Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for the second quarter ended Dec. 31, 2012, of $3.07 billion, essentially flat compared with the prior-year quarter. Profit fell 25.3 percent to $181.1 million.
In Industrial North America, second quarter sales increased 1.2 percent to $1.2 billion.
In Industrial International, second quarter sales decreased 4.1 percent to $1.17 billion.
In Aerospace, second quarter sales increased 6.5 percent to $528.7 million.
In Climate and Industrial Controls, second quarter sales decreased 18.3 percent to $170.2 million.
Parker reported a decrease of 2 percent in orders for the quarter compared with the same quarter a year ago. The company reported the following orders:
- Orders declined 6 percent in Industrial North America compared with the same quarter a year ago.
- Orders declined 5 percent in Industrial International compared with the same quarter a year ago.
- Orders increased 14 percent in Aerospace on a rolling 12-month average basis.
- Orders increased 1 percent in Climate and Industrial Controls compared with the same quarter a year ago.
