Eaton Corporation announced record net income per share of $1.12 for the second quarter of 2012, an increase of 15 percent over the $0.97 earned in the second quarter of 2011. Sales in the second quarter were $4.1 billion, slightly below the second quarter of 2011. Net income in the second quarter was $382 million compared to $336 million in 2011.

Net income in both periods included charges for integration of acquisitions. Before these acquisition integration charges, operating earnings per share in the second quarter of 2012 were a record $1.15 compared to $0.97 per share in 2011, an increase of 19 percent. Operating earnings in the second quarter were $392 million compared to $338 million in 2011.

In the Hydraulics division, sales totaled 769-million dollars a 6% increase over the same period last year. Operating profit was also up 5% at 126-million dollars, although the profit margin fell 1/10th of 1 percent. Hydraulic sales were up 7% in the United Sates, but down 2% in non-US markets. More earnings reports ahead for companies with local ties to the area. Coming up Thursday will be the 3rd quarter earnings report from Siemens and second quarter earnings reports from ADM and Oneok will follow next week.