The 2020 Mid-Year Economic Update_long

Parker Hannifin Sales Flat in 2Q

Profit fell 25.3 percent to $181.1 million.

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.
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.

Subscribe to continue reading

MDM Premium Subscribers get:

  • Unlimited access to MDM.com
  • 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

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

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

1

article
left

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 mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

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

Join other distribution executives who use MDM Premium to optimize their business. Our insights and analysis help you enter the right new markets, turbocharge your sales and marketing efforts, identify business partners that help you scale, and stay ahead of your competitors.