Eaton Reports Record 2Q Sales, Income

July 17, 2006 8:40 AM, EDT

Click here to write a Letter to the Editor.

ehicle parts maker Eaton Corp. Monday reported record sales and income for the second quarter.

Eaton earned $253 million or $1.64 a share, compared with $209 million or $1.37 a year earlier.

Second-quarter sales jumped 12% to $3.2 billion, Eaton said in a statement.

The company also boosted its quarterly dividend to 39 cents a share, from 35 cents. The dividend will be payable Aug. 25 to shareholders of record as of Aug. 7.

The company said its third-quarter earnings per share would be $1.50 to $1.60 per share and that its markets would grow 4% to 5% this year.