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Power management company Eaton Corp. (NYSE: ETN), Dublin, Ireland, reported sales for the first quarter of $4.8 billion, a decrease of 8 percent from the prior-year quarter. Profit decreased 13 percent to $404 million.
In the first quarter, electrical products sales were down 1 percent year-over-year to $1.7 billion and electrical systems and services sales were down 7 percent to $1.3 billion.
Hydraulics sales were down 17 percent to $551 million, while aerospace sales were down 4 percent to $445 million. And vehicle segment sales were down 17 percent to $795 million.