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): February 3, 2005

PARKER-HANNIFIN CORPORATION

(Exact Name of Registrant as Specified in Charter)

Ohio	1-4982	34-0451060
(State or Other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

6035 Parkland Blvd. 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 February 3, 2005, Parker-Hannifin Corporation posted on its website, www.phstock.com, Business Segment Information by Industry for each quarter of fiscal 2004 and the first two quarters of fiscal 2005 restated to reflect the reclassification of a business unit from the Industrial Segment to the Aerospace Segment and the reclassification of a divested business unit from the Other Segment to discontinued operations. A copy of the restated Business Segment Information by Industry is filed as Exhibit 99.1 of this report.

Item 9.01 Financial Statements and Exhibits

(c) Exhibits:

99.1 Business Segment Information by Industry - Restated

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/ Timothy K. Pistell
	Timothy K. Pistell
	Vice President Finance and Administration and Chief Financial Officer

Date: February 3, 2005

EX-99.1

Exhibit 99.1

BUSINESS SEGMENT INFORMATION BY INDUSTRY - Restated

Industrial & Aerospace restated for reclass of a business unit

Other restated for the divestiture of business unit

	Fiscal 2004											Fiscal 2005
(Dollars in thousands)	9/30/2003		12/31/2003		3/31/2004			6/30/2004		Total		9/30/2004		12/31/2004
Net sales
Industrial:
North America	$	667,777	$	685,412	$	815,239		$	848,392	$	3,016,820	$	832,338	$	819,243
International		421,824		441,445		541,634			564,824		1,969,727		548,973		583,221
Aerospace		284,631		289,792		314,651			326,846		1,215,920		331,134		326,961
Climate & Industrial Controls		155,950		144,698		181,172			189,337		671,157		165,470		176,506
Other		31,923		31,993		26,361			34,860		125,137		42,053		36,956
Total	$	1,562,105	$	1,593,340	$	1,879,057		$	1,964,259	$	6,998,761	$	1,919,968	$	1,942,887
Segment operating income
Industrial:
North America	$	43,045	$	48,837	$	88,605		$	110,296	$	290,783	$	119,809	$	99,862
International		31,332		29,619		42,857			55,833		159,641		66,473		61,615
Aerospace		37,485		34,837		41,638			43,986		157,946		51,294		49,540
Climate & Industrial Controls		17,514		10,459		21,432			22,364		71,769		15,817		8,911
Other		2,175		983		(409	)		5,389		8,138		6,773		4,744
Total segment operating income		131,551		124,735		194,123			237,868		688,277		260,166		224,672
Corporate general and administrative expenses		22,919		25,087		25,435			32,840		106,281		25,355		30,616
Income from continuing operations before interest expense and other		108,632		99,648		168,688			205,028		581,996		234,811		194,056
Interest expense		21,751		17,267		17,229			16,972		73,219		16,216		17,288
Other		5,962		4,394		12,172			6,123		28,651		33,223		16,754
Income from continuing operations before income taxes	$	80,919	$	77,987	$	139,287		$	181,933	$	480,126	$	185,372	$	160,014