Eaton sales up 1 percent
Eaton Corporation plc reported sales in the second quarter of 2017 were $5.1 billion, up 1 percent over the same period in 2016.
The sales increase consisted of 2 percent growth in organic sales partially offset by a 1 percent decline from negative currency translation.
Net income of $516 million was up 4.9 percent from $492 million in the second quarter of 2016.
Hydraulics segment sales were $633 million, up 7 percent over the second quarter of 2016. Organic sales were up 9 percent partially offset by negative currency translation of 2 percent.
“Hydraulics orders in the second quarter of 2017 were up 32 percent over the second quarter of 2016, with solid growth in all geographic regions,” said Arnold. “We continued to see order strength from both OEMs and distributors,” said Craig Arnold, Eaton chairman and chief executive officer.
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.
