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Diversified industrial manufacturer Eaton Corp. (NYSE: ETN), Dublin, Ireland, reported sales for the third quarter of $5 billion, a 4 percent decrease over the same period a year ago. Profit increased 17.3 percent to $523 million.
Electrical products sales were flat year-over-year at $1.8 billion, and sales for electrical systems and services were down 3 percent to $1.4 billion.
Hydraulics sales were $562 million, down 6 percent compared to the prior year quarter, aerospace sales decreased 3 percent to $436 million and vehicle sales decreased 12 percent to $768 million.
For the first nine months, sales were $14.9 billion, down 5.8 percent over the same period a year ago. Profit decreased 2 percent to $1.4 billion.