parker hannifin 0884_1-16_3

Parker is the world leader in motion and control technologies. It provides precision-engineered solutions for commercial, industrial and aerospace markets. In fiscal year 1999, Parker achieved record sales of $4.96 billion despite softer industrial demand, with strong contributions from its aerospace business and recent acquisitions. Earnings were relatively even with the prior year, and the company exceeded its return-on-sales target for the year. Parker is well positioned for continued global growth through strategic diversification, acquisitions, and expansion into new markets.