April 16, 2007

Eaton Posts 5% Sales Gain in 1Q

Companies, Electrical, Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, reported an increase in sales of 5% in the first quarter 2007 to $3.2 billion. Profit was $234 million, up 15%.
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Sales growth in the first quarter included 1% from organic growth, 2% from acquisitions, and 2% from higher foreign exchange rates. End markets declined slightly more than 1% in the quarter, driven by the decline in the NAFTA heavy-duty truck market.
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Eaton reported it anticipates a decline of 3-4% in its end markets in 2007, due to the decline in the NAFTA heavy-duty truck market.
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Eaton saw weaker conditions in the first quarter in the North American markets for residential electrical equipment and hydraulics.
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Sales for the Electrical segment …

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Grainger Sales Up 9% in 1Q

Companies, Facilities Maintenance (MRO), Free, News, Subscriber Only, Top Distributor Sectors / MDM Staff

Grainger, Chicago, IL, reported sales of $1.5 billion in the first quarter, up 9% from the first quarter 2006. Profit increased 18% to $102 million.
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Daily sales increased 8% in January, 10% in February and 9% in March. The company’s sales were positively affected by 1 percentage point for strong sales of seasonal products and negatively affected by 1 percentage point as the company unwinds low-margin contracts for automotive and integrated supply customers.
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Sales in the branch-based segment in the U.S., Mexico and China increased 10% in the first quarter. Daily sales grew by 9% in January, 11% in February and 11% in March.
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Sales in the U.S. were up 10%. The strongest sales growth in the U.S. came from government customers followed by …

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April 16, 2007

Eaton Posts 5% Sales Gain in 1Q

Grainger Sales Up 9% in 1Q

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