CLEVELAND, Feb 5, 2002 /PRNewswire-FirstCall via COMTEX/ -- Parker Hannifin
Corporation (NYSE: PH) today reported orders for the month of January 2002 in
the company's industrial and aerospace segments. Orders for the North American
Industrial business decreased 10 percent from the same month last year, while
the Rest-of-World Industrial segment decreased one percent. At Parker Aerospace
orders decreased eight percent.
(Photo: http://www.newscom.com/cgi-bin/prnh/19990816/PHLOGO )
Orders provide near-term perspective on the company's outlook, but 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's
fixed exchange rates. All exclude acquisitions until they can be reflected in
both the numerator and denominator. Industrial comparisons reflect the current
month versus same month in the prior year. Aerospace comparisons are rolling
12-month average computations to mitigate volatility within monthly figures.
Comparative data on current and historical orders is available on the company's
investor information web site, www.phstock.com . To access the information,
click on the "Monthly Orders" link. Parker's investor web site also offers
registration for investors to receive automatic e-mail notification of all
upcoming news, events and information from the company.
With annual sales of $6 billion, Parker Hannifin 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 45,000
people in 45 countries around the world. For more information, visit the
company's web site at www.parker.com , or its investor information site at
Forward-looking statements contained in this and other written and oral reports
are made based on known events and circumstances at the time of release, and as
such, are subject in the future to unforeseen uncertainties and risks. All
statements regarding future performance, events or developments are
forward-looking statements. It is possible that the company's future performance
may differ materially from current expectations expressed in these
forward-looking statements, due to a variety of factors such as changes in:
business relationships with and purchases by or from major customers or
suppliers; competitive market conditions and resulting effects on sales and
pricing; increases in raw-material costs which cannot be recovered in product
pricing; and global economic factors, including currency exchange rates and
difficulties entering new markets.
SOURCE Parker Hannifin Corporation
CONTACT: Media - Lorrie Paul Crum, VP - Corp. Communications,
+1-216-896-2750, or email@example.com, or Financial Analysts - Timothy K.
Pistell, Treasurer, +1-216-896-2130, or firstname.lastname@example.org, both of Parker