Eaton sales up 28 pct on higher demand for electrical products
Feb 4 (Reuters) - Diversified manufacturer Eaton Corp's fourth-quarter revenue rose 28 percent, helped by higher demand for electrical products and systems.
Sales rose to $5.53 billion in the quarter ended Dec. 31, from $4.33 billion a year earlier.
The company, whose products range from truck transmissions to aircraft fuel systems, said net income rose to $479 million, or $1.00 per share, from $179 million, or 46 cents per share.
Eaton's year-earlier quarter included costs related to the acquisition of Cooper Industries.
Eaton reported operating earnings per share of $1.08.
Sales in its electrical products business jumped 57 percent to $1.8 billion.
Trending On Reuters
We are living longer but not creating financial plans to keep pace. Advisers give tips on how to make sure you don’t outlive your money. Video