8-KEarnings & ResultsRegulation FDExhibits & Filings

Parker-Hannifin Corp 8-K Report, Financial Results (Oct 19, 2010)

Filed October 19, 2010For Securities:PH

Summary

This 8-K filing from Parker-Hannifin Corporation, filed on October 19, 2010, reports on the company's financial results for the quarter ended September 30, 2010. The primary purpose of this filing is to disseminate the earnings press release and a related webcast presentation, which provide key financial and operational updates. Investors should note that the company's reporting includes non-GAAP measures to offer a more comparable view of performance. Specifically, sales growth is presented excluding the impact of acquisitions and foreign currency exchange rates, and cash flow from operations as a percentage of sales is adjusted for a discretionary pension plan contribution. These adjustments aim to provide a clearer understanding of underlying business trends and operational effectiveness.

Key Highlights

  • 1Parker-Hannifin announced its financial results for the quarter ended September 30, 2010.
  • 2The company issued a press release and held a webcast to discuss these results.
  • 3Financial reporting includes adjusted sales growth, excluding acquisitions and foreign currency impacts, for better period-over-period comparison.
  • 4Cash flow from operating activities as a percent of sales is presented with an adjustment for a discretionary pension plan contribution to enhance comparability.
  • 5These non-GAAP disclosures are intended to help investors evaluate performance on a more meaningful and consistent basis.
  • 6The filing includes Exhibit 99.1 (Press Release) and Exhibit 99.2 (Webcast Presentation).

Frequently Asked Questions

The main purpose of this 8-K filing is to formally announce and provide access to Parker-Hannifin's earnings press release and webcast presentation for the quarter ended September 30, 2010, as required by SEC regulations.

The company provides sales growth figures that exclude the effects of acquisitions and foreign currency exchange rates to offer investors a clearer view of the organic growth and performance of its existing business operations, removing the volatility and impact of external factors.

The adjustment made to cash flow from operations as a percent of sales related to a discretionary pension plan contribution is to normalize the metric. This allows for a more comparable analysis of the company's core operating cash flow generation from period to period, by removing the impact of a one-time or discretionary financial decision.

The detailed financial results and presentation are available in Exhibit 99.1 (Press Release) and Exhibit 99.2 (Webcast Presentation) that are filed as part of this 8-K report with the SEC.