Parker Hannifin, Cleveland, OH, reported sales of $2.7 billion for fiscal 2009 second quarter ending Dec. 31, 2008, a decline of 5% from the same quarter a year ago. Profit declined 26.7% to $155.4 million.
"Current quarter results reflect the fact that the global recession has deepened and widened in recent months and creates some uncertainty for the remainder of our fiscal year and throughout calendar 2009," said Don Washkewicz, president and CEO.
Segment Results
In the Industrial North America segment, second-quarter sales increased slightly to $993 million, and operating income declined 24% to $107.6 million, compared with the same period a year ago.
In the Industrial International segment, second-quarter sales declined …
Parker Hannifin 2Q Sales, Profit Down
Parker Hannifin, Cleveland, OH, reported sales of $2.7 billion for fiscal 2009 second quarter ending Dec. 31, 2008, a decline of 5% from the same quarter a year ago. Profit declined 26.7% to $155.4 million.
"Current quarter results reflect the fact that the global recession has deepened and widened in recent months and creates some uncertainty for the remainder of our fiscal year and throughout calendar 2009," said Don Washkewicz, president and CEO.
Segment Results
In the Industrial North America segment, second-quarter sales increased slightly to $993 million, and operating income declined 24% to $107.6 million, compared with the same period a year ago.
In the Industrial International segment, second-quarter sales declined …
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