Parker Hannifin Company

Parker-Hannifin operates on a big scale (its motion control equipment helped sink a replica of the Titanic in the Academy Award-winning film.) Parker-Hannifin is a leading global manufacturer of motion and control technologies, including fluid power systems for the manufacturing and processing industries; hydraulic, fuel, pneumatic, and electromechanical systems and components for the aerospace/defense industry; and motion and control systems for the heating, ventilation, air conditioning, and refrigeration (HVACR) and transportation industries.

Operations

Parker-Hannifin is a leading worldwide diversified manufacturer of motion and control technologies and systems. It provides precision engineered technologies, products, and services for a wide variety of mobile, industrial, and aerospace markets.

Its largest division, the Industrial segment, is made up of the Motion Systems, Filtration, Fluid Connectors, Instrumentation, and Engineered Material groups. Sales of Industrial products in North American and international markets are made primarily to original equipment manufacturers (OEMs) and their replacement markets in various sectors within the manufacturing, processing, and transportation industries. They include agriculture, alternative energy, chemical processing, construction machinery, factory automation, food production, life sciences, material handling, paper, robotics, and water, among many others. Parker also targets OEMs and replacement markets in air conditioning, appliances, industrial and commercial refrigeration, industrial machinery, oil and gas, supermarkets, and transportation.

Sales of Aerospace segment products are sold mainly to commercial and military customers in the OEM and maintenance, repair, and overhaul end user markets. They are used in aircraft, engines, missiles, unmanned aerial vehicles, and in power generation applications.

Geographic Reach

The company has facilities throughout the US and in some 45 other countries. Its Industrial International operations provide products and services to customers throughout Europe, Asia/Pacific, Latin America, the Middle East, and Africa.

Read our latest Annual Report here: https://prker.co/2qLMkMW