Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, reported sales of $3.25 billion in second quarter 2007, up 4% over the same period a year ago. Profit was $246 million, a decrease of 3%.
End markets were reported to have declined by 4%, due principally to the anticipated decline in the NAFTA heavy-duty truck market.
; The manufacturer reported slightly stronger growth in the electrical markets, offset by weaker-than-anticipated conditions in the North American hydraulics markets.   ; Eaton has closed seven acquisitions in the first half of the year, with the majority of acquisition spending in aerospace and electrical power quality.   ; Business Segment Results Second quarter sales for the Electrical segment were up 11%. End markets for the electrical business grew 4%, with strong growth in non-residential electrical and power quality markets offsetting weakness in residential electrical and industrial controls markets.   ; In the Fluid Power segment, second quarter sales were 12% above the second quarter of 2006. Excluding the impact of acquisitions, second quarter sales were up 5% compared to 2006. Fluid Power markets grew 2% compared to the same period in 2006, with global hydraulics shipments flat, the commercial and business jet aerospace market up 7%, the defense aerospace market up 6%, and European automotive production up 1%.   ; The Truck segment posted sales of $498 million in the second quarter, down 23% compared to 2006. NAFTA heavy-duty production was down 51% compared to 2006, NAFTA medium-duty production was down 27%, European truck production was up 5%, Brazilian vehicle production was up 11%, and Brazilian agricultural equipment production was up 30%.   ; The Automotive segment posted second quarter sales of $442 million, a 7% increase over the second quarter of 2006. Automotive production in NAFTA was down 2% and in Europe was up 1%, compared to the second quarter of 2006.   ; Eaton Corporation is a diversified industrial manufacturer with 2006 sales of $12.4 billion.