The 2020 Mid-Year Economic Update_long

Parker Hannifin Sales Down 6% in 3Q

Year-to-date sales down 1.3 percent year-over-year.

Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for the fiscal third quarter ended March 31 of $3.2 billion, down 6 percent year-over-year. Profit increased 18 percent to $285.5 million.

"We performed well in the face of an increasingly challenging macro-economic environment, including weakness in key end markets, as well as the significant strengthening of the U.S. dollar," said CEO Tom Williams. "Segment operating margins were 14.2 percent, reflecting the benefits of our restructuring activities and the adaptability of our businesses to changing market conditions."

North American diversified industrial segment third quarter sales decreased 1 percent to $1.4 billion, while international sales in this segment decreased 15 percent to $1.2 billion.

Aerospace systems segment third quarter sales increased 5 percent to $572.4 million.

For the first nine months of the fiscal year, sales were $9.6 billion, down 1.3 percent over the prior-year period. Profit increased 12.5 percent to $832.7 million.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.


articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events


articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events



You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.