Parker Closes Fiscal Year With Continued Strong Orders

19.07.2006

Parker Hannifin Corporation reported year-over-year increases in orders for the month of June in the company's Industrial, Aerospace, and Climate and Industrial Control segments. Parker derives orders from a wide variety of global end markets ...

... which the company serves directly and through a collaborative network of thousands of distributor locations.

  • Orders for the North American Industrial business increased 7 percent over the same month last year. This increased growth is against increased order rates of 5 percent in 2005, and 24 percent in 2004. Strong orders were driven by distribution and MRO markets.

  • Rest-of-World Industrial orders increased 8 percent, against increased order rates of 7 percent in 2005, and 21 percent in 2004. Europe and Asia continued to be strong, and Latin America showed improvement.

  • Parker Aerospace reported a 15 percent increase in orders on a rolling 12-month basis. Commercial OEM and MRO markets remain strong.
  • In the Climate and Industrial Controls segment, order rates increased 30 percent compared to last year, led by especially strong orders from OEM customers in the month of June.

    For the next fiscal year, the company is investigating moving to report all segment orders on a rolling average basis, similar to the practice currently followed for the Aerospace segment.

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