News Release
 |
 View printer-friendly version |
| << Back |
| 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 lcrum@parker.com, or Financial Analysts, Pamela Huggins, VP & Treasurer, +1-216-896-2240, or phuggins@parker.com, both of Parker Hannifin |
