IN FOCUS

Parker Hannifin Corporation reported that earnings for the quarter ended March 31 will be significantly higher than previously forecast, at around 80 cents per diluted share, excluding any one-time benefits from discrete tax initiatives.

Parker Hannifin Corporation reported orders for the month of March in the company’s industrial and aerospace segments. Orders for the North American Industrial businesses increased 24 percent over the same month last year, while Rest-of- World Industrial orders increased 16 percent.

International Rig Count Up 1% From February 2004; Up 7% From One Year Ago; Worldwide Rig Count Down 3% From February 2004; Up 12% From One Year Ago.

Parker Hannifin Corporation will release third quarter fiscal year 2004 earnings before the market opens on Monday, April 19, 2004, followed by its quarterly conference call at 10:00 a.m. EDT.

• Sales and earnings decline
• Cash flow kept at a high level of € 28,7 Mio
• Acquisition of HOH strengthens European market leadership

Eaton Corporation will host a conference call on Wednesday, April 14, 2004 beginning at 10 a.m. EDT.

Flowserve Corp. today said it is still in the process of preparing to file its Form 10-K with the Securities and Exchange Commission due to the length of time needed to complete its financial statements and the audit of its 2003 results. The company now estimates that this filing will occur around mid-April.

Dover Corporation announced that it will release first quarter 2004 earnings after the close of business on Monday, April 19, 2004.

Gardner Denver, Inc. announced the completion of its public offering of 3,450,000 shares of its common stock, which included the exercise in full of the underwriters’ option to purchase 450,000 shares of common stock to cover over- allotments.

Roper Industries, Inc. announced that its financial results for the first quarter of 2004, ended March 31, 2004, will be released after the market closes on Wednesday, April 28, 2004.