The 2020 Mid-Year Economic Update_long

Eaton Sales Up 2.3% in 2014

Eaton's fourth-quarter sales were up 0.5 percent.

Diversified industrial manufacturer Eaton Corp. (NYSE: ETN), Dublin, Ireland, reported 2014 sales were $22.6 billion, an increase of 2.6 percent from the previous year. Profit decreased to $1.8 billion.

“During 2014, our markets grew more slowly than we had expected. Despite that, operating earnings per share grew 13 percent, reflecting strong performance by our businesses as well as success in achieving the integration savings targeted from the Cooper acquisition," said Alexander M. Cutler, CEO of Eaton.

Sales for the fourth quarter were $5.6 billion, an increase of 0.5 percent year-over-year. Profit grew 21.3 percent to $585 million.

Electrical products sales for the quarter were up 2 percent to $1.8 billion. Fourth-quarter revenues for the electrical systems and services segment were $1.7 billion, a slight increase from the previous year.

Revenues for the hydraulics segment were $673 million, down 6 percent, while revenues for aerospace segment were $456 million, an increase of 2 percent. Revenues for the vehicle segment increased 4 percent year-over-year to $965 million for the quarter.

About the Author
Leave a Reply

Leave a Comment

Sign Up for the MDM Update Newsletter

The MDM update newsletter is your best source for news and trends in the wholesale distribution industry.

By subscribing, you are agreeing to MDM’s Privacy Policy.

0

articles left

This is your last free article

Subscribe to MDM Premium today and get:

  • Unlimited access to MDM.com
  • 1 year digital subscription, with new issues twice a month
  • Trends analysis, market data and quarterly economic updates
  • Deals on select store products and events

2

articles left

Want more Premium content from MDM?

Subscribe today and get:

  • New issues twice each month
  • Unlimited access to mdm.com, including 10+ years of archived data
  • Current trends analysis, market data and economic updates
  • Discounts on select store products and events

1

article
left

You have one free article remaining

Subscribe to MDM Premium to get unlimited access. Your subscription includes:

  • Two new issues a month
  • Access to 10+ years of archived data on mdm.com
  • Quarterly economic updates, trends analysis and market data
  • Store and event discounts

To continue reading, you must be an MDM Premium subscriber.