Summary
This 8-K filing from Parker-Hannifin Corporation, filed on October 20, 2003, relates to a Webcast presentation held on October 15, 2003, where the company announced its earnings for the quarter ended September 30, 2003. The primary purpose of this filing is to provide revised and clarifying slides concerning segment operating margins and realignment charges incurred during the quarters ended September 30, 2003, and 2002. These revised slides are intended to offer investors a clearer and more comparable view of the company's performance by presenting segment operating margins both as reported under U.S. GAAP and as adjusted to exclude the impact of realignment charges. This adjustment allows for a more meaningful evaluation of underlying operational performance across different periods. The information is being furnished under Regulation FD to ensure broad public dissemination.
Key Highlights
- 1Parker-Hannifin Corporation filed an 8-K on October 20, 2003, to provide supplemental information regarding its Q1 2004 earnings webcast.
- 2The filing clarifies segment operating margins and realignment charges for the quarters ended September 30, 2003, and 2002.
- 3Revised Webcast slides, attached as Exhibit 99.1, reconcile reported U.S. GAAP segment operating margins with adjusted margins that exclude realignment charges.
- 4The purpose of the adjustments is to enable investors to evaluate operating margins on a comparable basis over time.
- 5The information is provided under Regulation FD and Item 12 to ensure fair and broad disclosure to investors.
- 6The company's Chief Financial Officer, Timothy K. Pistell, signed the report.