Parker reports growth in fiscal third quarter

Mayfield Heights, Ohio—Parker Hannifin Corp. released its results for the fiscal third quarter of 2017 ending March 31.

Sales increased 10% to $3.12 billion with net income also rising 28% to $238.8 million.

“Accelerated sales growth combined with the benefits of ongoing execution of our Win Strategy initiatives, contributed to another strong quarter for Parker across many measures,” Chairman and CEO Tom Williams said in a statement.

The firm also said that its previously announced acquisition of Clarcor was completed and the integration process has begun. While sales…

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