Posted April 30, 2019

Eaton sales grow by 1 percent

Eaton Corporation said its sales in the first quarter of 2019 were $5.3 billion, up 1 percent over the same period in 2018.

The sales increase consisted of 4 percent growth in organic sales, partially offset by 3 percent negative currency translation.

Net income of $522 million, or $1.23 per diluted share, compared to $488 million, or $1.10, in the same period last year.

Hydraulics segment sales were $686 million, down 3 percent from the first quarter of 2018. Organic sales were up 1 percent, more than offset by negative currency translation of 4 percent. Operating profits in the first quarter were $80 million, down 11 percent from the first quarter of 2018.