Parker Hannifin Corp (PH) is a fortune 250 global leader in motion and control technologies, providing precision-engineered solutions for a wide variety of mobile, industrial and aerospace markets. Founded in 1918, this Ohio-based company's products are vital to virtually everything that moves or requires control, including the manufacture and processing of raw materials, durable goods, infrastructure development and all forms of transport.
Parker Hannifin operates through two business segments, the Diversified Industrial Segment and the Aerospace Systems Segment. The Diversified Industrial Segment provides an array of products to numerous end-markets globally, and constitutes about 84% of total sales. These include motion control products, filtration systems, fluid connectors, hydraulic, pneumatic and electromechanical systems, and many more. The Aerospace Systems Segment, on the other hand, provides products used in commercial and military airframe and engine applications, constituting about 16% of total sales.
Guided by a relentless drive to help its customers succeed, Parker had sales of $13.7 billion in fiscal year 2020. It employs approximately 50,000 people in 50 countries around the world, serving over 450,000 customers globally. Some of the key industries served by Parker include oil & gas, power generation, construction and mining, transportation, and healthcare.
Parker has made sustainability and social responsibility central to its operations, with a firm commitment to making a positive impact on the planet. The company aims to improve energy efficiency and productivity, reduce waste and lower emissions throughout its operations and along its entire supply chain.
Parker's Orange twist promise lies in the heart of its culture which makes "innovation" an organizational habit. They have consistently invested about $400 million annually in research and development to create engineers' and customers’ visions alike. It boasts more than 8,000 patents which solidify its position as an innovation leader.
Over the century, Parker has sustained its business growth through a strategic combination of organic growth strategies and focused acquisitions, owning more than 300 manufacturing locations globally now. With its dependable delivery, Parker Hannifin continues to solidify its role as an essential partner in its customers' success.