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.
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.
