Eaton Corp. 3Q Sales Up 25%
Diversified industrial manufacturer Eaton Corp., Cleveland, OH, reported sales of $4.1 billion for the third quarter, an increase of 25% over the same period a year ago. Profit was $315 million compared to $258 million in 2007, an increase of 22%.
Sales growth in the quarter consisted of 4% from organic growth, 19% from acquisitions, and 2% from exchange rates.
The severe issues in world financial markets have started to impact markets for our products. While it is not possible to forecast with precision the prospective impact upon our end markets, prudence suggests anticipating a significant slowdown,”CEO Alexander M. Cutler said. “While our year-over-year end market growth in the third quarter was 2 percent, we anticipate fourth quarter growth in our end …
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