Parker Hannifin posts sales, earnings boosts in third quarter

CLEVELAND (April 20)–Parker Hannifin Corp. reported fiscal third-quarter income from continuing operations of $142.2 million on sales of $2.14 billion for the period ended March 31, compared to income from continuing operations of $105.7 million on sales of $1.88 billion in the same period last year.

In the current quarter, the company recorded a charge from discontinued operations of $2.8 million, or three cents per diluted share. The charge reflects the ongoing accounting for the sale of the company’s Wynn Oil specialty chemicals business in…

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