To: Triffin who wrote (11573 ) 4/24/2012 11:03:55 AM From: Triffin Read Replies (1) | Respond to Parker-Hannifin increases quarterly dividend 5% to $0.41 from $0.39 per share .. PH ) 80.94 : Reports Q3 (Mar) earnings of $2.01 per share, $0.29 better than the Capital IQ Consensus Estimate of $1.72; revenues rose 4.7% year/year to $3.39 bln vs the $3.29 bln consensus. Co raises guidance for FY12, sees EPS of $7.30-7.50 from prior guidance of $6.90-7.30 vs. $7.08 Capital IQ Consensus Estimate. "Reflecting our strong outperformance relative to guidance, Parker is increasing our earnings outlook for the year. The Company remains on pace to deliver an all-time record year in fiscal 2012...Our organic sales growth was 6 percent, led by a double-digit increase in the North America Industrial segment, while currency translation negatively affected sales by 1 percent. Internationally, results outpaced expectations for the quarter and market conditions remain stable. Total company segment operating margin remained strong and represented a third quarter record at 15.1 percent, primarily driven by record third quarter operating margins in the Industrial North America segment."Parker-Hannifin signs agreement to acquire the Olaer Group, terms not disclosed ( PH ) 80.94 : Co announced that it has signed an agreement to acquire the Olaer Group headquartered in Deeside, United Kingdom. Olaer is a leading manufacturer of a broad range of advanced hydraulic accumulator and cooling technologies to provide solutions for energy, mobile and industrial markets. Terms of the transaction were not disclosed. Olaer has annual sales of approximately 150 mln Euros ($200 mln) and employs 550 people.
