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Market Watch (Free subscription) | 10/20/2009
NEW YORK (MarketWatch) -- Parker Hannifin Corp. [s ph] said Tuesday that first-quarter earnings were $73 million, or 45 cents a share, compared to $250 million, or $1.50 a share, in the same period a year ago. Sales fell 27% to $2.2 billion, compared to $3.1 billion a year earlier. Analysts polled by FactSet Research estimated, on average, earnings per share of 17 cents and sales of...
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SeekingAlpha.com (Free subscription) | 10/19/2009
Parker-Hannifin Corp. ( PH ) is expected to report Q1 earnings on Tuesday, October 20 before the market open with a conference call scheduled for 10 am ET. Guidance Analysts are looking for EPS of 17c on revenue of $2.17B. The consensus range is 9c-28c for EPS, and $2.05B-$2.45B for revenue, according to First Call. When the company reported its Q4 earnings it announced that it expects...
3Vote!
voluntaryXchange (Free subscription) | 11/04/2009
Here’s a great article for Managerial Economics classes. Parker Hannifin Corp. makes and sells 800,000 different parts, and traditionally priced them based on mark-up over average cost. They switched to a system where the mark-up was based on demand elasticity,...
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Environmental Leader (Free subscription) | 10/22/2009
Using trucks where the engine has no direct physical link to the wheels, UPS is testing a new hydraulic hybrid system for some of its trucks. The trucks use a Freightliner custom chassis and hydraulic hybrid system from Parker Hannifin Corp. Financing for the trucks has been made possible by the Department of Energy’s Clean Cities [...]
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Law Blog - WSJ.com (Free subscription) | 10/21/2009
Reporting on results for the latest quarter, bulldozer maker Caterpillar Inc. and hydraulic-parts maker Parker Hannifin Corp. on Tuesday joined a chorus of companies that are saying the worst of the recession is past and customers are buying anew rather than simply drawing down inventories.