Compressed Air Best Practices - November 2008 - (Page 45) Compressed Air Industry STEEL & METALS | 11–12/08 | The intent of this column is to provide industry watchers with publicly held information on publicly held companies involved with the sub-industry of compressed air. It is not the intent of the column to provide any opinions or recommendations related to stock valuations. All information gathered in this column was on October 27, 2008. Cleveland, October 16, 2008 — Parker Hannifin (NYSE: PH) reported record first-quarter sales, net income, earnings per diluted share and cash flow from operations for the quarter ending September 30, 2008. Fiscal 2009 first-quarter sales were $3.1 billion, an increase of 10% from $2.8 billion in the same quarter a year ago. Net income increased 9% to $250.2 million from $229.6 million in the first quarter of fiscal 2008. Earnings per diluted share increased 13.1% to $1.50 compared with $1.33 in last year’s first quarter. Cash flow from operations was $307.3 million, or 10% percent of sales. “Current quarter results reflect our ability to deliver record performance in the face of a rapidly changing economic climate,” said Chairman, CEO and President Don Washkewicz. “We are particularly pleased that we delivered a 4% organic growth rate this quarter. www.airbestpractices com es.com 45 http://www.airbestpractices.com
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