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Parker-Hannifin's (PH) CEO Thomas Williams on Q1 2018 Results - Earnings Call Transcript

Nov. 02, 2017 6:36 PM ETParker-Hannifin Corporation (PH)
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Parker-Hannifin Corp. (NYSE:PH) Q1 2018 Results Earnings Conference Call November 2, 2017 11:00 AM ET


Catherine Suever - EVP, Finance & Administration and CFO

Thomas Williams - Chairman and CEO

Lee Banks - President and COO


Adam Farley - Stifel Nicolaus

Joel Tiss - BMO Capital Markets

Jamie Cook - Credit Suisse

Mig Dobre - Robert W. Baird & Co.

Ann Duignan - JPMorgan

Joe Ritchie - Goldman Sachs

David Raso - Evercore ISI

Andy Casey - Wells Fargo Securities

Jeff Hammond - KeyBanc Capital Markets

Dillon Cumming - Morgan Stanley

Neil Frohnapple - Buckingham Research

Timothy Thein - Citi Research

Steve Volkmann - Jefferies


Good day, ladies and gentlemen, and welcome to the Q1 2018 Parker-Hannifin Corp. Earnings Conference Call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time. [Operator Instructions] As a reminder, today's conference is being recorded.

I would now like to turn the call over to Ms. Cathy Suever, Chief Financial Officer. Ma'am, you may begin.

Catherine Suever

Thank you, Chelsea. Good morning, and welcome to Parker-Hannifin's first quarter fiscal year 2018 earnings release teleconference. Joining me today are Chairman and Chief Executive Officer, Tom Williams; and President and Chief Operating Officer, Lee Banks. Today's presentation slides, together with the audio webcast replay, will be accessible on the company's investor information website at phstock.com for one year following today's call.

On slide number 2, you'll find the company's Safe Harbor disclosure statement addressing forward-looking statements, as well as non-GAAP financial measures. Reconciliations for any reference to non-GAAP financial measures are included in this morning's press release and are also posted on Parker's website at phstock.com.

Today's agenda appears on slide number 3. To begin, our Chairman and Chief Executive

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