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Parker Hannifin sees strong MRO market

Cleveland, OH -- Parker Hannifin Corp. reports that orders for its North American Industrial business increased 11%...


Cleveland, OH — Parker Hannifin Corp. reports that orders for its North American Industrial business increased 11% in January 2006 over the same month last year. Orders were strong across most industrial markets, including distribution, mining, oil and gas, and construction, the company said.

Rest-of-World Industrial orders decreased 1%, against a very strong comparison one year ago. The commercial OEM and MRO markets are strong.

In the Climate and Industrial Controls segment, order rates increased 8% compared to last year.

Comparative data on current and historical orders is available on the company’s investor information web site, http://www.phstock.com.

With annual sales exceeding $8 billion, Parker Hannifin is the world’s leading diversified manufacturer of motion and control technologies and systems. The company employs more than 50,000 people in 46 countries around the world. For more information, visit the company’s web site at http://www.parker.com.