Parker Reports Increase in Total Orders for October

08.11.2006

Parker Hannifin reported an increase of 6 percent in total orders for the month of October compared to the same month a year ago.

Parker Hannifin reported an increase of 6 percent in total orders for the month of October compared to the same month a year ago.

Orders are calculated as a percentage increase over the prior year using a daily average. The company derives orders from a wide variety of global end markets which the company serves directly and through a network of thousands of distributor locations.

In addition, Parker reported the following orders by operating segment.

  • Orders in the Industrial North America segment were flat versus October a year ago.
  • Orders in the Industrial International segment increased 13 percent over the same month a year ago.
  • Orders in the Aerospace segment increased 10 percent on a rolling 12-month average basis.
  • Orders in the Climate and Industrial Controls segment increased 2 percent over the same month a year ago.

Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future monthly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. All exclude acquisitions until they can be reflected in both the numerator and denominator. Aerospace comparisons are rolling 12-month average computations. The Total Parker orders number is derived from a weighted average of the year-over-year monthly percent change in orders for the Industrial North America, Industrial International, and Climate and Industrial Controls segments, and the year- over-year 12-month rolling average of orders in the Aerospace segment. Comparisons are made using a daily average based on the number of workdays in the respective periods. A varying number of workdays year-over-year could influence the daily averages and could produce a different result than if the comparison was based on total Order dollars for the periods.

About Parker Hannifin

With annual sales exceeding $9 billion, Parker Hannifin Corporation (NYSE: PH) is the world's leading diversified manufacturer of motion and control technologies and systems, providing precision-engineered solutions for a wide variety of commercial, mobile, industrial and aerospace markets. The company employs more than 57,000 people in 46 countries around the world. Parker has increased its annual dividends paid to shareholders for 50 consecutive years, among the top five longest-running dividend-increase records in the S&P 500 index.

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