
North America Businesses | |||||||||||||||||||||||
| $ in mm | FY26 Q4 | FY25 Q4 | Change | Organic Growth | |||||||||||||||||||
| Sales | $ | 2,221 | $ | 2,075 | 7.0 | % | 4.9 | % | |||||||||||||||
| Segment Operating Income | $ | 606 | $ | 513 | 18.1 | % | |||||||||||||||||
| Segment Operating Margin | 27.3 | % | 24.7 | % | 260 | bps | |||||||||||||||||
| Adjusted Segment Operating Income | $ | 609 | $ | 555 | 9.7 | % | |||||||||||||||||
| Adjusted Segment Operating Margin | 27.4 | % | 26.7 | % | 70 | bps | |||||||||||||||||
| International Businesses | |||||||||||||||||||||||
$ in mm | FY26 Q4 | FY25 Q4 | Change | Organic Growth | |||||||||||||||||||
Sales | $ | 1,634 | $ | 1,492 | 9.5 | % | 6.5 | % | |||||||||||||||
Segment Operating Income | $ | 396 | $ | 334 | 18.6 | % | |||||||||||||||||
Segment Operating Margin | 24.2 | % | 22.4 | % | 180 | bps | |||||||||||||||||
| Adjusted Segment Operating Income | $ | 438 | $ | 369 | 18.7 | % | |||||||||||||||||
Adjusted Segment Operating Margin | 26.8 | % | 24.7 | % | 210 | bps | |||||||||||||||||
$ in mm | FY26 Q4 | FY25 Q4 | Change | Organic Growth | |||||||||||||||||||
Sales | $ | 1,900 | $ | 1,676 | 13.4 | % | 13.3 | % | |||||||||||||||
Segment Operating Income | $ | 522 | $ | 407 | 28.3 | % | |||||||||||||||||
Segment Operating Margin | 27.5 | % | 24.3 | % | 320 | bps | |||||||||||||||||
| Adjusted Segment Operating Income | $ | 567 | $ | 486 | 16.7 | % | |||||||||||||||||
Adjusted Segment Operating Margin | 29.8 | % | 29.0 | % | 80 | bps | |||||||||||||||||
| Q4 FY26 | |||||
Parker | +19% | ||||
Diversified Industrial Segment - North America Businesses | +16% | ||||
Diversified Industrial Segment - International Businesses | +24% | ||||
Aerospace Systems Segment | +18% | ||||
Order rates as previously disclosed1 | FY25 | FY26 | |||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||||||||||||||||||||||
Diversified North America | (3%) | 3% | 3% | 2% | 3% | 7% | 7% | 16% | |||||||||||||||||||||
Diversified International | 1% | 4% | 11% | 0% | 6% | 6% | 6% | 24% | |||||||||||||||||||||
Aerospace Systems | 7% | 9% | 14% | 12% | 15% | 14% | 14% | 18% | |||||||||||||||||||||
Parker | 1% | 5% | 9% | 5% | 8% | 9% | 9% | 19% | |||||||||||||||||||||
Updated rolling 12- month order rates2 | FY25 | FY26 | |||||||||||||||||||||||||||
Q1 | Q2 | Q3 | Q4 | Q1 | Q2 | Q3 | Q4 | ||||||||||||||||||||||
Diversified North America | (5%) | (3%) | 0% | 2% | 3% | 4% | 5% | 9% | |||||||||||||||||||||
Diversified International | (5%) | (3%) | 3% | 3% | 4% | 5% | 4% | 10% | |||||||||||||||||||||
Aerospace Systems | 7% | 9% | 14% | 12% | 15% | 14% | 14% | 18% | |||||||||||||||||||||
Parker | (2%) | 1% | 5% | 5% | 7% | 8% | 8% | 12% | |||||||||||||||||||||
Contacts: | |||||
Media: | Financial Analysts: | ||||
Aidan Gormley | Jeff Miller | ||||
216-896-3258 | 216-896-2708 | ||||
aidan.gormley@parker.com | jeffrey.miller@parker.com | ||||
| CONSOLIDATED STATEMENTS OF INCOME | ||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||
| (Unaudited) | June 30, | June 30, | ||||||||||||||||||||||||
| (In millions, except per share amounts) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||||
| Net sales | $ | 5,755 | $ | 5,243 | $ | 21,499 | $ | 19,850 | ||||||||||||||||||
| Cost of sales | 3,508 | 3,285 | 13,397 | 12,535 | ||||||||||||||||||||||
| Selling, general and administrative expenses | 874 | 839 | 3,468 | 3,255 | ||||||||||||||||||||||
| Interest expense | 95 | 99 | 401 | 409 | ||||||||||||||||||||||
| Other expense (income), net | (62) | (51) | (330) | (456) | ||||||||||||||||||||||
| Income before income taxes | 1,340 | 1,071 | 4,563 | 4,107 | ||||||||||||||||||||||
| Income taxes | 248 | 148 | 914 | 575 | ||||||||||||||||||||||
| Net income | 1,092 | 923 | 3,649 | 3,532 | ||||||||||||||||||||||
| Less: Noncontrolling interests | 1 | — | 1 | 1 | ||||||||||||||||||||||
| Net income attributable to common shareholders | $ | 1,091 | $ | 923 | $ | 3,648 | $ | 3,531 | ||||||||||||||||||
| Earnings per share attributable to common shareholders: | ||||||||||||||||||||||||||
| Basic | $ | 8.66 | $ | 7.25 | $ | 28.89 | $ | 27.52 | ||||||||||||||||||
| Diluted | $ | 8.54 | $ | 7.15 | $ | 28.48 | $ | 27.12 | ||||||||||||||||||
| Weighted average shares outstanding: | ||||||||||||||||||||||||||
| Basic | 126.1 | 127.2 | 126.3 | 128.3 | ||||||||||||||||||||||
| Diluted | 127.8 | 129.0 | 128.1 | 130.2 | ||||||||||||||||||||||
| Cash dividends per common share | $ | 2.00 | $ | 1.80 | $ | 7.40 | $ | 6.69 | ||||||||||||||||||
| BUSINESS SEGMENT INFORMATION | ||||||||||||||||||||||||||
| Three Months Ended | Twelve Months Ended | |||||||||||||||||||||||||
| (Unaudited) | June 30, | June 30, | ||||||||||||||||||||||||
| (Dollars in millions) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||||
| Net sales | ||||||||||||||||||||||||||
| Diversified Industrial | $ | 3,855 | $ | 3,567 | $ | 14,438 | $ | 13,665 | ||||||||||||||||||
| Aerospace Systems | 1,900 | 1,676 | 7,061 | 6,185 | ||||||||||||||||||||||
| Total net sales | $ | 5,755 | $ | 5,243 | $ | 21,499 | $ | 19,850 | ||||||||||||||||||
| Segment operating income | ||||||||||||||||||||||||||
| Diversified Industrial | $ | 1,002 | $ | 847 | $ | 3,440 | $ | 3,120 | ||||||||||||||||||
| Aerospace Systems | 522 | 407 | 1,833 | 1,441 | ||||||||||||||||||||||
| Total segment operating income | 1,524 | 1,254 | 5,273 | 4,561 | ||||||||||||||||||||||
| Corporate general and administrative expenses | 50 | 65 | 205 | 214 | ||||||||||||||||||||||
| Income before interest expense and other expense (income), net | 1,474 | 1,189 | 5,068 | 4,347 | ||||||||||||||||||||||
| Interest expense | 95 | 99 | 401 | 409 | ||||||||||||||||||||||
| Other expense (income), net | 39 | 19 | 104 | (169) | ||||||||||||||||||||||
| Income before income taxes | $ | 1,340 | $ | 1,071 | $ | 4,563 | $ | 4,107 | ||||||||||||||||||
| ADJUSTED SEGMENT OPERATING INCOME AND ORGANIC SALES GROWTH RECONCILIATION | |||||||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2026 | Three Months Ended June 30, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Diversified Industrial Segment | Aerospace Systems Segment | Diversified Industrial Segment | Aerospace Systems Segment | ||||||||||||||||||||||||||||||||||||||
| (Unaudited) (Dollars in millions) | North America | Int'l | Total | Total | North America | Int'l | Total | Total | |||||||||||||||||||||||||||||||||
| Net sales | $ | 2,221 | $ | 1,634 | $ | 3,855 | $ | 1,900 | $ | 5,755 | $ | 2,075 | $ | 1,492 | $ | 3,567 | $ | 1,676 | $ | 5,243 | |||||||||||||||||||||
| Segment operating income | $ | 606 | $ | 396 | $ | 1,002 | $ | 522 | $ | 1,524 | $ | 513 | $ | 334 | $ | 847 | $ | 407 | $ | 1,254 | |||||||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | 49 | 23 | 72 | 76 | 148 | 41 | 23 | 64 | 75 | 139 | |||||||||||||||||||||||||||||||
| Business realignment charges | 2 | 18 | 20 | (1) | 19 | 2 | 12 | 14 | — | 14 | |||||||||||||||||||||||||||||||
| Integration costs to achieve | 5 | 1 | 6 | 1 | 7 | (1) | — | (1) | 4 | 3 | |||||||||||||||||||||||||||||||
Tariff refunds1 | (53) | — | (53) | (31) | (84) | — | — | — | — | — | |||||||||||||||||||||||||||||||
| Adjusted segment operating income | $ | 609 | $ | 438 | $ | 1,047 | $ | 567 | $ | 1,614 | $ | 555 | $ | 369 | $ | 924 | $ | 486 | $ | 1,410 | |||||||||||||||||||||
| Segment operating margin | 27.3% | 24.2% | 26.0% | 27.5% | 26.5% | 24.7% | 22.4% | 23.7% | 24.3% | 23.9% | |||||||||||||||||||||||||||||||
| Adjusted segment operating margin | 27.4% | 26.8% | 27.2% | 29.8% | 28.0% | 26.7% | 24.7% | 25.9% | 29.0% | 26.9% | |||||||||||||||||||||||||||||||
| Reported sales growth | 7.0% | 9.5% | 8.1% | 13.4% | 9.8% | ||||||||||||||||||||||||||||||||||||
| Currency | 0.3% | 0.5% | 0.4% | 0.1% | 0.3% | ||||||||||||||||||||||||||||||||||||
| Acquisitions | 1.8% | 2.5% | 2.1% | —% | 1.5% | ||||||||||||||||||||||||||||||||||||
| Organic sales growth | 4.9% | 6.5% | 5.6% | 13.3% | 8.0% | ||||||||||||||||||||||||||||||||||||
| Twelve Months Ended June 30, 2026 | Twelve Months Ended June 30, 2025 | ||||||||||||||||||||||||||||||||||||||||
| Diversified Industrial Segment | Aerospace Systems Segment | Diversified Industrial Segment | Aerospace Systems Segment | ||||||||||||||||||||||||||||||||||||||
| (Unaudited) (Dollars in millions) | North America | Int'l | Total | Total | North America | Int'l | Total | Total | |||||||||||||||||||||||||||||||||
| Net sales | $ | 8,392 | $ | 6,046 | $ | 14,438 | $ | 7,061 | $ | 21,499 | $ | 8,134 | $ | 5,531 | $ | 13,665 | $ | 6,185 | $ | 19,850 | |||||||||||||||||||||
| Segment operating income | $ | 2,041 | $ | 1,399 | $ | 3,440 | $ | 1,833 | $ | 5,273 | $ | 1,891 | $ | 1,229 | $ | 3,120 | $ | 1,441 | $ | 4,561 | |||||||||||||||||||||
| Adjustments: | |||||||||||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | 188 | 92 | 280 | 304 | 584 | 165 | 88 | 253 | 300 | 553 | |||||||||||||||||||||||||||||||
| Business realignment charges | 9 | 62 | 71 | 1 | 72 | 15 | 38 | 53 | — | 53 | |||||||||||||||||||||||||||||||
| Integration costs to achieve | 15 | 2 | 17 | 3 | 20 | 2 | 1 | 3 | 19 | 22 | |||||||||||||||||||||||||||||||
| Acquisition-related expenses | 6 | 5 | 11 | — | 11 | — | — | — | — | — | |||||||||||||||||||||||||||||||
Tariff refunds1 | (53) | — | (53) | (31) | (84) | — | — | — | — | — | |||||||||||||||||||||||||||||||
| Adjusted segment operating income | $ | 2,206 | $ | 1,560 | $ | 3,766 | $ | 2,110 | $ | 5,876 | $ | 2,073 | $ | 1,356 | $ | 3,429 | $ | 1,760 | $ | 5,189 | |||||||||||||||||||||
| Segment operating margin | 24.3% | 23.1% | 23.8% | 26.0% | 24.5% | 23.2% | 22.2% | 22.8% | 23.3% | 23.0% | |||||||||||||||||||||||||||||||
| Adjusted segment operating margin | 26.3% | 25.8% | 26.1% | 29.9% | 27.3% | 25.5% | 24.5% | 25.1% | 28.5% | 26.1% | |||||||||||||||||||||||||||||||
| Reported sales growth | 3.2% | 9.3% | 5.7% | 14.2% | 8.3% | ||||||||||||||||||||||||||||||||||||
| Currency | 0.4% | 3.4% | 1.7% | 0.8% | 1.2% | ||||||||||||||||||||||||||||||||||||
| Divestitures | (1.8)% | —% | (1.1)% | —% | (0.7)% | ||||||||||||||||||||||||||||||||||||
| Acquisitions | 1.5% | 2.0% | 1.7% | —% | 1.2% | ||||||||||||||||||||||||||||||||||||
| Organic sales growth | 3.1% | 3.9% | 3.4% | 13.4% | 6.6% | ||||||||||||||||||||||||||||||||||||
| DIVERSIFIED INDUSTRIAL INTERNATIONAL BUSINESSES - ORGANIC SALES GROWTH SUPPLEMENT | ||||||||||||||||||||||||||||||||
| Three Months Ended June 30, 2026 | Twelve Months Ended June 30, 2026 | |||||||||||||||||||||||||||||||
| (Unaudited) | EMEA | Asia Pacific | Latin America | Total | EMEA | Asia Pacific | Latin America | Total | ||||||||||||||||||||||||
| Reported sales growth | 3.0% | 19.6% | 3.0% | 9.5% | 7.0% | 13.6% | 0.7% | 9.3% | ||||||||||||||||||||||||
| Currency | 0.6% | (0.2)% | 5.6% | 0.5% | 5.4% | 0.4% | 4.0% | 3.4% | ||||||||||||||||||||||||
| Acquisitions | 1.8% | 3.9% | —% | 2.5% | 1.5% | 3.0% | —% | 2.0% | ||||||||||||||||||||||||
| Organic sales growth | 0.6% | 15.9% | (2.6)% | 6.5% | 0.1% | 10.2% | (3.3)% | 3.9% | ||||||||||||||||||||||||
ADJUSTED NET INCOME6 AND ADJUSTED DILUTED EARNINGS PER SHARE RECONCILIATION | ||||||||||||||||||||||||||||||||||||||
| Three Months Ended June 30, | Twelve Months Ended June 30, | |||||||||||||||||||||||||||||||||||||
| (Unaudited) | 2026 | 2025 | 2026 | 2025 | ||||||||||||||||||||||||||||||||||
| (Dollars in millions, except per share amounts) | Net Income6 | Diluted EPS | Net Income6 | Diluted EPS | Net Income6 | Diluted EPS | Net Income6 | Diluted EPS | ||||||||||||||||||||||||||||||
| As reported | $ | 1,091 | $ | 8.54 | $ | 923 | $ | 7.15 | $ | 3,648 | $ | 28.48 | $ | 3,531 | $ | 27.12 | ||||||||||||||||||||||
| Adjustments: | ||||||||||||||||||||||||||||||||||||||
| Amortization of acquired intangibles | 148 | 1.16 | 139 | 1.08 | 584 | 4.56 | 553 | 4.25 | ||||||||||||||||||||||||||||||
| Business realignment charges | 19 | 0.15 | 16 | 0.12 | 72 | 0.56 | 56 | 0.43 | ||||||||||||||||||||||||||||||
| Integration costs to achieve | 7 | 0.05 | 3 | 0.03 | 20 | 0.15 | 22 | 0.17 | ||||||||||||||||||||||||||||||
| Gain on divestitures | — | — | (2) | (0.02) | — | — | (252) | (1.94) | ||||||||||||||||||||||||||||||
Acquisition-related expenses2 | 7 | 0.05 | — | — | 41 | 0.31 | — | — | ||||||||||||||||||||||||||||||
| Insurance-related charges (recoveries) | (3) | (0.02) | — | — | (23) | (0.18) | 8 | 0.06 | ||||||||||||||||||||||||||||||
Tariff refunds1 | (84) | (0.65) | — | — | (84) | (0.65) | — | — | ||||||||||||||||||||||||||||||
Other adjustments3 | 28 | 0.21 | (14) | (0.10) | 28 | 0.21 | (24) | (0.18) | ||||||||||||||||||||||||||||||
Tax effect of adjustments4 | (27) | (0.22) | (38) | (0.30) | (147) | (1.13) | (120) | (0.93) | ||||||||||||||||||||||||||||||
Discrete tax benefits5 | — | — | (35) | (0.27) | — | — | (215) | (1.65) | ||||||||||||||||||||||||||||||
| As adjusted | $ | 1,186 | $ | 9.27 | $ | 992 | $ | 7.69 | $ | 4,139 | $ | 32.31 | $ | 3,559 | $ | 27.33 | ||||||||||||||||||||||
1In February 2026, the U.S. Supreme Court ruled that tariffs imposed under the International Emergency Economic Powers Act ("IEEPA") on goods imported into the U.S. were unauthorized. During the fourth quarter of fiscal 2026, the Company recognized a reduction to cost of sales of $84 million related to IEEPA tariff refunds received from the U.S. government. The Company has applied for additional refunds under the same program, though for lesser amounts. No receivable has been recorded for these additional refunds as the amount and timing remain uncertain. | ||||||||||||||||||||||||||||||||||||||
2Acquisition-related expenses include transaction costs and charges related to the fair value step up of acquired inventory. | ||||||||||||||||||||||||||||||||||||||
3Other adjustments include impairment charges and a pension buyout charge for $22 million and $6 million, respectively, in fiscal 2026. Other adjustments in the prior year consist of gains on sales of buildings. | ||||||||||||||||||||||||||||||||||||||
4This 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. | ||||||||||||||||||||||||||||||||||||||
5Discete tax benefits in fiscal 2025 relates to a release of a tax valuation allowance. | ||||||||||||||||||||||||||||||||||||||
6Represents net income attributable to common shareholders. | ||||||||||||||||||||||||||||||||||||||
| CONSOLIDATED BALANCE SHEETS | ||||||||||||||
| (Unaudited) | June 30, | June 30, | ||||||||||||
| (Dollars in millions) | 2026 | 2025 | ||||||||||||
| Assets | ||||||||||||||
| Current assets: | ||||||||||||||
| Cash and cash equivalents | $ | 501 | $ | 467 | ||||||||||
| Trade accounts receivable, net | 3,170 | 2,910 | ||||||||||||
| Non-trade and notes receivable | 303 | 318 | ||||||||||||
| Inventories | 3,166 | 2,839 | ||||||||||||
| Prepaid expenses | 355 | 263 | ||||||||||||
| Other current assets | 200 | 153 | ||||||||||||
| Total current assets | 7,695 | 6,950 | ||||||||||||
| Property, plant and equipment, net | 3,020 | 2,937 | ||||||||||||
| Deferred income taxes | 238 | 270 | ||||||||||||
| Other long-term assets | 1,535 | 1,269 | ||||||||||||
| Intangible assets, net | 7,280 | 7,374 | ||||||||||||
| Goodwill | 11,109 | 10,694 | ||||||||||||
| Total assets | $ | 30,877 | $ | 29,494 | ||||||||||
| Liabilities and equity | ||||||||||||||
| Current liabilities: | ||||||||||||||
| Notes payable and long-term debt payable within one year | $ | 1,754 | $ | 1,791 | ||||||||||
| Accounts payable, trade | 2,439 | 2,126 | ||||||||||||
| Accrued payrolls and other compensation | 658 | 587 | ||||||||||||
| Other current liabilities | 1,245 | 1,315 | ||||||||||||
| Total current liabilities | 6,096 | 5,819 | ||||||||||||
| Long-term debt | 6,766 | 7,494 | ||||||||||||
| Pensions and other postretirement benefits | 224 | 267 | ||||||||||||
| Deferred income taxes | 1,630 | 1,490 | ||||||||||||
| Other long-term liabilities | 748 | 733 | ||||||||||||
| Shareholders' equity | 15,404 | 13,682 | ||||||||||||
| Noncontrolling interests | 9 | 9 | ||||||||||||
| Total liabilities and equity | $ | 30,877 | $ | 29,494 | ||||||||||
| CONSOLIDATED STATEMENTS OF CASH FLOWS | ||||||||||||||
| Twelve Months Ended | ||||||||||||||
| (Unaudited) | June 30, | |||||||||||||
| (Dollars in millions) | 2026 | 2025 | ||||||||||||
| Cash flows from operating activities | ||||||||||||||
| Net income | $ | 3,649 | $ | 3,532 | ||||||||||
| Adjustments to reconcile net income to net cash provided by operating activities: | ||||||||||||||
| Depreciation | 353 | 354 | ||||||||||||
| Amortization | 584 | 553 | ||||||||||||
| Stock-based compensation expense | 179 | 159 | ||||||||||||
| Deferred income taxes | (4) | (304) | ||||||||||||
| Pensions and other postretirement benefits, net | (68) | (152) | ||||||||||||
| Gain on sale of businesses | (9) | (253) | ||||||||||||
| Other, net | (24) | 40 | ||||||||||||
| Changes in assets and liabilities, net of effect of acquisitions and divestitures: | ||||||||||||||
| Accounts receivable, net | (114) | 6 | ||||||||||||
| Inventories | (272) | (94) | ||||||||||||
| Other assets | (71) | 15 | ||||||||||||
| Accounts payable, trade | 290 | 119 | ||||||||||||
| Other liabilities | 10 | (134) | ||||||||||||
| Income taxes | (139) | (65) | ||||||||||||
| Net cash provided by operating activities | 4,364 | 3,776 | ||||||||||||
| Cash flows from investing activities | ||||||||||||||
| Acquisitions, net of cash acquired | (1,014) | — | ||||||||||||
| Capital expenditures | (459) | (435) | ||||||||||||
| Proceeds from sale of property, plant and equipment | 40 | 32 | ||||||||||||
| Proceeds from sale of businesses | 16 | 623 | ||||||||||||
| Other, net | 27 | 4 | ||||||||||||
| Net cash (used in) provided by investing activities | (1,390) | 224 | ||||||||||||
| Cash flows from financing activities | ||||||||||||||
| Payments for common shares | (1,262) | (1,766) | ||||||||||||
| Proceeds from (payments for) notes payable, net | (736) | (364) | ||||||||||||
| Proceeds from long-term borrowings | 23 | 751 | ||||||||||||
| Payments for long-term borrowings | (24) | (1,741) | ||||||||||||
| Dividends paid | (936) | (861) | ||||||||||||
| Other, net | 1 | 4 | ||||||||||||
| Net cash used in financing activities | (2,934) | (3,977) | ||||||||||||
| Effect of exchange rate changes on cash | (6) | 22 | ||||||||||||
| Net increase (decrease) in cash and cash equivalents | 34 | 45 | ||||||||||||
| Cash and cash equivalents at beginning of year | 467 | 422 | ||||||||||||
| Cash and cash equivalents at end of period | $ | 501 | $ | 467 | ||||||||||
| RECONCILIATION OF FORECASTED REPORTED SALES GROWTH TO FORECASTED ORGANIC SALES GROWTH | ||||||||
| (Unaudited) | ||||||||
| (Amounts in percentages) | Fiscal Year 2027 | |||||||
| Forecasted reported sales growth | 5.5% to 8.5% | |||||||
| Adjustments: | ||||||||
| Currency | ~0.5% | |||||||
| Acquisitions | ~(0.5%) | |||||||
| Forecasted organic sales growth | 5.5% to 8.5% | |||||||
| RECONCILIATION OF FORECASTED SEGMENT OPERATING MARGIN TO ADJUSTED FORECASTED SEGMENT OPERATING MARGIN | ||||||||
| (Unaudited) | ||||||||
| (Amounts in percentages) | Fiscal Year 2027 | |||||||
| Forecasted segment operating margin | 24.5% to 24.9% | |||||||
| Adjustments: | ||||||||
| Business realignment charges | ~0.4% | |||||||
| Amortization of acquired intangibles | ~2.5% | |||||||
| Integration costs to achieve | ~0.1% | |||||||
| Adjusted forecasted segment operating margin | 27.5% to 27.9% | |||||||
| RECONCILIATION OF FORECASTED EARNINGS PER DILUTED SHARE TO ADJUSTED FORECASTED EARNINGS PER DILUTED SHARE | ||||||||
| (Unaudited) | ||||||||
| (Amounts in dollars) | Fiscal Year 2027 | |||||||
| Forecasted earnings per diluted share | $30.00 to $31.00 | |||||||
| Adjustments: | ||||||||
| Business realignment charges | 0.74 | |||||||
| Amortization of acquired intangibles | 4.54 | |||||||
| Integration costs to achieve | 0.19 | |||||||
Tax effect of adjustments1 | (1.22) | |||||||
| Adjusted forecasted earnings per diluted share | $34.25 to $35.25 | |||||||
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. | ||||||||
Note: Totals may not foot due to rounding | ||||||||