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November 4 , 2021 Parker Parker Reports Fiscal 2022 First Quarter Results • First quarter records for sales , segment operating margins , net income and EPS • Sales increased 17 % to $ 3.76 billion , organic sales increased 16 % • Segment operating margin was 19.7 % as reported , or 22.0 % adjusted • Net income was $ 451.2 million ; EPS was $ 3.45 as reported , or $ 4.26 adjusted • EBITDA margin was 20.6 % as reported , or 22.1 % adjusted • Company increases fiscal 2022 EPS guidance CLEVELAND , Nov. 04 , 2021 ( GLOBE NEWSWIRE ) -- Parker Hannifin Corporation ( NYSE : PH ) , the global leader in motion and control technologies , today reported results for the fiscal 2022 first quarter ended September 30 , 2021. Fiscal 2022 first quarter sales were a first quarter record at $ 3.76 billion , an increase of 17 % compared with $ 3.23 billion in the first quarter of fiscal 2021. Net income was also a first quarter record at $ 451.2 million , an increase of 41 % compared with $ 319.8 million in the prior year quarter . Fiscal 2022 first quarter earnings per share were also a first quarter record at $ 3.45 , an increase of 41 % compared with $ 2.45 in the first quarter of fiscal 2021. Adjusted earnings per share increased 40 % to $ 4.26 compared with adjusted earnings per share of $ 3.05 in the prior year quarter . Fiscal year - to - date cash flow from operations was $ 424.4 million , or 11.3 % of sales , compared with $ 737.4 million in the prior year period . A reconciliation of non - GAAP measures is included in the financial tables of this press release . " We delivered impressive results in the quarter , ” said Chairman and Chief Executive Officer , Tom Williams . " Our performance demonstrated operational discipline and agility in a challenging manufacturing environment that coupled increased demand with labor and supply chain constraints . We achieved first quarter records for sales , segment operating margins , net income and earnings per share . Adjusted total segment operating margin and adjusted EBITDA margin both increased 210 basis points as a result of The Win Strategy ™ 3.0 , portfolio enhancements and the excellent efforts from our global team . " Segment Results Diversified Industrial Segment : North American first quarter sales increased 17 % to $ 1.79 billion and operating income was $ 333.7 million compared with $ 268.8 million in the same period a year ago . International first quarter sales increased 22 % to $ 1.38 billion and operating income was $ 291.2 million compared with $ 186.9 million in the same period a year ago . Aerospace Systems Segment : First quarter sales increased 3 % to $ 592.7 million and operating income was $ 118.3 million compared with $ 86.8 million in the same period a year ago . Parker reported the following orders for the quarter ending September 30 , 2021 , compared