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Fortune 500 - Spot Number 298
Company Information
Name: Parker Hannifin Corp
Industry: Misc. Fabricated Products
Description: Parker-Hannifin Corporation is a worldwide full-line manufacturer of motion control products, including fluid power systems,electromechanical controls & related components. In addition to motion control products, the Company also is a worldwide producer of fluid purification, fluid flow, process instrumentation, air conditioning, refrigeration and electromagnetic shielding & thermal management products & designs, & the Company also manufactures custom-engineered buildings.The Company's manufacturing, service, distribution & administrative facilities are located in 38 states, Puerto Rico & worldwide in 44 foreign countries. Parker-Hannifn's motion control technology is used in the products of three principal business segments: Industrial, Aerospace and Other. The products are sold as original and replacement equipment through product & distribution centers worldwide.
Financial Summary: For the three months ended 30 September 2005, Parker- Hannifin Corporation's revenue increased 13% to $2.11B. Net income from continuing operations increased 14% to $143.8M. Revenue reflects the improved performances from all major segments and strong distribution network. Net profit also benefitted from higher operating margin and lower other expenses.The company is also engaged in motion control products and related components.
Business Summary: Parker-Hannifin Corporation is a full-line manufacture of motion control products, including fluid power systems, electrochanical control and related components. Fluid power involves the transfer and control of power through the medium of liquid, gas or air, in hydraulic, pneumatic and vacuum applications. Fluid power systems move and position materials, control machines, vehicles and equipment, and improve industrial efficiency and productivity. Its motion control technology is used in products of its four business segments: Industrial, Aerospace, Climate and Industrial Controls and Other. Through Astron Buildings, it designs and manufactures custom-engineered buildings. It also manufactured and marketed specialty chemical products and maintenance service equipment through the Wynn's Specialty Chemical Group until the Company divested this business in December 2004.
Misc Details
Symbol: PH
City: Cleveland
State: OH
ZIP Code: 44124
Address: 6035 Parkland Boulevard
Phone: 216-896-2495
Fax: 216-514-6738
Website: http://www.parker.com
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