Eaton Sales Grow 13% in 3Q
Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, sales for the third quarter 2006 were up 13% from the same period a year ago. Sales were $3.12 billion. Net income rose 25% to $248 million.
'We expect the growth rate in our overall end markets to weaken slightly in the fourth quarter, id=bwanpa11>' said Chairman and CEO Alexander M. Cutler. id=bwanpa12>'While the non-residential electrical and hydraulics markets remain strong, and the heavy-duty truck market should post a strong finish to the year, markets likely to weaken during the quarter are the residential construction market for our electrical products, North American and Brazilian automotive production, and Brazilian agricultural equipment ...