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Parker Hannifin Corp. (NYSE: PH), manufacturer in motion and control technologies, reported sales for fiscal 2013 first quarter ended Sept. 30, 2012, were $3.21 billion, down slightly from $3.23 billion in the prior-year quarter.
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Profit was $239.9 million.
"We delivered a solid level of earnings this quarter, in spite of ongoing weakness in international markets and softness in North America," said CEO and Presidet Don Washkewicz.
In the Industrial North America segment, first-quarter sales increased 5.1 percent to $1.27 billion, and operating income was $227.2 million compared with $223.2 million in the same period a year ago.
In the Industrial International segment, first-quarter sales decreased 8.7 percent to $1.18 billion, and operating income was $151.8 million compared with $208.2 million in the same period a year ago.
In the Aerospace segment, first-quarter sales increased 8.8 percent to $541.1 million, and operating income was $61.9 million compared with $68.6 million in the same period a year ago.
In the Climate and Industrial Controls segment, first-quarter sales decreased 4.8 percent to $230.9 million, and operating income was $21.7 million compared with $19.8 million in the same period a year ago.
Parker reported a decrease of 6 percent in orders for the quarter ending Sept. 30, 2012, compared with the same quarter a year ago. The company reported the following orders by operating segment: