Motion and control technology manufacturer Parker Hannifin Corp. (NYSE: PH), Cleveland, OH, reported sales for fiscal year ended June 30 of $12 billion, up 5.9 percent from 2016. Profit was up 21.9 percent to $983.4 million.
Sales for the fourth quarter were $3.5 billion, up 18 percent year-over-year. Profit increased 21.3 percent to $293.3 million. Organic sales increased 6 percent.
North American diversified industrial segment fourth-quarter sales increased 32 percent to $1.7 billion, while international sales in this segment increased 12 percent to $1.2 billion. Aerospace systems segment fourth-quarter sales increased slightly to $602.8 million.
