CLEVELAND, Sept. 27 /PRNewswire-FirstCall/ -- Parker
Hannifin Corporation (NYSE: PH), the global leader in motion and
control technologies, today announced that it will webcast an
investor meeting from its European headquarters in Etoy
(Geneva), Switzerland on Monday,
October 4, 2010 beginning at 7:00
a.m. Eastern time (1:00 p.m.
CET local time) until approximately 11:00 a.m. Eastern time (5:00 p.m. CET local time). A series of
formal presentations focused on Parker's international operations
will be followed by a question and answer period hosted by a panel
of Parker senior leaders.
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The meeting presents a unique opportunity to hear from members
of Parker's global senior management team responsible for
Europe and Asia, discussing growth in emerging regions.
Presenters at the conference will include Don Washkewicz, Chairman, Chief Executive
Officer and President; Nigel
Parsons, Vice President of Finance and Administration -
Europe, Middle East and Africa; Charly
Saulnier, President - Europe, Middle
East and Africa;
Michael Chung, President -
Asia Pacific; Craig Maxwell, Vice President - Technology and
Innovation; and Jeff Cullman,
President - Hydraulics.
With annual sales of $10 billion
in fiscal year 2010, Parker Hannifin
is the world's leading diversified manufacturer of motion and
control technologies and systems, providing precision-engineered
solutions for a wide variety of mobile, industrial and aerospace
markets. The company employs approximately 55,000 people in 46
countries around the world. Parker has increased its annual
dividends paid to shareholders for 54 consecutive fiscal years,
among the top five longest-running dividend-increase records in the
S&P 500 index. For more information, visit the company's web
site at www.parker.com, or its investor information web site at
www.phstock.com.
Forward-Looking Statements
Forward-looking statements contained in this and other written
and oral reports are made based on known events and circumstances
at the time of release, and as such, are subject in the future to
unforeseen uncertainties and risks. All statements regarding future
performance, earnings projections, events or developments are
forward-looking statements. It is possible that the future
performance and earnings projections of the company and individual
segments may differ materially from current expectations, depending
on economic conditions within its mobile, industrial and aerospace
markets, and the company's ability to maintain and achieve
anticipated benefits associated with announced realignment
activities, strategic initiatives to improve operating margins,
actions taken to combat the effects of the current economic
environment, and growth, innovation and global diversification
initiatives. A change in economic conditions in individual markets
may have a particularly volatile effect on segment results. Among
the other factors which may affect future performance are: changes
in business relationships with and purchases by or from major
customers, suppliers or distributors, including delays or
cancellations in shipments, disputes regarding contract terms or
significant changes in financial condition, and changes in contract
cost and revenue estimates for new development programs;
uncertainties surrounding timing, successful completion or
integration of acquisitions; ability to realize anticipated cost
savings from business realignment actions; threats associated with
and efforts to combat terrorism; uncertainties surrounding the
ultimate resolution of outstanding legal proceedings, including the
outcome of any appeals; competitive market conditions and resulting
effects on sales and pricing; increases in raw material costs that
cannot be recovered in product pricing; the company's ability to
manage costs related to insurance and employee retirement and
health care benefits; and global economic factors, including
manufacturing activity, air travel trends, currency exchange rates,
difficulties entering new markets and general economic conditions
such as inflation, deflation, interest rates and credit
availability. The company makes these statements as of the date of
this disclosure, and undertakes no obligation to update them unless
otherwise required by law.
SOURCE Parker Hannifin Corporation
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