The motion and controls maker expects the deal to close in the second half of this year.

CLEVELAND, May 21, 2026 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, today announced that it has entered into a definitive agreement to acquire the Commercial and Defense Aerospace business of CIRCOR International, Inc. on a cash-free, debt-free basis for a cash purchase price of $2.55 billion, which includes expected tax benefits with an estimated net present value of approximately $75 million. The purchase price, net of expected tax benefits, represents 22.7x CIRCOR Aerospace's calendar year 2026 estimated adjusted EBITDA, or 18.2x including expected cost synergies of approximately 10% of calendar year 2026 estimated sales. The transaction is subject to customary closing conditions, including receipt of applicable regulatory approvals, and is expected to close in the second half of calendar year 2026.

NEW YORK & BURLINGTON, Mass.--(BUSINESS WIRE)--KKR and CIRCOR International (“CIRCOR” or the “Company”), a global manufacturer of flow control products for industrial, naval, and aerospace markets, today announced the signing of a definitive agreement to sell CIRCOR Aerospace, the Company's aerospace division, to Parker Hannifin Corporation (NYSE:PH), the global leader in motion and control technologies, for $2.55 billion. Funds managed by KKR first acquired CIRCOR for $1.8 billion in 2023 and.

On May 12, 2026, we present a DCF analysis for Parker Hannifin Corp (PH), a company that has shown a price performance of +38.6% over the past year despite a re

On May 08, 2026, we present a DCF analysis for Parker Hannifin Corp (PH), a company that has shown a strong price performance over the past year, with a notable

Revenue: Record Q3 sales of $5.5 billion, with organic growth of 6.5%.Adjusted Segment Operating Margin: Expanded by 40 basis points to 26.7%.Adjusted Earnings

Parker-Hannifin Corporation (PH) Q3 2026 Earnings Call Transcript

PH beats Q3 estimates with 18% EPS growth, strong aerospace demand and higher orders, while raising fiscal 2026 earnings outlook.

Although the revenue and EPS for Parker-Hannifin (PH) give a sense of how its business performed in the quarter ended March 2026, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.

Parker-Hannifin (PH) came out with quarterly earnings of $8.17 per share, beating the Zacks Consensus Estimate of $7.85 per share. This compares to earnings of $6.94 per share a year ago.