Parker hits record sales and earnings
Parker Hannifin Corporation reported fiscal 2012 second quarter sales rose 8.4 percent to $3.1 billion, compared to $2.9 billion in the prior year quarter.
Net income increased 4.5 percent to $242.3 million, compared with $231.8 million in the second quarter of fiscal 2011. The sales and earnings amounts were record numbers for the second quarter.
"We are pleased to deliver strong organic growth and second quarter record sales, net income and earnings," said chairman, CEO and president, Don Washkewicz. He said the growth was driven substantially by organic increases.
In the Industrial North America segment, second quarter sales increased 13.2 percent to $1.2 billion, and operating income was $195.7 million compared with $159.4 million in the same period a year ago.
In the Industrial International segment, second quarter sales increased 6.2 percent to $1.2 billion, and operating income was $165.9 million compared with $167.8 million in the same period a year ago.
In the Aerospace segment, second quarter sales increased 8.0 percent to $496.5 million, and operating income was $70.3 million compared with $63.6 million in the same period a year ago.
In the Climate and Industrial Controls segment, second quarter sales declined 2.9 percent to $208.2 million, and operating income was $9.8 million compared with $9.5 million in the same period a year ago.
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
