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The Hope Group owns and operates eight Parker Stores at its branch locations providing "while you wait" replacement of hose assemblies and immediate on-hand access to 3,000 Parker fluid connector parts.

 
 
The Hope Group Home › News From The Hope Group › Parker Reports Record Sales
 
 
 
 
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Parker Reports Record Sales
For Most Recent Fiscal Year

Northborough, MA (08-04-2011) – According to published reports Parker Hannifin reached record sales and profits for the fiscal year just concluded on June 30, 2011. In a statement it released to the press the company claimed total worldwide sales of $12.3 billion, which puts it back to the level of sales it had achieved in 2009. Since then it had declined along with much of the rest of the business world by about 12 to 15 percent. It also reported that profits were over $1 billion this past year, which also set a record.

In its report on August 2, 2011, Zacks Equity Research made the following comments about Parker's results and future outlook:

"Parker Hannifin Corporation released its fourth-quarter fiscal 2011 earnings result before the market opened today, reporting earnings per share of $1.79, slightly below the Zacks Consensus Estimate of $1.80 and above prior-year earnings of $1.35. For full-year fiscal 2011, earnings per share of $6.37, were in line with the Zacks Consensus Estimate. The company achieved record earnings results during the year and also record sales and earnings for the quarter."

Total Revenue

"The company's sales in the reported quarter increased by 22.4 percent year over year to $3.4 billion. Sales for the quarter included a one percent contribution from acquisition and 6 percent from currency effects. Total orders in the quarter increased by 15 percent ."

Income and Expenses

"Net income for the quarter was $294.7 million, an increase of 32.1 percent year over year. Industrial North America operating margin was 16.9 percent and Industrial International margin was 14.7 percent . SG&A expense was $413.4 million in the quarter compared with $349.3 million in the fourth quarter of 2010."

Balance Sheet and Cash Flow

"Cash and cash equivalents was $657.5 million at the end of the quarter with long-term debt of $1.7 billion and shareholder's equity of $5.4 billion. The company generated cash flow from operations of $1.17 billion in fiscal 2011 compared with cash flow from operations of $1.22 billion in the prior-year period."

Outlook

"Parker Hannifin expects fiscal 2012 earnings per share to be in the range of $6.70 to $7.50. The company continues to focus on implementation of Win Strategy, a prime benefactor for Parker. The company aims on providing leading services to its customers, new product developments and system innovations. Acquisitions are also a target for the company for growth. "




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parker-distributor Our Parker Partnership
Goes Back Over 55 Years

Since 1960, The Hope Group has been associated with Parker Hannifin, the world's leading diversified manufacturer of motion and control technologies and systems. Fully 80 percent of the domestic revenue for Parker flows through its Distributor network.


hope-group-headquarters-northborough Our Main Office
is in Northborough, MA

The headquarters of The
Hope Group is located in Northborough MA, at the intersection of I-495 and I-290, only a few miles north of the Massachusetts Turnpike, exit 11. From this convenient location, built to meet its specific design requirements in 1985, the company extends its reach through its eight branch locations in Maine, New Hampshire, Massachusetts, Rhode Island and Connecticut.

 
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