Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for the first quarter ended Sept. 30, 2011, were $3.2 billion, up 14.3 percent over the prior year quarter. Profit increased 19.7 percent to $298.1 million.
We Deliver Distribution News to Your Inbox Sign up below to receive MDM Update, your free weekly distribution news update by email. |
Organic sales for the motion and control technologies company grew 10 percent.
In the Industrial North America segment, first quarter sales increased 13.1 percent to $1.2 billion, and operating income was $223.2 million compared with $189.4 million in the same period a year ago.
First quarter sales in the Industrial International segment increased 17.9 percent to $1.3 billion, and operating income was $208.2 million compared with $183.8 million in the same period a year ago.
In the Aerospace segment, first quarter sales increased 13.9 percent to $497.5 million, and operating income was $68.6 million compared with $43.8 million in the same period a year ago.
In the Climate and Industrial Controls segment, first quarter sales increased 3.3 percent to $242.5 million, and operating income was $19.8 million compared with $21.6 million in the same period a year ago.