Parker-Hannifin (PH) Tops Q2 EPS; Maintains Outlook
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Parker Reports Fiscal 2016 Second Quarter Results
January 26, 2016 7:30 AM ESTSecond quarter EPS $1.33 as reported, or $1.52 adjusted for business realignmentSales decreased 14% with 4% due to currency, 10% organicSimplification and restructuring efforts generated impressive decremental marginal return on sales of 23.2% as reported, 17.2% adjusted Company maintains fiscal 2016 full-year adjusted earnings guidance
CLEVELAND, Jan. 26, 2016 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2016 second quarter ended December 31, 2015. Fiscal 2016 second quarter sales were $2.71 billion, compared with $3.13 billion in the prior year quarter. Net income was $183.1... More
