Profile: Parker Hannifin Corp (PH.N)

PH.N on New York Stock Exchange

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Parker-Hannifin Corporation (Parker), incorporated December 30, 1938, is a manufacturer of motion and control technologies and systems, including fluid power systems, electromechanical controls and related components. In addition to motion and control products, the Company also is a worldwide producer of fluid purification, fluid and fuel control, process instrumentation, air conditioning, refrigeration, electromagnetic shielding and thermal management products and systems. The Company’s manufacturing, service, distribution and administrative facilities are located in 38 states and in 47 other countries. The Company’s technologies and systems are used throughout various industries and in various applications. The Company’s technologies and systems are used in the products of its three principal business segments: Industrial; Aerospace; and Climate & Industrial Controls. The products are sold as original and replacement equipment through product and distribution centers worldwide. In July 2011, the Company acquired SSD Korea Co, Ltd. In July 2012, the Company acquired Olaer Group. In July 2012, the Company acquired the filtration business of John Fowler (India) Private Limited. In July 2012, the Company acquired the hydraulics manufacturing division of PIX Transmissions Ltd. In July 2012, it acquired Kittiwake Developments Limited. In November 2012, The Sterling Group sold Velcon Filters, LLC to the Company.

Industrial Segment

The products produced by the Company’s Industrial Segment consist of a range of technologies and systems. The automation group consists of pneumatic and electromechanical components and systems, including air preparation units; pneumatic accessories; pneumatic actuators and grippers; pneumatic valves and controls; structural extrusions; vacuum generators, cups and sensors; alternate current (AC)/direct current (DC) drives and systems; electric actuators, gantry robots and slides; human-machine interfaces; manifolds; rotary actuators, and stepper motors, servo motors, drives and controls. The filtration group consists of filters, systems and instruments to monitor and remove contaminants from fuel, air, oil, water and other liquids and gases, including analytical gas generators; compressed air and gas filters and dryers; condition monitoring devices; engine air, fuel and oil filtration and systems; hydraulic, lubrication and coolant filters; nitrogen, hydrogen and zero air generators; process, chemical, water and microfiltration filters, and water desalinization and purification.

The fluid connectors group consists of connectors, which control, transmit and contain fluid, including connectors for low pressure fluid conveyance; deep sea umbilicals; diagnostic equipment; hose couplings; industrial hose; mooring systems and power cables; polytetrafluoroethylene (PTFE) hose and tubing; quick couplings; check valves; rubber and thermoplastic hose; tube fittings and adapters, and tubing and plastic fittings. The hydraulics group consists of hydraulic components and systems for builders and users of industrial and mobile machinery and equipment, including accumulators, cartridge valves, human machine interfaces, hydraulic transmissions, hydraulic cylinders, hydraulic motors and pumps, hydraulic systems, hydraulic valves and controls, hydrostatic steering units, integrated hydraulic circuits, power take-off equipment, power units, rotary actuators and sensors.

The instrumentation group consists of critical flow components for process instrumentation, healthcare and ultra-high-purity applications, including analytical sample conditioning products and systems; chemical injection fittings and valves; fluoropolymer chemical delivery fittings, valves and pumps; high-purity gas delivery fittings, valves, regulators and digital flow controllers; process control fittings, valves, regulators and manifold valves; process control double block and bleeds; permanent no-weld tube fittings; precision industrial regulators and flow controllers, and industrial mass flow meters/controllers. The seal group consists of static and dynamic sealing devices, including dynamic seals, elastomeric o-rings, electromagnetic interference shielding, extruded and precision-cut fabricated elastomeric seals, high-temperature metal seals, homogeneous and inserted elastomeric shapes, medical devices, medical seals and instruments, metal and plastic retained composite seals, and thermal management products.

The Company competes with SMC Corporation, Freudenberg-NOK, Festo AG, Bosch Rexroth AG, Swagelok Company, Pall Corporation, Donaldson Company, Inc. and Eaton Corporation.

Aerospace Segment

The principal products of the Company’s Aerospace Segment include flight control, hydraulic, fuel, fluid conveyance, and engine systems and components used on commercial and military airframe and engine programs. The Aerospace Segment offers primary and secondary flight control systems and components, including hydraulic, electrohydraulic, electric backup hydraulic, electrohydrostatic, and electromechanical components used for precise control of aircraft rudders, elevators, ailerons and other aerodynamic control surfaces. The Aerospace Segment also offers complete hydraulic systems and components, including accumulators, automatic bleed valves, electrohydraulic servo valves, electronic controllers and software, engine-driven pumps, filtration manifolds, hydraulic power packs, integration packages, motor pumps, power transfer units, reservoirs, selector valves, thrust-reverser systems, utility actuators.

The Aerospace Segment also designs and manufactures aircraft wheels, brakes and associated hydraulics components for general aviation, rotorcraft and military markets. The Aerospace Segment’s fuel product line offers complete fuel systems and components, including fuel tank inerting systems; refuel, transfer, and pressurization controls; in-flight refueling systems; fuel pumps and valves; fuel measurement and management systems; fuel and pneumatic filtration; fluid conveyance equipment; center of gravity controls; engine fuel injection atomization nozzles, manifolds and augmentor controls; electronic monitoring computers and controllers; lightning-safe flame arresters, fuel caps, and adapters, and water and waste subsystems. The Aerospace Segment offers fluid conveyance systems and components, including rubber, metal, and PTFE hose assemblies; rigid tube assemblies; couplings, quick disconnects, fittings, joints, and unions, and valves and regulators.

The Aerospace Segment also produces various engine systems and components, including pneumatic subsystems; low-pressure pneumatic controls; engine starter systems; fuel valves and manifolds; oil and lubrication pumps and equipment; heat management; engine bleed control and anti-ice systems; electronic control and monitoring computers; motor-driven and hydraulic pumps; fuel and pneumatic filtration; fluid conveyance systems and engine build units, and thrust reverser actuation. The Aerospace Segment also offers electronics thermal management heat rejection systems and single-phase and two-phase heat collection systems for radar, ISAR and power electronics.

The Company competes with Aerospace Segment products include Honeywell Inc., Goodrich Corporation, Hamilton Sundstrand, GE Aviation, Eaton Corporation, Moog Inc., Woodward Governor Company and Zodiac Aerospace SA.

Climate & Industrial Controls Segment

The principal products of the Company’s Climate & Industrial Controls Segment consist of systems and components for use primarily in the mobile and stationary refrigeration and air conditioning industry, and systems and components for use in fluid control applications in a variety of industries, including processing, fuel dispensing, beverage dispensing and mobile emissions. These products include accumulators, carbon dioxide controls, electronic controllers, filter driers, hand shut-off valves, heat exchangers, hose and fittings, pressure regulating valves, refrigerant distributors, safety relief valves, solenoid valves and thermostatic expansion valves.

The Company competes with Danfoss A/S, Emerson Climate Technologies, Emerson/ASCO, Hutchinson SA, TI Automotive Ltd. and Visteon Corporation.

Company Address

Parker Hannifin Corp

6035 Parkland Boulevard
CLEVELAND   OH   44124-4141
P: +1216.8963000
F: +1216.8964000

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