Parker Hannifin Posts Monthly Orders Trend

Apr 04, 2001, 01:00 ET from Parker Hannifin Corporation

    CLEVELAND, April 4 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:   PH)
 today reported orders for the month of March in the company's industrial and
 aerospace segments.  Orders for the North American Industrial business
 decreased 31 percent from the same month last year, while the Rest-of-World
 Industrial segment decreased 1 percent.  At Parker Aerospace, orders were
 19 percent higher than last year.
     (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 46 countries around the world. For more information, visit
 the company's web site at www.parker.com , or its investor information site at
 www.phstock.com .
 
     Forward-Looking Statements:
     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
    CLEVELAND, April 4 /PRNewswire/ -- Parker Hannifin Corporation (NYSE:   PH)
 today reported orders for the month of March in the company's industrial and
 aerospace segments.  Orders for the North American Industrial business
 decreased 31 percent from the same month last year, while the Rest-of-World
 Industrial segment decreased 1 percent.  At Parker Aerospace, orders were
 19 percent higher than last year.
     (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 46 countries around the world. For more information, visit
 the company's web site at www.parker.com , or its investor information site at
 www.phstock.com .
 
     Forward-Looking Statements:
     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