The 2020 Mid-Year Economic Update_long

Parker Hannifin Sales Down 4.4% in Fiscal 1Q

Profit increased 8 percent in fiscal first quarter.

Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for the fiscal first quarter of $2.7 billion, down 4.4 percent year-over-year. Profit increased 8 percent to $210.1 million.

North American diversified industrial segment first-quarter sales decreased 9 percent to $1.2 billion, while international sales in this segment decreased 2 percent to $1 billion. Aerospace systems segment sales increased 3 percent to $561.2 million.

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