Eaton sales down 4 percent
Eaton Corporation reported sales in the third quarter of 2016 were $5.0 billion, down 4 percent from the same period in 2015.
The sales decline consisted of 3 percent from a decline in organic sales and 1 percent from negative currency translation.
Net income of $522 million, or $1.15 per share, compared to income of $445 million, or 96 cents, in the third quarter of 2015.
Hydraulics segment sales were $562 million, down 6 percent from the third quarter of 2015, entirely due to a decline in organic sales.
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.
