Parker-Hannifin is a global leader in motion and control technologies, supplying engineered components and systems to industrial and aerospace customers through its Diversified Industrial and Aerospace Systems segments.

# Parker-Hannifin Corporation

## Company overview
- Incorporated in Ohio in 1938.
- Global leader in motion and control technologies.
- Business system: The Win Strategy to drive engaged people, customer experience, profitable growth, and financial performance.
- Core culture: safety, collaboration, continuous improvement, and team-based problem solving.
- Investor relations: investors.parker.com — annual reports and other filings are available free of charge.

## Markets and segments
- Reportable segments: Diversified Industrial and Aerospace Systems.
- FY2026 net sales: $21.5 billion.
- Segment mix: Diversified Industrial 67% of net sales; Aerospace Systems 33% of net sales.

## Customers
- Serves several hundred thousand original equipment manufacturers (OEMs) and distribution customer locations.

## Products and markets

### Diversified Industrial Segment
- Market verticals: Aerospace & Defense, Off-highway, In-plant & Industrial Equipment, Energy, Transportation, HVAC & Refrigeration.
- Product scope: A broad range of motion-control systems and components, including standard and custom products engineered to OEM specifications.
- Principal product types (examples): active and passive vibration control, high-purity sealing, coatings, high-temperature sealing, cryogenic valves and fittings, HVAC/R controls and monitoring, seals, filters, pumps and motors, electronic controls, sensors, hydraulics, pneumatics, fluid handling, and heat management.
- Sales approach: Marketed primarily through field sales employees and independent distributors worldwide.

### Aerospace Systems Segment
- Market focus: Commercial aerospace and defense, providing airframe and engine components and systems to OEMs and aftermarket customers.
- Principal products (examples): avionics, fuel systems and components, electric and hydraulic braking, fuel tank inerting, electric power, hydraulic pumps and motors, electromechanical actuators, engine exhaust systems and components, pneumatics, seals, flight control systems, sensors, fluid conveyance, and thermal management.
- Sales approach: Marketed through regional sales organizations selling directly to OEMs and end users globally.

## Competition
- Diversified Industrial competitors include Bosch Rexroth AG, Copeland, Danaher, Danfoss, Donaldson, Emerson/ASCO, Festo, Freudenberg-NOK, Gates, IMI/Norgren, SMC, Swagelok, Trelleborg, and others.
- Aerospace Systems competitors include Crane Co., Eaton, Honeywell Aerospace, Moog, RTX, Safran, Senior plc, Triumph Group, Woodward, and others.
- Parker emphasizes a broad, interconnected technology portfolio and a decentralized operating structure as competitive advantages.

## Intellectual property
- Holds patents, trademarks, trade names, copyrights, trade secrets, and licenses; also holds exclusive and non-exclusive rights to third-party IP.
- Numerous patent and trademark applications are pending; no single IP asset is relied upon to the exclusion of others.

## Backlog
- Backlog is defined as written firm orders to deliver products; for blanket purchase orders, backlog includes portions with schedule or release dates.
- Backlog value equals the amount expected to be billed and recorded as sales.

## Governance and investor resources
- Governance documents, charters, and related information are available at investors.parker.com.

Parker-Hannifin Corporation is a global leader in motion and control technologies, providing highly engineered solutions across multiple markets including aerospace, defense, and industrial sectors.

# Parker-Hannifin Corporation

## Business description
Parker-Hannifin Corporation, incorporated in Ohio in 1938, is a global leader in motion and control technologies. The company designs, manufactures, and provides aftermarket support for engineered solutions across several markets:

- Aerospace & Defense
- In-Plant & Industrial Equipment
- Transportation
- Off-Highway
- Energy
- HVAC & Refrigeration

Parker serves several hundred thousand OEM and distribution customer locations. No single customer accounts for more than 4% of total net sales.

## Financial performance
For the fiscal year ended June 30, 2024:
- Total revenue: $19.9 billion
- Diversified Industrial segment: 73% of net sales
- Aerospace Systems segment: 27% of net sales

## Employees
As of June 30, 2024, Parker employed approximately 61,120 team members, with about 30,300 employed by foreign subsidiaries.

## Market segments & products

### Diversified Industrial segment
Serves OEMs and distributors across original product and aftermarket replacement markets. Major product offerings include:
- Hydraulic pumps and motors
- HVAC/R controls
- Seals (elastomeric and metal)
- Filtration solutions
- Actuators and valves

### Aerospace Systems segment
Supplies aerospace components and systems primarily to commercial aerospace and defense customers. Major product offerings include:
- Fuel and hydraulic systems
- Avionics
- Flight control systems
- Fire detection and suppression

## Institutional framework
Parker operates 335 manufacturing plants across 36 U.S. states and 42 other countries. Corporate headquarters is in Cleveland, Ohio. The majority of manufacturing plants are owned, and the company maintains sales and administrative offices and distribution centers worldwide.

## Summary
Parker-Hannifin is a diversified global manufacturer in motion and control technologies, with broad product lines, substantial revenue, and a large international workforce serving a wide customer base across key end markets.

Parker-Hannifin Corp

10-K / August 21, 2026

10-K / August 22, 2024

10-K / August 21, 2026

Parker-Hannifin Corporation

Company overview

Markets and segments

Customers

Products and markets

Diversified Industrial Segment

Aerospace Systems Segment

Competition

Intellectual property

Backlog

Governance and investor resources