Parker Hannifin reports record year-end sales, earnings

From Rubber & Plastics News
Cleveland, Ohio-Parker Hannifin Corp. posted new records in sales, earnings and cash flow from operations for fiscal-year 2005, which ended 30 June.

For the year, Cleveland-based Parker´s revenues reached a record $8200 million (Euro 6710 million) a rise of 17.4 percent from fiscal 2004. The company reported income from continuing operations of $548 million, up 63 percent from the same period of 2004.

In the fourth quarter, the firm had net sales of $2200 million, a 12.5-percent increase over the same period…

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