HUTCHINSON, Kan. — As expected, Eaton reported lower earnings from the same quarter last year due to acquisitions
and litigation against the company. The Dublin, Ireland-based company posted quarterly net income attributable to shareholders of $171 million, or $0.36 per share, compared to $494 million, or $1.04 per share, in the year-ago period.
Eaton’s sales climbed 3% to $5.77 billion versus $5.60 billion. However, analysts were expecting earnings of $1.14 per share on revenue of $5.79 billion.
Closer to home, Eaton’s hydraulics segment sales gained 2% to $787 million, although its operating profit fell 12% from $112 million in 2013, to $99 million this year.