Transport Topics Online  
The Newspaper of Trucking and Freight Transportation
Welcome  Guest  Log In         
10/31/2012 11:30:00 AM Write a Letter to the Editor Write a letter to the Editor

Eaton’s Third-Quarter Income Falls

Eaton Corp.’s third-quarter net income fell to $345 million, or $1.02 per share, from $365 million, or $1.07, a year ago.

Sales slipped 4% to $3.95 billion, the truck and auto components maker said.

Its truck segment’s sales dropped 23% to $549 million. The unit’s operating profit was $103 million, down 26% from last year’s.

Truck production fell 8%, with U.S. markets down 3% and non-U.S. markets down 11%, Eaton said.

Automotive segment sales declined 12% to $390 million, while operating profit fell 34% to $41 million. Global auto markets were flat.

Hydraulics sales rose 6% to $763 million, with an operating profit of $93 million, down from $109 million a year ago.

By Transport Topics

Follow Transport Topics on Subscribe to get up to the minute news briefs and more from our feeds. RSS Twitter Twitter Facebook Facebook

© 2012, Transport Topics Publishing Group. All rights reserved.


  RELATED ARTICLES

 
LATEST NEWS



 
LATEST JOBS
Follow Us

Newsletters

TTExpress
This free daily newsletter delivers the latest headlines.

TT Executive Suite
This subscriber-only newsletter program tailors your news.

Services

Advertising

TFM

EMU
iTech
© American Trucking Associations, Inc., All Rights Reserved TTNews.com Privacy Statement