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|Clarification of Outlook Table Referenced in Parker Hannifin Corporation's Fourth Quarter Earnings Announcement|
CLEVELAND, July 29 /PRNewswire-FirstCall/ -- Clarification notes outlook and assumptions for full year and earnings outlook for the next quarter.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO ) Outlook: Parker Hannifin Corporation (NYSE: PH) Segments: Sales Growth vs. FY 2003 - Full Year - Industrial North America 2.0% to 5.0% - Industrial ROW 5.0% to 8.0% - Aerospace -8.0% to -5.0% - Climate & Industrial Controls -3.0% to 0.0% - Other 2.0% to 5.0% Segments: Operating Income Change vs. FY 2003 - Full Year - Industrial North America 20.0% to 30.0% - Industrial ROW 20.0% to 30.0% - Aerospace -30.0% to -15.0% - Climate & Industrial Controls 0.0% to 10.0% - Other 10.0% to 20.0% Assumptions - Full Year - Corporate Admin. + or - 5% vs. FY 2003 - Interest Expense + or - 5% vs. FY 2003 - Other same as FY 2003 - Tax Rate 34.5% Earnings - Fiscal Q1 vs. Last Year
Earnings per diluted share are expected to be 20% to 30% below the first quarter of FY 2003
SOURCE Parker Hannifin Corporation
CONTACT: Media, Lorrie Paul Crum, VP - Corp. Communications, +1-216-896-2750, or After hours, +1-330-666-4196, or email@example.com, or Financial Analysts, Pamela Huggins, VP & Treasurer, +1-216-896-2240, or firstname.lastname@example.org, both of Parker Hannifin