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Posted July 30, 2019

Eaton sales up 1 percent

Eaton Corporation reported that sales in the second quarter of 2019 were $5.5 billion, up 1 percent over the second quarter of 2018.


The sales increase consisted of 2½ percent growth in organic sales, partially offset by 1½ percent negative currency translation.

Net income of $636 million, or $1.50 per diluted share, was up from $610 million, or $1.39, in the same period last year.

Hydraulics segment sales were $698 million, down 3 percent from the second quarter of 2018. Organic sales were flat, with negative currency translation of 3 percent. Operating profits in the second quarter were $80 million, down 21 percent from the second quarter of 2018.

“Orders in the second quarter decreased 8 percent from the second quarter of 2018, driven by continued weakness in the global mobile equipment market,” said Craig Arnold, Eaton chairman and chief executive officer.

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