Parker Hannifin Corp (Parker) is a manufacturer of motion and control technologies and systems. The company offers critical motion and control solutions, including fluid power systems, electromechanical controls and related components. Its products find use in various industries and applications, including food production machinery, alternative energy, life sciences and medical, oil and gas, power generation, industrial machinery, agriculture, construction machinery, marine, mining, chemical and refining, telecommunications, aerospace, industrial and commercial refrigeration, and transportation, among others. The company has manufacturing facilities and sales subsidiaries in the Americas, Europe, Asia-Pacific, the Middle East and Africa. Parker is headquartered in Cleveland, Ohio, the US.
Headquarters
United States of America
Address
6035 Parkland Boulevard, Cleveland, Ohio, 44124-4141
Telephone
1 216 8963000
No of Employees
55,090
Industry
Industrial Goods and Machinery
Ticker Symbol & Exchange
PH (NYSE)
Revenue (2023)
$15.9B
4.8%
(2023 vs 2022)
EPS
XXX
Net Income (2023)
XXX
45.3%
(2023 vs 2022)
Market Cap*
$43.3B
Net Profit Margin (2022)
XXX
38.6%
(2023 vs 2022)
* As of and is in US$
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Products and Services
| Products | Services |
|---|---|
| Aerospace Systems and Technologies | Consulting Services |
| Air Preparation (FRL) and Dryers | Custom Manufacturing |
| Cylinders and Actuators | Testing Services |
| XXX | XXX |
| XXX | XXX |
| XXX | XXX |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2022 | New Products/Services | In October, the company announced the launch of iPRESS, a long-range wireless tire pressure gauge for aviation. |
| 2022 | Contracts/Agreements | In September, Parker Aerospace was selected by Boeing to supply its AP15V engine-driven pump (EDP) for the hydraulic system of the B-52H Stratofortress. |
| 2022 | Acquisitions/Mergers/Takeovers | In September, the company completed the acquisition of Meggitt Plc, an aerospace company for approximately GBP6.3 billion. |
Competitor Comparison
| Key Parameters | Parker Hannifin Corp | Raytheon Technologies Corp | Danaher Corp | Eaton Corporation Plc | Safran SA |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | Ireland | France |
| City | Cleveland | Waltham | Washington | Dublin | Paris |
| State/Province | Ohio | Massachusetts | WashingtonD.C. | - | - |
| No. of Employees | 55,090 | 174,000 | 78,000 | 85,947 | 76,765 |
| Entity Type | Public | Public | Public | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Thomas L. Williams | Chairman | Executive Board | - | - |
| Jennifer A. Parmentier | Chief Executive Officer | Senior Management | - | - |
| Todd M. Leombruno | Chief Financial Officer; Executive Vice President | Senior Management | 2017 | 52 |
| Andrew D. Ross | Chief Operating Officer | Senior Management | 2023 | - |
| Mark T. Czaja | Chief Technology and Innovation Officer; Vice President - Technology and Innovation | Senior Management | 2021 | 60 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XX |
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