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Article: Parker Hannifin Reports Record Sales, Income From Continuing Operations, and Cash Flow From Operations in Third Quarter.
- Article from:
- PR Newswire
- Article date:
- April 18, 2006
CopyrightCOPYRIGHT 2006 PR Newswire Association LLC. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CLEVELAND, April 18 /PRNewswire-FirstCall/ -- Parker Hannifin Corporation today reported third quarter records in sales and income from continuing operations, and year to date cash flow from operations. For the third quarter of fiscal-year 2006, sales were $2.50 billion, up 18.3 percent, as compared to sales of $2.11 billion from the same period last year. Income from continuing operations in the third quarter of fiscal 2006 was $1.46 per diluted share, compared to $1.16 in the prior year. Cash flow from operations reached $610.0 million or 9 percent of sales, a record for the first nine months, surpassing $498.4 million or 8.5 percent of sales in the same period last ...