Posted November 1, 2016

Eaton sales down 4 percent

Eaton Corporation reported sales in the third quarter of 2016 were $5.0 billion, down 4 percent from the same period in 2015.

The sales decline consisted of 3 percent from a decline in organic sales and 1 percent from negative currency translation.

Net income of $522 million, or $1.15 per share, compared to income of $445 million, or 96 cents, in the third quarter of 2015.

Hydraulics segment sales were $562 million, down 6 percent from the third quarter of 2015, entirely due to a decline in organic sales.