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.
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