Cleveland, OH — Parker Hannifin Corporation, a supplier of motion and control technologies, has reported results for its fiscal 2012 fourth quarter and year ended June 30, 2012. Fiscal 2012 sales were a record at $13.1 billion, an increase of 6.5% from $12.3 billion in the prior year.
Net income for the year was also a record at $1.2 billion, an increase of 9.3% compared with $1.1 billion in fiscal 2011. Fiscal 2012 earnings per diluted share were a record at $7.45, an increase of 17.0% compared with $6.37 in the previous year. Cash flow from operations for fiscal 2012 was $1.5 billion, or 11.6% of sales, compared with cash flow from operations of $1.2 billion, or 9.5% of sales, in the prior year period. Cash flow from operations in fiscal 2011 included a discretionary contribution to the company’s pension plan of $400 million.