Parker Hannifin Corp - Company Profile
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Business Description
Parker Hannifin Corp (Parker) manufactures motion and control technologies. Its products find solutions in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration. Some of the major products include electromagnetic interface shielding, structural adhesives, engine filtration solutions, fluid condition monitoring, avionics, fluid conveyance, flight control systems, and fuel tank inerting systems, among others.
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R&D Overview
R&D activities focus on research and development initiatives to enhance its product offerings and maintain a competitive edge in the market. The company's R&D efforts are aimed at driving innovation and improving existing technologies to better serve its diverse customer base across various industries. Additionally, pre-production expenses related to development contracts were US$58 million. In FY2025, the company incurred expenses of US$240 million on R&D, which as a percentage of revenue, stood at 1.2%.
Business Segments
Overview
It sells highly engineered, differentiated airframe and engine components and systems to OEMs; and aftermarket parts and maintenance directly to end users primarily in the commercial aerospace and defense market verticals. The components and systems are utilized across commercial transport, defense fixed-wing, business jets, regional transport, helicopters, and energy applications. Products include avionics; fuel systems & components; electric & hydraulic braking systems; fuel tank inerting systems; electric power systems; hydraulic pumps & motors; electromechanical actuators; hydraulic valves & actuators; engine exhaust systems & components; pneumatics; fire detection & suppression; seals; flight control systems; sensors; fluid conveyance systems; and thermal management systems.
Performance
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Overview
It is an aggregation of several business units and sells highly engineered differentiated products to both original equipment manufacturers (OEMs) and distributors who serve the aftermarket replacement markets. The products find applications in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets. Products include active & passive vibration control; high purity sealing; coatings; high-temperature sealing; cryogenic valves & fittings; hvac/r controls & monitoring; elastomeric, fabric reinforced, metal, & precision cut seals; hydrogen & natural gas filters; electric & hydraulic pumps & motors; industrial air & gas filtration; electric & hydraulic valves; miniature pumps & valves; electromagnetic interface shielding; pneumatic actuators, regulators & valves; electromechanical & hydraulic actuators; power take-offs; electronics, drives & controllers; process filtration solutions; engine filtration solutions; rubber to substrate adhesives; fluid condition monitoring; sensors & diagnostics; fluid conveyance hose & tubing; structural adhesives; high-pressure connectors, fittings, valves & regulators; and thermal management. The products are offered to 40 countries throughout Europe, Asia Pacific, Latin America, the Middle East and Africa.
Performance
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Geographical Segments
Performance
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Performance
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