SPY386.54-3.04 -0.78%
DIA314.19-1.40 -0.44%
IXIC13,358.79-230.04 -1.69%

DJ Parker Hannifin Says Aerospace Sector Bottoming Out -- Market Talk

· 02/04/2021 13:35

13:35 ET - "From our view, it looks like aerospace is finding bottom." So says Parker Hannifin CEO Tom Williams on a quarterly earnings call. The supplier's aerospace side is tied to both the commercial and military sectors, and covers engines, business aviation, helicopters, missiles and more, per an annual report. Commercial aviation, of course, has been hit dramatically by the pandemic. Parker Hannifin's aerospace business made up about 17% of sales during the company's F1H. Shares rise 2% to $276.57. (micah.maidenberg@wsj.com; @MicahMaidenberg)

(MORE TO FOLLOW) Dow Jones Newswires

February 04, 2021 13:35 ET (18:35 GMT)

Copyright (c) 2021 Dow Jones & Company, Inc.