Parker-Hannifin to Gain From Recovering End Markets, CLARCOR
Parker-Hannifin Corporation PH posted impressive results in the first half of fiscal 2018, after charting robust earnings beats and strong top-line growth in 2017. Recently, the Zacks Rank #2 (Buy) company reported its 10th consecutive earnings beat in second-quarter fiscal 2018 results. The company’s top line has been gaining momentum on the back of contribution from the CLARCOR acquisition and continued outstanding performance in the company’s Diversified Industrial segment, particularly in North America.Further, its diligent global restructuring initiatives are proving conducive to profits. […]