PH

Parker-Hannifin Corporation designs, manufactures, and distributes motion and control technologies and systems for diverse industrial and aerospace markets. Headquartered in Cleveland, Ohio, the company was founded in 1917 and operates through two primary segments: Diversified Industrial and Aerospace Systems. Parker-Hannifin produces hydraulic, pneumatic, and electromechanical components including actuators, cylinders, valves, pumps, filters, hoses, and sealing devices used in manufacturing, transportation, life sciences, and defense applications. The company serves customers across approximately 50 countries through a network of manufacturing facilities, distribution centers, and sales offices, employing roughly 58,000 people worldwide. With annual revenues exceeding $17 billion, Parker-Hannifin holds leading market positions in numerous motion and control product categories. Recent strategic initiatives include the 2021 acquisition of Meggitt PLC for approximately $8.8 billion, significantly expanding its aerospace and defense capabilities, and the LORD Corporation acquisition completed in 2019, which enhanced its engineered materials and vibration control technologies. The company maintains a decentralized operational structure through its Win Strategy business system, emphasizing continuous improvement and customer responsiveness. Parker-Hannifin's diversified portfolio spans critical applications from commercial aircraft flight control systems to industrial automation solutions, positioning it as a comprehensive supplier of essential motion control technologies.