Eaton sales up 1 percent
Eaton Corporation plc announced that sales in the first quarter of 2017 were $4.8 billion, up 1 percent over the same period in 2016.
The sales increase consisted of 2 percent from growth in organic sales partially offset by a 1 percent decline from negative currency translation.
Net income of $432 million, or 96 cents per share, compared to net income of $403 million, or 88 cents, in the first quarter of 2016.
Hydraulics segment sales were $587 million, up 7 percent over the first quarter of 2016. Organic sales were up 9 percent partially offset by negative currency translation of 2 percent. Operating profits in the first quarter were $60 million, an increase of 46 percent over the first quarter of 2016, with the increase driven by higher organic revenues and lower restructuring costs.
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.
