Parker Hannifin Reports Fiscal 2009 Full Year and Fourth Quarter Sales
Monday, August 3, 2009
Parker
Hannifin Corp. reported results for the fourth quarter and fiscal year ending
June 30, 2009. Fiscal 2009 sales were $10.3 billion, a decline of 15.1 percent
from $12.1 billion in the previous year. Fiscal 2009 net income declined 46.4
percent to $508.5 million, from $949.5 million in fiscal 2008. Earnings per
diluted share declined 43.4 percent to $3.13, compared with $5.53 in the
previous year. Cash flow from operations for fiscal 2009 was $1.1 billion, or
11.0 percent of sales, compared with $1.3 billion, or 10.8 percent of sales in
the prior year.
In the
Climate & Industrial Controls segment, fourth-quarter sales declined 34.6
percent to $189.2 million, and the segment recorded an operating profit of $0.9
million, compared with an operating profit of $20.3 million in the same period
a year ago. For the full year, Climate & Industrial Controls sales
decreased 24.4 percent to $795.3 million, and the segment reported an operating
loss of $3.7 million, compared with an operating profit of $59.5 million in
fiscal 2008. More…
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