Aug 8 (Reuters) - Parker-Hannifin ( PH ) on Thursday

beat Wall Street's fourth-quarter profit and revenue estimates

on sustained strength in demand for its aircraft systems and

components, sending its shares up 9% premarket.

The company's aerospace systems segment, which serves both

commercial and military manufacturers, saw a 19.2% annual

increase in quarterly sales, driven by robust demand for

original equipment and aftermarket services from related end

markets.

This comes in the backdrop of plane manufacturers and

business jet makers continuing to rack up orders despite ongoing

supply chain issues and delivery delays, on the back of a

post-pandemic travel boom.

This offset the impact of a 4.1% fall in its larger

diversified industrial segment sales due to slowing demand in

North America for Parker's transportation and off-highway

products, softening demand in Europe and a sluggish macro

recovery in China.

Total net sales for the quarter of $5.19 billion came above

analysts' estimates of $5.08 billion, as per LSEG data.

For the quarter ended June 30, the motion and control

systems maker reported a quarterly adjusted profit of $6.77 per

share, compared with estimates of $6.22 per share.

The Cleveland Ohio-based company posted a full-year 2024

adjusted profit of $25.44 per share, and set a 2025 adjusted

profit forecast ranging $26.30 to $27.00 per share.