CLEVELAND (Jan. 19) — Parker Hannifin Corp. reported a record in sales, as well as in income from continuing operations and cash flow from operations, during the second quarter ended Dec. 31.
The Cleveland-based company posted sales of $2.2 billion, up 13 percent from the like period in 2004. Income from continuing operations in the quarter was $129 million, or $1.07 per diluted share, compared to $110.4 million, or 91 cents per diluted share, in the prior year.
"The strong sales and income growth over last year´s record second quarter results keeps us solidly on track for another record year in fiscal 2006," said Don Washkewicz, Parker chairman and CEO.
Through six months of fiscal 2006, the company posted net sales of $4.27 billion, up from $3.78 billion the year before. Income from continuing operations was $272.9 million, or $2.27 per diluted share, compared to $236.4 million, or $1.96, in the year-earlier period.
Parker´s rubber and elastomeric products include insulators, seals, gaskets, O-rings, spacers and washers, bushings, conductive extrusions, custom molded rubber shapes, hose products, and molded assemblies.