8-K

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM 8-K

CURRENT REPORT

PURSUANT TO SECTION 13 OR 15(d) of the

Securities Exchange Act of 1934

Date of report (Date of earliest event reported): January 18, 2013

PARKER-HANNIFIN CORPORATION

(Exact Name of Registrant as Specified in Charter)

Ohio	34-0451060
(State or other jurisdiction of Incorporation or Organization)	(I.R.S. Employer Identification No.)
6035 Parkland Boulevard, Cleveland, Ohio	44124-4141
(Address of Principal Executive Offices)	(Zip Code)

Registrant's telephone number, including area code: (216) 896-3000

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

• Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

• Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

• Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b)

• Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition

Item 7.01 Regulation FD Disclosure

The following information is furnished pursuant to Item 2.02, “Results of Operations and Financial Condition” and Item 7.01, “Regulation FD Disclosure”

On January 18, 2013, Parker-Hannifin Corporation issued a press release and presented a Webcast announcing earnings for the quarter ended December 31, 2012. The press release contains references to sales growth excluding the effects of acquisitions and currency exchange rates and the effect on cash flows from operating activities as a percent of sales of a discretionary pension plan contribution. The effects of acquisitions, currency exchange rates and the discretionary pension plan contribution are removed to allow investors and the company to meaningfully evaluate changes in sales and cash flows from operating activities as a percent of sales on a comparable basis from period to period. A copy of the press release is filed as Exhibit 99.1 to this report. A copy of the Webcast presentation is filed as Exhibit 99.2 to this report.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits:

99.1    Press release issued by Parker-Hannifin Corporation, dated January 18, 2013.

99.2    Webcast presentation by Parker-Hannifin Corporation, dated January 18, 2013.

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned, hereunto duly authorized.

	PARKER-HANNIFIN CORPORATION
	By: /s/ Jon P. Marten
	Jon P. Marten
	Executive Vice President - Finance &
	Administration and Chief Financial Officer
Date: January 18, 2013

EX-99.1

Exhibit 99.1    

For Release:    Immediately                    

Contact:	Media -
	Christopher M. Farage - Vice President, Communications & External Affairs	216-896-2750
	cfarage@parker.com
	Financial Analysts -
	Pamela Huggins, Vice President - Treasurer	216-896-2240
	phuggins@parker.com
Stock symbol:	PH - NYSE

Parker Reports Fiscal 2013 Second Quarter Sales, Net Income and Earnings per Share

• Diluted earnings per share reach $1.19

• Company maintains fiscal 2013 earnings outlook

CLEVELAND, January 18, 2013 -- Parker Hannifin Corporation (NYSE: PH), the global leader in motion and control technologies, today reported results for the fiscal 2013 second quarter ended December 31, 2012. Fiscal 2013 second quarter sales of $3.07 billion were essentially flat compared with $3.11 billion in the prior year quarter. Acquisitions contributed 4 percent to sales which was largely offset by a reduction in organic sales, particularly internationally. Net income was $181.1 million compared with $242.3 million in the second quarter of fiscal 2012, primarily reflecting reduced organic sales volume. Fiscal 2013 second quarter earnings per diluted share were $1.19 compared with $1.56 in the prior year quarter. Cash flow from operations for the first six months of fiscal 2013 was $347.3 million, or 5.5 percent of sales, compared with $563.4 million, or 8.9 percent of sales for the first six months of fiscal 2012. Cash flow from operations for the first six months of fiscal 2013 included a $225.6 million discretionary contribution to the company's pension plan. Excluding this discretionary contribution, cash flow from operations as a percent of sales was 9.1 percent for the first six months of fiscal 2013.

“We performed well in the second quarter considering continued economic weakness across all the regions we operate in,” said Chairman, CEO and President, Don Washkewicz. “Although economic conditions may improve, we continued to take prudent actions to strengthen profitability and cash flow as we enter the second half of the year, including cost reduction initiatives and adjustments to planned capital expenditures.”

Segment Results

In Industrial North America, second quarter sales increased 1.2 percent to $1.2 billion, and operating income was $183.9 million compared with $195.7 million in the same period a year ago.

In Industrial International, second quarter sales decreased 4.1 percent to $1.17 billion, and operating income was $123.4 million compared with $165.9 million in the same period a year ago.

In Aerospace, second quarter sales increased 6.5 percent to $528.7 million, and operating income was $52.2 million compared with $70.3 million in the same period a year ago.

In Climate and Industrial Controls, second quarter sales decreased 18.3 percent to $170.2 million, reflecting the impact of a business divestiture, and operating income was $8.1 million compared with $9.8 million in the same period a year ago.

Orders

Parker reported a decrease of 2 percent in orders for the quarter ending December 31, 2012, compared with the same quarter a year ago. The company reported the following orders:

• Orders declined 6 percent in Industrial North America compared with the same quarter a year ago.

• Orders declined 5 percent in Industrial International compared with the same quarter a year ago.

• Orders increased 14 percent in Aerospace on a rolling 12-month average basis.

• Orders increased 1 percent in Climate and Industrial Controls compared with the same quarter a year ago.

Outlook

For the fiscal year ending June 30, 2013, the company has maintained guidance for earnings from continuing operations in the range of $6.15 to $6.75 per diluted share. Fiscal 2013 guidance includes an expected year-over-year increase in domestic qualified pension expense of approximately $0.35 per diluted share due to accounting regulations which require the use of a lower discount rate based on current market conditions.

Washkewicz added, “Following the natural, annual cycle of our business, we anticipate that the second half of our fiscal year will be stronger than the first half. In addition, ongoing actions to reduce costs and maintain cash flow should position us for a strong finish to fiscal year 2013.”

NOTICE OF CONFERENCE CALL: Parker Hannifin's conference call and slide presentation to discuss its fiscal 2013 second quarter results are available to all interested parties via live webcast today at 10:00 a.m. ET, on the company's investor information web site at www.phstock.com. To access the call, click on the "Live Webcast" link. From this link, users also may complete a pre-call system test and register for

e-mail notification of future events and information available from Parker. A replay of the conference call will also be available at www.phstock.com for one year after the call.

With annual sales exceeding $13 billion in fiscal year 2012, 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 60,000 people in 48 countries around the world. Parker has increased its annual dividends paid to shareholders for 56 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.

Notes on Orders

Orders provide near-term perspective on the company's outlook, particularly when viewed in the context of prior and future quarterly order rates. However, orders are not in themselves an indication of future performance. All comparisons are at constant currency exchange rates, with the prior year restated to the current-year rates. All exclude acquisitions until they can be reflected in both the numerator and denominator. Aerospace comparisons are rolling 12-month average computations. The total Parker orders number is derived from a weighted average of the year-over-year quarterly percent change in orders for Industrial North America, Industrial International, and Climate and Industrial Controls, and the year-over-year 12-month rolling average of orders for Aerospace.

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, including its 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 the economic conditions in individual markets may have a particularly volatile effect on segment performance. Among 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, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions; ability to realize anticipated cost savings from business realignment activities; 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.

										Exhibit 99.1
PARKER HANNIFIN CORPORATION - DECEMBER 31, 2012
CONSOLIDATED STATEMENT OF INCOME
(Unaudited)	Three Months Ended December 31,						Six Months Ended December 31,
(Dollars in thousands except per share amounts)	2012			2011			2012			2011
Net sales	$	3,065,495		$	3,106,832		$	6,280,430		$	6,340,713
Cost of sales	2,421,972			2,381,322			4,899,419			4,795,764
Gross profit	643,523			725,510			1,381,011			1,544,949
Selling, general and administrative expenses	381,100			368,690			762,222			755,156
Interest expense	24,216			23,769			47,725			46,990
Other (income), net	(24,422		)	(5,896		)	(27,623		)	(7,729		)
Income before income taxes	262,629			338,947			598,687			750,532
Income taxes	81,515			96,604			177,625			210,031
Net income	181,114			242,343			421,062			540,501
Less: Noncontrolling interests	152			1,577			359			2,717
Net income attributable to common shareholders	$	180,962		$	240,766		$	420,703		$	537,784
Earnings per share attributable to common shareholders:
Basic earnings per share	$	1.21		$	1.59		$	2.82		$	3.55
Diluted earnings per share	$	1.19		$	1.56		$	2.77		$	3.47
Average shares outstanding during period - Basic	149,001,273			150,960,202			149,143,561			151,699,614
Average shares outstanding during period - Diluted	152,198,704			154,717,211			152,018,025			155,024,479
Cash dividends per common share	$	0.41		$	0.37		$	0.82		$	0.74
BUSINESS SEGMENT INFORMATION BY INDUSTRY
(Unaudited)	Three Months Ended December 31,						Six Months Ended December 31,
(Dollars in thousands)	2012			2011			2012			2011
Net sales
Industrial:
North America	$	1,197,705		$	1,183,352		$	2,463,752		$	2,388,169
International	1,168,961			1,218,812			2,345,851			2,507,927
Aerospace	528,656			496,505			1,069,739			993,997
Climate & Industrial Controls	170,173			208,163			401,088			450,620
Total	$	3,065,495		$	3,106,832		$	6,280,430		$	6,340,713
Segment operating income
Industrial:
North America	$	183,914		$	195,738		$	411,106		$	418,965
International	123,434			165,940			275,205			374,159
Aerospace	52,172			70,262			114,070			138,899
Climate & Industrial Controls	8,130			9,823			29,840			29,615
Total segment operating income	367,650			441,763			830,221			961,638
Corporate general and administrative expenses	45,401			46,136			85,168			104,152
Income before interest expense and other expense	322,249			395,627			745,053			857,486
Interest expense	24,216			23,769			47,725			46,990
Other expense	35,404			32,911			98,641			59,964
Income before income taxes	$	262,629		$	338,947		$	598,687		$	750,532

			Exhibit 99.1
PARKER HANNIFIN CORPORATION - DECEMBER 31, 2012
CONSOLIDATED BALANCE SHEET
(Unaudited)	December 31,		June 30,		December 31,
(Dollars in thousands)	2012		2012		2011
Assets
Current assets:
Cash and cash equivalents	$	497,635	$	838,317	$	487,984
Accounts receivable, net	1,802,405		1,992,284		1,828,117
Inventories	1,515,325		1,400,732		1,452,664
Prepaid expenses	152,477		137,429		129,439
Deferred income taxes	127,905		129,352		144,819
Total current assets	4,095,747		4,498,114		4,043,023
Plant and equipment, net	1,844,643		1,719,968		1,691,162
Goodwill	3,295,141		2,925,856		2,879,169
Intangible assets, net	1,367,978		1,095,218		1,101,020
Other assets	857,852		931,126		613,210
Total assets	$	11,461,361	$	11,170,282	$	10,327,584
Liabilities and equity
Current liabilities:
Notes payable	$	510,006	$	225,589	$	78,375
Accounts payable	1,073,233		1,194,684		1,069,503
Accrued liabilities	810,546		911,931		821,335
Accrued domestic and foreign taxes	94,475		153,809		150,896
Total current liabilities	2,488,260		2,486,013		2,120,109
Long-term debt	1,509,238		1,503,946		1,659,434
Pensions and other postretirement benefits	1,704,349		1,909,755		838,644
Deferred income taxes	128,892		88,091		147,123
Other liabilities	301,633		276,747		306,371
Shareholders' equity	5,325,717		4,896,515		5,158,126
Noncontrolling interests	3,272		9,215		97,777
Total liabilities and equity	$	11,461,361	$	11,170,282	$	10,327,584

				Exhibit 99.1
PARKER HANNIFIN CORPORATION - DECEMBER 31, 2012
CONSOLIDATED STATEMENT OF CASH FLOWS
(Unaudited)	Six Months Ended December 31,
(Dollars in thousands)	2012			2011
Cash flows from operating activities:
Net income	$	421,062		$	540,501
Depreciation and amortization	163,827			164,131
Stock incentive plan compensation	46,527			44,462
Net change in receivables, inventories, and trade payables	102,612			(94,532		)
Net change in other assets and liabilities	(408,895		)	(75,129		)
Other, net	22,205			(16,017		)
Net cash provided by operating activities	347,338			563,416
Cash flows from investing activities:
Acquisitions (net of cash of $33,160 in 2012 and $6,802 in 2011)	(621,716		)	(13,652		)
Capital expenditures	(140,221		)	(96,897		)
Proceeds from sale of plant and equipment	14,173			11,179
Proceeds from sale of business	68,569			—
Other, net	(7,765		)	(14,498		)
Net cash (used in) investing activities	(686,960		)	(113,868		)
Cash flows from financing activities:
Net payments for common stock activity	(101,160		)	(308,747		)
Acquisition of noncontrolling interests	(1,072		)	(76,893		)
Net proceeds from (payments for) debt	168,712			(1,089		)
Dividends	(123,328		)	(119,031		)
Net cash (used in) financing activities	(56,848		)	(505,760		)
Effect of exchange rate changes on cash	55,788			(113,270		)
Net decrease in cash and cash equivalents	(340,682		)	(169,482		)
Cash and cash equivalents at beginning of period	838,317			657,466
Cash and cash equivalents at end of period	$	497,635		$	487,984

EX-99.2

2nd Quarter FY2013 Earnings Release Parker Hannifin Corporation Exhibit 99.2 January 18, 2013

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, including its 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 the economic conditions in individual markets may have a particularly volatile effect on segment performance. Among 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, changes in contract cost and revenue estimates for new development programs and changes in product mix; ability to identify acceptable strategic acquisition targets; uncertainties surrounding timing, successful completion or integration of acquisitions; ability to realize anticipated cost savings from business realignment activities; 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. 2

Non-GAAP Financial Measures This presentation reconciles sales amounts reported in accordance with U.S. GAAP to sales amounts adjusted to remove the effects of acquisitions made within the prior four quarters and the effects of currency exchange rates. This presentation also reconciles cash flow from operating activities as a percent of sales in accordance with U.S. GAAP to cash flow from operating activities as a percent of sales without the effect of a discretionary pension plan contribution. The effects of acquisitions, currency exchange rates and the discretionary pension plan contribution are removed to allow investors and the company to meaningfully evaluate changes in sales and cash flow from operating activities as a percent of sales on a comparable basis from period to period. 3

Agenda 4 • CEO 2nd Quarter FY2013 Highlights • Key Performance Measures & Outlook • CEO Closing Comments • Questions and Answers

Highlights 2nd Quarter FY2013 Sales • Essentially flat year over year • Weakness continues in all regions of Industrial International • Organic revenues decreased 4% • Acquisitions contributed 4% • $246m annualized revenue acquired in Q2 Net Income & EPS • Achieved $181m or $1.19 per diluted share • Decreased International volume • Aerospace R&D investments and OEM/MRO mix • Acquisition, divestiture & integration expenses Operating Cash Flow • Generated $354m or 11.6% of sales 5

Diluted Earnings Per Share 2nd Quarter FY2013 6 $1.19 $1.56 $2.77 $3.47 0.00 0.50 1.00 1.50 2.00 2.50 3.00 3.50 4.00 Q2 FY13 Q2 FY12 YTD FY13 YTD FY12

$1.56 $0.02 $0.05 $0.34 $1.19 Q2 FY12 Share Impact Tax Segment Operating Income Q2 FY13 Influences on Earnings 2nd Quarter FY2013 vs. 2nd Quarter FY2012 Driving Influences • Industrial International weakness -$0.15 • Industrial North America weakness -$0.05 • International Acquisition/Integration expenses -$0.05 • Aerospace R&D and OEM/MRO Mix -$0.08 7

Sales & Operating Margin 2nd Quarter FY2013 - Total Parker 8 $ in millions FY2013 % Change FY2012 FY2013 % Change FY2012 Sales As reported 3,066$ (1.3)% 3,106$ 6,281$ (1.0)% 6,340$ Acquisitions 120 3.9 % 209 3.3 % Currency (19) (0.6)% (110) (1.7)% Adjusted Sales 2,965$ (4.6)% 6,182$ (2.6)% Operating Margin As reported 368$ 442$ 830$ 962$ % of Sales 12.0 % 14.2 % 13.2 % 15.2 % 2nd Quarter Total Year

Sales & Operating Margin 2nd Quarter FY2013 - Industrial North America 9 $ in millions FY2013 % Change FY2012 FY2013 % Change FY2012 Sales As reported 1,198$ 1.2 % 1,183$ 2,464$ 3.2 % 2,388$ Acquisitions 61 5.1 % 98 4.1 % Currency 3 0.3 % 2 0.1 % Adjusted Sales 1,134$ (4.2)% 2,364$ (1.0)% Operating Margin As reported 184$ 196$ 411$ 419$ % of Sales 15.4 % 16.5 % 16.7 % 17.5 % Total Year2nd Quarter

Sales & Operating Margin 2nd Quarter FY2013 - Industrial International 10 $ in millions FY2013 % Change FY2012 FY2013 % Change FY2012 Sales As reported 1,169$ (4.1)% 1,219$ 2,346$ (6.5)% 2,508$ Acquisitions 59 4.8 % 111 4.4 % Currency (22) (1.8)% (106) (4.3)% Adjusted Sales 1,132$ (7.1)% 2,341$ (6.6)% Operating Margin As reported 123$ 166$ 275$ 374$ % of Sales 10.6 % 13.6 % 11.7 % 14.9 % 2nd Quarter Total Year

Sales & Operating Margin 2nd Quarter FY2013 - Aerospace 11 $ in millions FY2013 % Change FY2012 FY2013 % Change FY2012 Sales As reported 529$ 6.5 % 496$ 1,070$ 7.6 % 994$ Acquisitions - -- % - -- % Currency (1) (0.1)% (3) (0.2)% Adjusted Sales 530$ 6.6 % 1,073$ 7.8 % Operating Margin As reported 52$ 70$ 114$ 139$ % of Sales 9.9 % 14.2 % 10.7 % 14.0 % 2nd Quarter Total Year

Sales & Operating Margin 2nd Quarter FY2013 - Climate & Industrial Controls 12 $ in millions FY2013 % Change FY2012 FY2013 % Change FY2012 Sales As reported 170$ (18.3)% 208$ 401$ (11.0)% 450$ Acquisitions - -- % - -- % Currency 1 0.2 % (3) (0.8)% Adjusted Sales 169$ (18.5)% 404$ (10.2)% Operating Margin As reported 8$ 10$ 30$ 30$ % of Sales 4.8 % 4.7 % 7.4 % 6.6 % 2nd Quarter Total Year

Order Rates 13 Excludes Acquisitions, Divestitures & Currency 3-month year-over-year comparisons of total dollars, except Aerospace Aerospace is calculated using a 12-month rolling average Dec 2012 Sept 2012 Dec 2011 Sept 2011 Total Parker 2 %- 6 %- 3 %+ 9 %+ Industrial North America 6 %- 11 %- 8 %+ 16 %+ Industrial International 5 %- 8 %- 1 %+ 4 %+ Aerospace 14 %+ 5 %+ 0 %+ 14 %+ Climate & Industrial Controls 1 %+ 2 %+ 5 %- 4 %-

Balance Sheet Summary • Cash • Working capital • Accounts receivable • Inventory • Accounts payable 14

Cash Flow from Operating Activities 2nd Quarter FY2013 15 2nd Quarter Total Year FY2013 FY2012 FY2013 FY2012 As Reported 354.3$ 253.9$ 347.3$ 563.4$ As Reported % Sales 11.6% 8.2% 5.5% 8.9% Discretionary Pension Plan Contribution -$ -$ 225.6$ -$ Adjusted Cash From Operating Activities 354.3$ 253.9$ 573.0$ 563.4$ Adjusted % Sales 11.6% 8.2% 9.1% 8.9% $354 $254 $573 $563 Q2 FY13 Q2 FY12 YTD FY13 YTD FY12

Financial Leverage Debt to Debt Equity 16 35.2% 28.9% 24.7% 26.1% 27.5% FY09 FY10 FY11 FY12 Q2 YTD FY13 Net Debt 22.2%

FY 2013 Sales Change versus FY 2012 Industrial North America (.7)% -- 2.3 % Industrial International (4.7)% -- (1.6)% Aerospace 6.6 % -- 9.6 % Climate & Industrial Controls (14.5)% -- (11.5)% FY 2013 Operating Margin Percentages Industrial North America 16.5 % -- 16.9 % Industrial International 12.5 % -- 12.9 % Aerospace 12.2 % -- 12.4 % Climate & Industrial Controls 9.4 % -- 9.8 % Earnings Outlook Assumptions Sales & Operating Margins 17

Earnings Outlook Assumptions Below Operating Income (+/-2.4%) • Expenses Below Segment Operating Income* • $466M at Midpoint • Tax Rate • 28.0% *Corporate Admin, Interest and Other Expense (Income) 18

$6.45 $0.08 $0.04 $0.04 $0.16 $6.45 FY13 Prior Guidance at Midpoint Other Expense Tax Share Impact Segment Operating Income FY13 Revised Guidance at Midpoint Revised FY2013 EPS Guidance at Midpoint 19 Low Midpoint High Diluted Earnings Per Share 6.15$ 6.45$ 6.75$

Parker Hannifin Corporation The Global Leader in Motion & Control Technologies 20 • Questions and Answers

Thank You

Appendix • Consolidated Statement of Income • Business Segment Information By Industry • Consolidated Balance Sheet • Consolidated Statement of Cash Flows

Consolidated Statement of Income 23 (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (Dollars in thousands except per share amounts) 2012 2011 2012 2011 Net sales 3,065,495$ 3,106,832$ 6,280,430$ 6,340,713$ Cost of sales 2,421,972 2,381,322 4,899,419 4,795,764 Gross profit 643,523 725,510 1,381,011 1,544,949 Selling, general and administrative expenses 381,100 368,690 762,222 755,156 Interest expense 24,216 23,769 47,725 46,990 Other (income), net (24,422) (5,896) (27,623) (7,729) Income before income taxes 262,629 338,947 598,687 750,532 Income taxes 81,515 96,604 177,625 210,031 Net income 181,114 242,343 421,062 540,501 Less: Noncontrolling interests 152 1,577 359 2,717 Net income attributable to common shareholders 180,962$ 240,766$ 420,703$ 537,784$ Earnings per share attributable to common shareholders: Basic earnings per share 1.21$ 1.59$ 2.82$ 3.55$ Diluted earnings per share 1.19$ 1.56$ 2.77$ 3.47$ Average shares outstanding during period - Basic 149,001,273 150,960,202 149,143,561 151,699,614 Average shares outstanding during period - Diluted 152,198,704 154,717,211 152,018,025 155,024,479 Cash dividends per common share .41$ .37$ .82$ .74$

Business Segment Information By Industry 24 (Unaudited) Three Months Ended December 31, Six Months Ended December 31, (Dollars in thousands) 2012 2011 2012 2011 Net sales Industrial: North America 1,197,705$ 1,183,352$ 2,463,752$ 2,388,169$ International 1,168,961 1,218,812 2,345,851 2,507,927 Aerospace 528,656 496,505 1,069,739 993,997 Climate & Industrial Controls 170,173 208,163 401,088 450,620 Total 3,065,495$ 3,106,832$ 6,280,430$ 6,340,713$ Segment operating income Industrial: North America 183,914$ 195,738$ 411,106$ 418,965$ International 123,434 165,940 275,205 374,159 Aerospace 52,172 70,262 114,070 138,899 Climate & Industrial Controls 8,130 9,823 29,840 29,615 Total segment operating income 367,650 441,763 830,221 961,638 Corporate general and administrative expenses 45,401 46,136 85,168 104,152 Income before interest expense and other expense 322,249 395,627 745,053 857,486 Interest expense 24,216 23,769 47,725 46,990 Other expense 35,404 32,911 98,641 59,964 Income before income taxes 262,629$ 338,947$ 598,687$ 750,532$

Consolidated Balance Sheet 25 (Unaudited) December 31, June, 30 December 31, (Dollars in thousands) 2012 2012 2011 Assets Current assets: Cash and cash equivalents 497,635$ 838,317$ 487,984$ Accounts receivable, net 1,802,405 1,992,284 1,828,117 Inventories 1,515,325 1,400,732 1,452,664 Prepaid expenses 152,477 137,429 129,439 Deferred income taxes 127,905 129,352 144,819 Total current assets 4,095,747 4,498,114 4,043,023 Plant and equipment, net 1,844,643 1,719,968 1,691,162 Goodw ill 3,295,141 2,925,856 2,879,169 Intangible assets, net 1,367,978 1,095,218 1,101,020 Other assets 857,852 931,126 613,210 Total assets 11,461,361$ 11,170,282$ 10,327,584$ Liabilities and equity Current liabilities: Notes payable 510,006$ 225,589$ 78,375$ Accounts payable 1,073,233 1,194,684 1,069,503 Accrued liabilities 810,546 911,931 821,335 Accrued domestic and foreign taxes 94,475 153,809 150,896 Total current liabilities 2,488,260 2,486,013 2,120,109 Long-term debt 1,509,238 1,503,946 1,659,434 Pensions and other postretirement benefits 1,704,349 1,909,755 838,644 Deferred income taxes 128,892 88,091 147,123 Other liabilities 301,633 276,747 306,371 Shareholders' equity 5,325,717 4,896,515 5,158,126 Noncontrolling interests 3,272 9,215 97,777 Total liabilities and equity 11,461,361$ 11,170,282$ 10,327,584$

Consolidated Statement of Cash Flows 26 (Unaudited) Six Months Ended December 31, (Dollars in thousands) 2012 2011 Cash flows from operating activities: Net income 421,062$ 540,501$ Depreciation and amortization 163,827 164,131 Stock incentive plan compensation 46,527 44,462 Net change in receivables, inventories, and trade payables 102,612 (94,532) Net change in other assets and liabilities (408,895) (75,129) Other, net 22,205 (16,017) Net cash provided by operating activities 347,338 563,416 Cash flows from investing activities: Acquisitions (net of cash of $33,160 in 2012 and $6,802 in 2011) (621,716) (13,652) Capital expenditures (140,221) (96,897) Proceeds from sale of plant and equipment 14,173 11,179 Proceeds from sale of business 68,569 - Other, net (7,765) (14,498) Net cash (used in) investing activities (686,960) (113,868) Cash flows from financing activities: Net payments for common stock activity (101,160) (308,747) Acquisition of noncontrolling interests (1,072) (76,893) Net proceeds from (payments for) debt 168,712 (1,089) Dividends (123,328) (119,031) Net cash (used in) financing activities (56,848) (505,760) Effect of exchange rate changes on cash 55,788 (113,270) Net decrease in cash and cash equivalents (340,682) (169,482) Cash and cash equivalents at beginning of period 838,317 657,466 Cash and cash equivalents at end of period 497,635$ 487,984$