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News

Parker Hanninfin Reports 6% Increase In Total Orders


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Parker Hannifin
: 04 January, 2007  (New Product)
Parker Hannifin Corporation reported an increase of 6 percent in total orders for the month of December compared to the same month a year ago. Orders are calculated as a percentage increase over the prior year using a daily average. The company derives orders from a wide variety of global end markets which the company serves directly and through a network of thousands of distributor locations.
Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future monthly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. All exclude acquisitions until they can be reflected in both the numerator and denominator. Aerospace comparisons are rolling 12-month average computations. The Total Parker orders number is derived from a weighted average of the year-over-year monthly percent change in orders for the Industrial North America, Industrial International, and Climate and Industrial Controls segments, and the year- over-year 12-month rolling average of orders in the Aerospace segment. Comparisons are made using a daily average based on the number of workdays in the respective periods. A varying number of workdays year over year could influence the daily averages and could produce a different result than if the comparison was based on total order dollars for the periods.

Comparative data on current and historical orders is available on the company's investor information web site, http://www.phstock.com. To access the information, first click on 'Newsroom' and then click on the 'Monthly Orders' link. Parker's investor web site also offers registration for investors to receive automatic e-mail notification of all upcoming news, events and information from the company.
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