Parker-Hannifin Corporation updated earnings guidance for the fourth quarter and fiscal year ending June 30, 2022. 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. Guidance assumes organic sales growth of approximately 11% compared with the prior year.

For the quarter, COVID-19 related shutdowns in China are estimated to reduce sales by $100 million and EPS by $0.24 in the fourth quarter.