Find companies:

Parker Hannifin

Job Work/Life Balance
Job Security/Advancement
Job Culture
417 reviews

About Parker Hannifin

Parker-Hannifin operates on a big scale (its motion control equipment helped sink a replica of the Titanic in the Academy Award-winning film.) Operating through three business segments -- Industrial, Aerospace, and Climate & Industrial Controls -- Parker-Hannifin is a leading global manufacturer of motion and control technologies, including fluid power – more... systems for the manufacturing and processing industries; hydraulic, fuel, pneumatic, and electromechanical systems and components for the aerospace/defense industry; and motion and control systems for the heating, ventilation, air conditioning, and refrigeration (HVACR) and transportation industries.


Parker-Hannifin is a leading worldwide diversified manufacturer of motion and control technologies and systems. It provides precision engineered technologies, products, and services for a wide variety of mobile, industrial, and aerospace markets.

Its largest division, the Industrial segment, is made up of the Automation, Filtration, Fluid Connectors, Hydraulics, Instrumentation, and Seal groups. Sales of Industrial products in North American and international markets are made primarily to original equipment manufacturers (OEMs) and their replacement markets in various sectors within the manufacturing, processing, and transportation industries. They include agriculture, alternative energy, chemical processing, construction machinery, factory automation, food production, life sciences, material handling, paper, robotics, and water, among many others.

Sales of Aerospace segment products are sold mainly to commercial and military customers in the OEM and maintenance, repair, and overhaul end user markets. They are used in aircraft, engines, missiles, unmanned aerial vehicles, and in power generation applications. The company's third segment, Climate & Industrial Controls, targets OEMs and replacement markets in air conditioning, appliances, industrial and commercial refrigeration, industrial machinery, oil and gas, supermarkets, and transportation.

Geographic Reach

The company has facilities throughout the US and in some 45 other countries. Its Industrial International operations provide products and services to customers throughout Europe, Asia/Pacific, Latin America, the Middle East, and Africa.

Financial Analysis

Revenues and profits increased by 6.5% and 9.8%, respectively, in 2012. The increase in revenues was the result of the higher volume in the Industrial and Aerospace Segments and from company acquisitions ($72 million of 2012 sales.) The increase reflected higher demand from distributors and higher end-user demand in a number of markets, particularly in the heavy-duty truck, construction equipment, farm and agriculture equipment, and machine tools markets. Parker-Hannifin also benefited from higher volume in both the commercial and military OEM and aftermarket businesses outside of North America.

Net income was higher thanks to higher revenues outpacing the cost of sales, which only grew by 6%, and by lower interest expense.


The company seeks to enhance its operations and profitability through a strategy of identifying and acquiring businesses with complementary products and services and by divesting businesses that are not considered to be a good long-term fit. It also focuses on building up its operations around targeted regions, technologies, and markets through acquisitions and organic growth. Parker-Hannifin's diverse product portfolio and customer base decreases the company's dependence on any one revenue stream. To lift its aerospace business, Parker-Hannifin in late 2012 agreed to form a 50-50 joint venture named Advanced Atomization Technologies LLC with GE Aviation. Intended to be located in the Parker Gas Turbine Fuel Systems Division facility in Clyde, New York, the venture aims to further develop and make commercial aircraft engine fuel nozzles.

Mergers and Acquisitions

Growing its global footprint, in 2012 the company spent $162 million to complete four acquisitions of companies with aggregate sales of $141 million. Purchases included UK-based sensor maker Kittiwake Developments Limited and India-based filter maker John Fowler (India) Private Limited. It also acquired the outstanding shares in two majority-owned subsidiaries for $147 million. During 2011, the company completed three acquisitions for $65 million.

As a part of its core asset management strategy, in 2012 Parker-Hannifin divested its automotive air conditioning portion of its Mobile Climate Systems Division to ContiTech AG of Hanover, Germany.


Capital World Investors held 10.4% of the company in 2012. – less

Parker Hannifin Employer Reviews
Senior Mechanical Designer (Former Employee), DorvalMay 12, 2015
Purchasing Manager (Former Employee), Milton, OnMarch 1, 2015
Electronic Assembler (Former Employee), Winnipeg, MBNovember 4, 2014
MASTER SCHEDULER/PRODUCTION PLANNER (Former Employee), winnipeg, mbMarch 3, 2014
Shipper/Receiver (Former Employee), Milton, ONSeptember 14, 2013

Parker Hannifin Photos