As previously announced, the company will have two reporting segments beginning in fiscal year 2014, Diversified Industrial and Aerospace Systems. The company will continue to provide supplemental sales and profitability data for North America and International within the Diversified Industrial Segment.
The global technology platforms – Motion Systems, Flow and Process Control, and Filtration and Engineered Materials – are strategically aligned based on complementary technologies. The Motion Systems platform includes the company’s hydraulics, pneumatics and electromechanical product lines produced by the Hydraulics and Automation groups. The Flow and Process Control platform includes instrumentation, connectors and refrigeration offerings from the Fluid Connectors and Instrumentation groups. The Filtration and Engineered Materials platform includes filtration systems, filters, and sealing and shielding products produced by the company’s Filtration and Engineered Materials groups. Historical quarterly sales data is included in this press release and additional information is included in an Investor Fact Book, linked here and available at Parker’s investor information web site at www.phstock.com.