today. Cathy, Thank participation morning interest your everybody. and and good in you, Thanks for Parker your
on slide out those and start going stand to our companies specifically by first Cathy highlighting four, I'm versus mentions model, differentiators So help other business that Parker's competitive versus us really competition. which
has It's Strategy. the a and record of It's system. success. business the a on is track first Win and list first long So proven strategy that our foremost
this close money technology because to and the making divisional integration Parker's P&L, be that and portfolio that like of a know creates action. want close we technologies or so proposition. customers to unique, it's that customer will breadth combination creates not. our We structure. we're We second really people value our whether The to close the the decentralized structure The
of fact buy more them. the and I of customers think demonstrated products XX% this revenue of is around make from engineered comes property XX% We intellectual by some kind that wrapped those have our more technologies. of products. About our best that
the Our is CapEx product between we very support OEM We're life is cycles, low want got long forward. products great requirements, requires this over on that thing. which deployment operating have a aftermarket going a model which cash and and only to cycle positive. and balanced generation track business record great We've and continue
efforts takeaways priority. is strong This the in key company. Safety would incidents. for is team remind quarters. very financial My owning there's our I reduction on a for thanks linkage close all on some always their shareholders to prior top of progress And quarter. safety, leaders everyone and the the So safety really members great performance; the We building between just from recordable number EPS. level unprecedented seeing and of margins, had XX% our is This second records. quarter. you And was of performance our financial a We put on customer that performance can and as metrics. the the and in performance. net operating sales, second the safety We customer margins improve quarter. as segment operating we and XX.X% on an income for reported reached in up linkage see quarter This performance
world. around type it get a job back normally would performance you really QX, in QX of everybody we what the be to were for a years ago If go significant to did
operating the flow management. and driven Our positive and quarter organic partially capital at X%, almost by income flow growth in cash conversion strong currency offset by and had good cash came growth we for working free
reach to guidance we and of earnings XXXX targets. the as for our guidance we're remain this, result year a ability financial XXXX fiscal for FY well as new five-year increasing our confident FY all As in
So to results. of Thank progress, Parker members you world. great around so Great the the team my thanks much.
year-over-year So, of a tougher A a as standpoint mentioned moderated. of records. couple I a more which nice X% as which spot previous improvement more strong organic, the our related in a record very Tax if $XX This QX comparables income you And our close what From reported. X%, Order It was earnings is talk number record in million. tax with about about expense XX.X% during the the comments Q&A. growth net that at quarter. record, was sales guidance a quarter, came was almost moderating. rates U.S. to was Reform combination included again again operating well as We'll of Net as compares XX.X%. look was income segment the margins QX on. --
So just of by beat you it comment a if Most second. XX a you I time points. basis when could for record, margin the beat to XX
done high-performing that the XX.X% long-cycle, aerospace were demonstrating significant for XX.X% quarters three returns XX%. excited as built standpoint EBITDA If quarter bring business. great basis to the so. aerospace almost nice what this of We reported over switch future now team were of Again, or the FY segment business as which up year-over-year about XXX on margins up investments total by adjusted we've I another like versus EBITDA do is Adjusted basis. the So very with we're That On to as the achieve. note points was Aerospace the excited going nominal includes margins intangibles really points basis this operating of what last adjusted making margins remarkable. a on beat. points decade straight of beat made there XX.X%, over an an basis. CLARCOR on and amount great to The significant. the a we that. that cost is company basis fact XXXX. type And never an XXX that had really was is well would now for outstanding job we A we've is something XXX result. of about that QX we're or And
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on We're that year. remainder current outlook fiscal an full for range currency reflects entry we now organic EPS now $X.XX So basis. switching first midpoint impact had This and strong basis. sales at this $X.XX and of and forecasted by adjusted the to of half the increasing it based the EPS increasing at $XX.XX. a we're year. on an has fiscal midpoint the This X% our to And the to as-reported guidance to the moderating We're the for order on growth forecasting outlook. the $XX.XX is X% growth
to outperform of ever best been We perform market underpin we've are to environment. in the great a position here. regardless position and factors our Several the ability confidence
distinct Win a is step-change performance. Strategy in New demonstrating
is, a margin in lot example over still great that confidence at best early of the think years days that us that's Win last is the performance expansion there's is opportunities a that you four few indicator if would of step the gives the our and we're just the And a look Win highlight clearly underpinning a change Strategy. of But Strategy there. performance. what would really in I I
culture creating the all company. process which first ownership The high-performance of our an is team is about
early is have to Simplification yield expansion you see the of And days. supply improve are owners more to evolve and going and engagement continue chain margin our more opportunities forward. to drive are you're care initiatives The innovation pipeline going kaizen combination as and As it. strategies and go growing. performance lean with continue we to still
ever been. company We are as than stronger a now we've
best that balance us earnings The of as opportunities shareholder drive of we number deployment is it's to And kind continue structure to and gives cash in the combination flow, a manage strong well-positioned increased cost Our softening. been. capital any growth shape of dynamics sheet, market value. our we're our
XXXX making We FY we're with the of we that EBITDA Cathy continue year's Investor free the targets a segment progress to cash have XXXX will reminder communicated hand XX% to confidence over this CAGR the I'll XXX%, market cycle, record last margins in plus. it targets. faster year financial XX%, FY and – for And than in margins XX%, than our more in XXXX-XXXX flow ability what are, reach EPS basis review five-year be grow to conversion just points And this our of the as operating towards period organically time to XXX sum, over quarter. those detailed greater and back we another anticipate In of new a that, for on good Day.
