Parker-Hannifin Corporation (NYSE:PH) Q2 2023 Earnings Call Transcript

Lee Banks: Well, Nathan, it’s Lee. I think the first thing is a lot of our pricing isn’t always price cost neutral. We’re selling — introducing a lot of new products every year. That based on the value delivered to the customers, these are margin accretive. So there’s a big mix about what’s happening. We’ve been through moderate deflationary periods in the past, and we’ve weathered it just fine. And when I talk about one of those operating cadences, when it comes to price cost, that’s just kind of ingrained in all of us here on how we do that. And I think we’ll be okay on the margin front.

Todd Leombruno: All right, everyone. This concludes our FY ’23 Q2 webcast. We do appreciate your time, your questions and of course, your interest in Parker. If anyone needs any clarifications or follow-ups on anything we cover today, Jeff Miller, our Vice President of Investor Relations; and Yan Huo, our Director of Investor Relations, will be available today. So that’s all we have today. Thank you for joining, and have a great day. Thank you.

Operator: This concludes today’s conference call. Thank you all for participating. You may now disconnect, and have a pleasant day.