CLEVELAND (Aug. 1)—Parker Hannifin Corp. posted net income of $113 million on sales of $1.48 billion for its fiscal fourth quarer ended June 30. That compares to net income of $92.34 million on sales of $1.29 billion in the same quarter of 1999. Five acquisitions during the year in the automotive, semiconductor and industrial products markets bolstered fourth quarter profit by 22 percent, Parker said.
Parker Hannifin posts strong fourth-quarter sales, income
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