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Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for the fiscal first quarter of $3.4 billion, up 22.6 percent year-over-year. Profit increased 35.8 percent to $285.4 million.
North American diversified industrial segment first-quarter sales increased 36.7 percent to $1.6 billion, while international sales in this segment increased 22.1 percent to $1.2 billion. Aerospace systems segment sales decreased 5.3 percent to $531.2 million.