Parker Hannifin buoyed by rebound in orders

Cleveland, Ohio – Parker Hannifin Corp. has reported an 8% year-on-year increase in net income, to $210.2 million (€193.0 million) for the first quarter (to 30 Sept) of its 2017 fiscal year, on sales of $2.87 billion – 4.5% lower the prior-year first quarter.

“This was another solid quarter for Parker,” chairman and CEO Tom Williams declared on 21 Oct. “Despite a decline in sales, we were able to deliver strong decremental marginal return on sales and segment operating margins of 15.0%, reflecting improved performance in…

To read more,please login or register below.

This is the first step to more free
content, user offers, subscriptions
and more.
Log in here using the Email Address
and Password you signed up with