Parker-Hannifin Corp. PH

What this company does

Parker designs, manufactures and provides aftermarket support for solutions used in aerospace and defense, in-plant and industrial equipment, transportation, off-highway, energy, and HVAC and refrigeration markets around the world. It offers its products over numerous, varied markets through divisions operating in 43 countries. As of June 30, 2025, it employed approximately 57,950 persons it refers to as "team members," of whom approximately 29,520 were employed by foreign subsidiaries. The company has two reportable segments: Diversified Industrial and Aerospace Systems. Of the company's $19.9 billion in net sales for fiscal year 2025, Diversified Industrial Segment products accounted for 69 percent and Aerospace Systems Segment products accounted for 31 percent. The Diversified Industrial Segment, an aggregation of several business units, sells products to both original equipment manufacturers and distributors serving the aftermarket replacement markets. The Aerospace Systems Segment sells airframe and engine components and systems to OEMs, and aftermarket parts and maintenance directly to end users, primarily in the commercial aerospace and defense markets. Parker-Hannifin Corporation was incorporated in Ohio in 1938.

Written from the business description in PARKER-HANNIFIN CORPORATION's annual report to the U.S. Securities and Exchange Commission, filed 22 August 2025. Every sentence was checked against that document before publication.