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January 8, 2013
11:01 EDTPHParker-Hannifin, WATT Fuel Cell establish strategic licensing & supply agreement
WATT Fuel Cell announces the establishment of a strategic licensing and supply agreement with Parker Hannifin. The agreement, established through Parker's Energy Systems Business Unit, stipulates Parker's production of a family of propane-driven, SOFC-based products for the RV, marine, over-the-road trucking and residential marketS.
News For PH From The Last 14 Days
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October 1, 2015
10:27 EDTPHParker-Hannifin Chairman Donald Washkewicz to retire, effective December 31
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September 28, 2015
17:07 EDTPHParker-Hannifin acquires President Engineering Group, terms not disclosed
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September 22, 2015
13:05 EDTPHParker-Hannifin sees 5-year CAGR EPS growth 8%
Sees 8% EPS growth CAGR over a five-year period through FY20. Other targeted metrics by FY20 include: Organic sales growth 150 bps greater than Industrial growth; sales of $14B via organic growth; segment operating margins 17%; ROIC 17%; cash from operations greater than10%. Regarding capital deployment, though FY20, sees $1.8B in dividends, $1.2B in CapEx, $4B in strategic M&A and share buybacks. Comments from slides that will be presented at the company's investor meeting.
September 21, 2015
09:41 EDTPHParker-Hannifin to host investor meeting
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