Eaton sales climb 10%
Eaton Corporation announced sales in the fourth quarter of 2011 were $4.0 billion, 10 percent higher than the same period in 2010.
Net income was $362 million compared to $280 million in 2010, an increase of 29 percent.
For the full year 2011, sales were $16.0 billion, 17 percent higher than 2010. Net income was $1.35 billion, an increase of 45 percent over 2010.
In the Hydraulics segment, fourth quarter sales were $705 million, 23 percent higher than the fourth quarter of 2010. Hydraulics markets in the fourth quarter grew 9 percent compared to the same period in 2010, with U.S. markets up 16 percent and non-U.S. markets up 3 percent.
"The global hydraulics market had another quarter of strong growth, capping an outstanding year in which our global hydraulics markets grew by 18 percent. Our bookings in the quarter grew 5 percent over the fourth quarter of 2010," said Alexander M. Cutler, Eaton chairman and chief executive officer. "For 2012, we anticipate global hydraulics markets will increase by 4 percent, with U.S. markets up 6 percent and non-U.S. markets up 2 percent."
INDUSTRIAL SUPPLY MAGAZINE
The May/June issue of Industrial Supply magazine features an in-depth cover story about GHX Industrial. Plus, we're featuring articles by contributing writers Dr. Bharani Nagarathnam and Frank Hurtte, as well as interviews with numerous product and distribution industry experts.
