Leombruno
		Executive Vice President and Chief Financial Officer



Date:	May 5, 2022


Emerging growth company ☐