Parker Hannifin Corp.
Company Snapshot
Founded: 1917
Entity Type: Public
Employees: 57,950
Region: North America
Revenue: $19,850.0 Millions
Revenue Year: 2024
Headquarter: Cleveland, Ohio, U.S.
Key Geographics: North America, Europe, Asia-Pacific, Latin America
Corporate Address: 6035 Parkland Boulevard, Cleveland, Ohio 44124-4141 U.S. Tel. +1-216-896-2708 www.parker.com
Company Overview
Founded in 1917, Parker Hannifin Corp. is an American multinational corporation that designs, manufactures, and distributes motion and control technologies and systems. The company operates through two reportable segments: diversified industrial and aerospace systems.
- The diversified industrial segment aggregates several business units that provide highly engineered, differentiated products to original equipment manufacturers (OEMs) and distributors in aftermarket replacement markets, serving major verticals such as aerospace & defense, off-highway, in-plant & industrial equipment, energy, transportation, and HVAC & refrigeration.
- The aerospace systems segment focuses on selling advanced airframe and engine components and systems to OEMs and directly to end users in the commercial aerospace and defense markets, covering platforms like commercial and regional transport, defense fixed-wing aircraft, helicopters, and business jets.
The company provides TIMs under its diversified industrial segment. The company’s expertise in thermodynamics and electromagnetic interference (EMI) shielding is combined in the thermal interface materials and solutions.
Financial Highlights (FY 2024)
Net Revenue: ***
Total Current Liabilities: ***
Total Current Assets: ***
R&D expenses: ***
Operating Income: ***
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Parker Hannifin Corp. In News
Company's Business Segments
- Motion Syatems : Hydraulic, Pneumatic, Electromechanical Components and Systems For Builders and Users of Mobile, Industrial Machinery and Equipment
- Flow and Process Control : High-Quality Fluid Conveyance, Flow Control Solutions, Fluid and Gas Handling, Process Control, Climate Controls
- Filtration and Engineered Materials : Filters, Systems and Diagnostics Solutions to Ensure Purity in Critical Process Chemicals to Remove Contaminants From Fuel, Air, Oil, Water and Other Liquids and Gases
- Aerospace System Segment that includes Commercial original equipment manufacturer ("OEM"), Commercial aftermarket, Military OEM, and Military aftermarket : Aftermarket Services, Business and General Aviation, Commercial Transport Aircraft, Engines, Helicopters, Military Aircraft, Regional Transport Aircraft
Applications/End User Industries
- Aerospace
- Electronics
- Semiconductors
- Healthcare
- Life Sciences
- Industrial
- Oil
- Gas
- Power Generation
- Renewable Energy
- Transportation
- Digital
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