Eaton reports 7 percent sales gain
Eaton Corporation reported sales in the second quarter of 2018 were $5.5 billion, up 7 percent over the same period in 2017.
The sales increase consisted of 7 percent growth in organic sales and 1 percent increase from positive currency translation, partially offset by a negative 1 percent from the divestiture in 2017 of Eaton's share in a small electrical joint venture and also the formation of the Eaton Cummins joint venture.
Net income was $610 million, up 18 percent over $516 million in the second quarter of 2017. Earnings per share of $1.39 compared to $1.15 in last year's second quarter.
Hydraulics segment sales were $723 million, up 14 percent over the second quarter of 2017. Organic sales were up 13 percent and currency translation was positive 1 percent.
INDUSTRIAL SUPPLY MAGAZINE
The March/April issue of Industrial Supply magazine features an in-depth cover story about Joyce Lansdale and Vallen. Plus, we're featuring articles by contributing writers Dirk Beveridge, Frank Hurtte, and David Kahle, as well as interviews with numerous product and distribution industry experts.
