PH — what changed in the latest 10-K

Text added vs the prior filing · source: 10-K · 2026-08-21

• Certain of our operations require the use and handling of hazardous materials and, as a result, the Company is subject to United States federal, state, and local laws and regulations as well as non-U.S. laws and regulations designed to protect the environment and regulate the discharge of materials …

• As of June 30, 2026, Parker was involved in environmental remediation and litigation at various U.S. and non-U.S. manufacturing facilities presently or formerly operated by us (or by an acquired legal entity) and as a "potentially responsible party," along with other companies, at off-site waste dis…

• On September 18, 2025, the Company completed the acquisition of Curtis Instruments, Inc. ("Curtis"). On August 13, 2026, the Company completed the acquisition of Filtration Group Corporation ("FGC"). In May 2026, we entered into a definitive agreement under which we expect to acquire the commercial …

• find personal and professional satisfaction in their work, responsibly move our company forward and strengthen our communities, fulfilling our purpose of Enabling Engineering Breakthroughs that Lead to a Better Tomorrow.

• Joseph R. LeontiExecutive Vice President, General Counsel and Secretary201454

Text removed vs the prior filing · source: 10-K · 2025-08-22

• Certain of our operations require the use and handling of hazardous materials and, as a result, the Company is subject to United States federal, state, and local laws and regulations as well as non-U.S. laws and regulations designed to protect the

• environment and regulate the discharge of materials into the environment. These laws impose penalties, fines and other sanctions for non-compliance and liability for response costs, property damage and personal injury resulting from past and current spills, disposals or other releases of, or exposur…

• As of June 30, 2025, Parker was involved in environmental remediation and litigation at various U.S. and non-U.S. manufacturing facilities presently or formerly operated by us and as a "potentially responsible party," along with other companies, at off-site waste disposal facilities and regional sit…

• On September 12, 2022, the Company completed the acquisition of Meggitt plc ("Meggitt"). On June 30, 2025, the Company announced that it has agreed to acquire Curtis Instruments, Inc. from Rehlko. The pending acquisition of Curtis Instruments, Inc. and prior year acquisitions are discussed in Note 3…

• Rachid BendaliVice President and President – Engineered Materials Group202248

Text added vs the prior filing · source: 10-K · 2026-08-21

• •government import and export controls, embargoes, sanctions or trade restrictions, including possible restrictions on trade and/or obstacles to conducting business in China;

• •difficulties in implementing restructuring actions on a timely basis;

• For example, the global nature of our business and our operations exposes us to political, economic, and other conditions in foreign countries and regions, such as the uncertainty about the future relationship between the U.S. and China, including with respect to trade policies, treaties, government…

• renegotiation of the United States-Mexico-Canada Agreement. Any increased trade barriers or restrictions on global trade, including trade with China or among North American trading partners, could adversely impact our business, results of operations or financial condition.

• We rely extensively on information technology systems to manage and operate our business, some of which are managed or accessible by third parties. The security and functionality of these information technology systems, and the processing of data by these systems, are critical to our business operat…

Text removed vs the prior filing · source: 10-K · 2025-08-22

• Company or that the Company currently believes are immaterial also may impair the Company’s business, financial condition, results of operations and cash flows.

• •government embargoes, sanctions or trade restrictions, including possible further restrictions on trade and/or obstacles to conducting business in China;

• •potentially adverse tax consequences, including any consequences from the One Big Beautiful Bill Act; and

• •difficulties in implementing restructuring actions on a timely basis.

• For example, the global nature of our business and our operations exposes us to political, economic, and other conditions in foreign countries and regions, such as the uncertainty about the future relationship between the U.S. and China, including with respect to trade policies, treaties, government…

Text added vs the prior filing · source: 10-K · 2026-08-21

• Management's Discussion and Analysis of Financial Condition and Results of Operations ("MD&A") is intended to provide a reader of our financial statements with a narrative, from management's perspective, on our financial condition and results of operations. The following discussion and analysis shou…

• •inability to obtain, or meet conditions imposed for, required governmental and regulatory approvals;

• Over the long term, the extent to which our business and results of operations will be impacted by global economic and political uncertainty and geopolitical risks depends on future developments that remain uncertain. In particular, the tariff environment continues to be dynamic. In February 2026, t…

• The following discussion and accompanying table provide an analysis of our operating performance for 2026 and 2025, with selected Consolidated Statements of Income line items expressed as a percentage of revenue to enhance comparability between periods.

• Selling, general and administrative expenses, as a percent of sales16.1 %16.4 %

Text removed vs the prior filing · source: 10-K · 2025-08-22

• Over the long term, the extent to which our business and results of operations will be impacted by global economic and political uncertainty, geopolitical risks and public health crises depends on future developments that remain uncertain. We will continue to monitor the global environment and manag…

• The discussion below is structured to separately discuss the Consolidated Statement of Income, Business Segments, and Liquidity and Capital Resources. The term "year" and references to specific years refer to the applicable fiscal year. Dollars are presented in millions, except per share amounts or …

• The Consolidated Statement of Income summarizes the Company's operating performance. The discussion below compares the operating performance in 2025 and 2024.

• Selling, general and administrative expenses, as a percent of sales16.4 %16.6 %

• Net sales in 2025 decreased from the 2024 amount due to lower sales in the Diversified Industrial Segment, partially offset by higher sales in the Aerospace Systems Segment resulting from strength across commercial and defense markets. Within the Diversified Industrial Segment, the impact of divesti…