Summary
Parker-Hannifin Corporation (PH) filed an 8-K on October 20, 2009, to report its financial results for the quarter ended September 30, 2009. The report primarily serves as a disclosure vehicle for the company's earnings announcement, including a press release and webcast presentation. Investors should note that the company provided commentary on sales growth that excludes the impact of acquisitions and foreign currency exchange rates. This adjusted metric is designed to offer a clearer picture of the company's organic performance and operational changes over time, allowing for a more meaningful comparison between reporting periods.
Key Highlights
- 1Parker-Hannifin Corporation announced its financial results for the quarter ended September 30, 2009.
- 2The company issued a press release and held a webcast to discuss its earnings.
- 3Key financial information regarding the quarter's performance was disclosed.
- 4The press release and webcast materials are attached as exhibits to the 8-K filing.
- 5Management provided sales growth figures that exclude the impact of acquisitions and foreign currency fluctuations.
- 6This exclusion is intended to provide a comparable basis for evaluating sales performance period-over-period.
- 7The report was filed on October 20, 2009, with the SEC.
Frequently Asked Questions
The main purpose of this 8-K filing is to publicly disclose Parker-Hannifin Corporation's financial results and related commentary for the fiscal quarter ended September 30, 2009, as announced through a press release and webcast.
The filing announces the company's earnings for the quarter ended September 30, 2009. More detailed financial information, including sales figures, is available in the accompanying press release (Exhibit 99.1) and webcast presentation (Exhibit 99.2).
Parker-Hannifin excludes the effects of acquisitions and foreign currency exchange rates to provide investors with a clearer view of organic sales growth. This allows for a more meaningful comparison of the company's underlying operational performance from one period to another, unaffected by external factors like currency fluctuations or the impact of newly acquired businesses.
The detailed financial results are provided in the press release issued on October 20, 2009 (Exhibit 99.1), and the webcast presentation is available as Exhibit 99.2 to this 8-K filing.