**Parker-Hannifin reported higher fiscal third-quarter sales but lower net income, while highlighting acquisition benefits, restructuring costs and tariff uncertainty.** Parker-Hannifin Corp. reported results for the three and nine months ended March 31, 2026, showing continued sales growth across its two main segments, Diversified Industrial and Aerospace Systems. For the March quarter, net sales rose to **$5.486 billion** from **$4.960 billion** a year earlier. For the first nine months of fiscal 2026, net sales increased to **$15.744 billion** from **$14.607 billion** in the comparable fiscal 2025 period. The company said the sales increase reflected higher demand in both Aerospace Systems and Diversified Industrial. Currency exchange rates added about **$125 million** to quarterly sales and about **$242 million** to nine-month sales. Parker also cited its acquisition of **Curtis**, which contributed approximately **$76 million** of sales in the quarter and **$161 million** in the first nine months of fiscal 2026. Divestiture activity reduced nine-month sales by approximately **$146 million**. Despite the top-line growth, profitability was mixed. Gross profit margin was essentially flat in the quarter at **36.8%**, compared with **36.9%** a year earlier, and improved for the nine-month period to **37.2%** from **36.7%**. Net income attributable to common shareholders was reported at **$904 million** for the quarter, compared with **$962 million** in the prior-year quarter, and **$2.557 billion** for the nine-month period, compared with **$2.609 billion** a year earlier. Parker noted that its effective tax rate was **19.2%** for the current quarter and **20.7%** for the first nine months of fiscal 2026, and said it expects its full-year fiscal 2026 effective tax rate to be approximately **21%**. Parker’s Diversified Industrial segment posted quarterly sales of **$3.672 billion**, up from **$3.389 billion** a year earlier. Within that segment, North America sales increased to **$2.141 billion** from **$2.031 billion**, while International sales rose to **$1.531 billion** from **$1.358 billion**. Segment operating income increased to **$825 million** from **$779 million**, though the operating margin slipped to **22.6%** from **23.0%** in the prior-year quarter. For the nine-month period, Diversified Industrial sales rose to **$10.583 billion** from **$10.098 billion**, and operating income increased to **$2.438 billion** from **$2.273 billion**. The company said Diversified Industrial growth was supported by stronger demand in markets including in-plant and industrial equipment, aerospace and defense, off-highway, electronics and semiconductor, and HVAC and refrigeration, partly offset by weakness in transportation and certain off-highway markets. Parker’s backlog in the Diversified Industrial segment stood at **$4.065 billion** at March 31, 2026, up from **$3.748 billion** a year earlier and above the June 30, 2025 level of about **$3.7 billion**, with orders exceeding shipments in both North America and International businesses. Restructuring remained a notable item. Parker recorded business realignment and acquisition integration charges of **$17 million** in cost of sales and **$14 million** in selling, general and administrative expenses during the quarter. For the first nine months of fiscal 2026, those charges totaled **.