Parker-Hannifin (PH) Tops Q3 EPS by 7c; Lifts Outlook
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Parker Reports Fiscal 2016 Third Quarter Results
April 26, 2016 7:30 AM EDTEarnings per diluted share $1.37 as reported, or $1.51 adjusted for realignment expensesImpressive decremental margins of 17.0% as reported, 11.8% adjusted, reflect business restructuring and Simplification actions Segment operating margins 13.8% as reported, or 14.7% adjusted Company increases full year fiscal 2016 guidance
CLEVELAND, April 26, 2016 (GLOBE NEWSWIRE) -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today announced results for the fiscal 2016 third quarter ended March 31, 2016. Fiscal 2016 third quarter sales decreased 11% to $2.83 billion compared with $3.16 billion in the same quarter a year ago.  Fiscal 2016 third... More
