You searched for Eaton - Page 18 of 20 - Modern Distribution Management

Log In

Search

Search Results for: Eaton – Page 18

Companies
  • Premium

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 …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Free
  • Premium

News Digest 3819

The subsidiary of Kaman Corp., Bloomfield, CT, Kaman Industrial Technologies Corp., has acquired Industrial Rubber and Mechanics, Inc. of Puerto Rico. INRUMEC will become part of Kaman’s industrial distribution segment. INRUMEC is a distributor of fluid power products; industrial and hydraulic hoses; belting and conveyer systems; pipe, tube, fittings and valves; and packaging machinery to such diverse markets as food, beverage, pharmaceutical, cement and aggregate. The company is also a manufacturer of hydraulic hose assemblies for the same end markets. More
Valley National Gases, LLC, Independence, OH, has agreed to acquire General Welding Supply, Martins Ferry, OH, and its affiliates. Valley …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Companies
  • Premium

Eaton Acquires Integrated Hydraulics

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has acquired Integ Holdings Ltd., the parent company of Integrated Hydraulics Ltd., a U.K. manufacturer of screw-in cartridge valves, custom-engineered hydraulic valves and manifold systems.
 
This acquisition expands the geographic presence of Eaton’s hydraulics business, enhances its current hydraulic product portfolio and helps us become a more significant partner for European customers,”said William R. VanArsdale, president -Eaton’s Hydraulics Business. The company employs approximately 290 people.
 
Eaton is a diversified power management company with 2007 sales of $13 …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Free
  • Premium

MDM News Digest 3815

Industrial Distribution Group Inc., Atlanta, GA, distributor of maintenance, repair, operating and production (MROP) products and integrated supply services to manufacturers and other industrial users, is now owned by an affiliate of Luther King Capital Management. We are delighted that the merger with Eiger (the affiliate of Luther King) has been successfully completed,”said Charles A. Lingenfelter, IDG’s president and CEO. “The consummation of this transaction enables us to focus our full attention on our customers and suppliers. We will be a more agile company with the ability to adapt more swiftly in response to market changes.”Before the merger agreement, Luther King owned 14.9 percent of IDG common stock. <a ...

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Companies
  • Premium

Eaton Buys Indian Engine Valves Business

Eaton Corp., Cleveland, OH, has acquired the engine valves business of Indian company Kirloskar Oil Engines Ltd.
 
Through this acquisition, we will be able to use our global resources to meet the needs of the domestic Indian customer base and provide support to our customers around the world,”said Joseph P. Palchak, CEO -Automotive Group. “In addition, Kirloskar’s new facility in Ahmednagar, India, provides Eaton with a first-class valve facility, expansion opportunities and an experienced workforce.”
 
The engine valves business of Kirloskar Oil Engines Ltd. employs 500 people in India and had 2007 sales of $5 million. The business designs, manufactures and sells intake and exhaust valves for diesel and gasoline engines.
 
Eaton is a diversified …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Companies
  • Premium

Eaton Sales Grow 32% in 2Q

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, reported sales of $4.28 billion for second quarter 2008, 32% above the second quarter of 2007. Profit was $333 million, an increase of 35% over the same quarter in 2007.
 
Sales growth in the second quarter consisted of 19% from acquisitions, 8% from organic growth, and 5% from exchange rates.
 
Our businesses performed extremely well in the second quarter, generating strong sales growth and record profits. We were able to achieve these results despite the nearly 40% rise in oil prices during the quarter,” said Alexander M. Cutler, Eaton CEO.
 
“With 20% of our revenue from emerging countries and with continued strength in many of our product markets, we believe we are well-positioned to …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Companies
  • Premium

Eaton Sales Grow 12% in First Quarter

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, reported sales for the first quarter 2008 were $3.5 billion, 12% above the same period in 2007. Profit was $247 million.
 
Sales growth was the results of 2% organic growth, 6% from acquisitions and 4% from higher exchange rates. End markets for Eaton grew 2%.
 
Eaton reported it anticipated growth of 4% in its end markets in 2008, with international markets modestly stronger” than expectations in January and U.S. markets “slightly weaker.”
 
Sales for the Electrical segment were $1.3 billion, up 20% over 2007. This includes 11% growth from acquisitions. Eaton reported end markets in electrical grew 7% in both U.S. and non-U.S. markets.
 
Hydraulics segment sales were $657 million, …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Free
  • Premium

MDM News Digest 3805

Airgas, Inc., Radnor, PA, has acquired Northeast Gas Technologies Ltd., Albany, NY-based distributor of industrial, medical, and specialty gases and related supplies. The business, with five locations in upstate New York and Vermont, generated $10 million in revenues in 2007. More
Industrial distributor Lewis Goetz and Company Inc., Pittsburg, PA, has acquired JA-MAR Conveyor and Components, a regional conveyor system installation and service company in Bellaire, OH. More
Noland Company, Newport News, VA, has opened a 3,500-square-foot remodeled Bath &Idea Center at the Charleston, SC, for customers of contractors …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Electrical
  • Premium

Eaton Buys Most of Phoenixtec Power Company

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, has acquired 91% of Phoenixtec Power Company Ltd., a company listed on the Taiwan Stock Exchange.

Assuming all outstanding shares are ultimately acquired, Eaton expects to pay a total purchase price, net of cash and debt on Dec. 31, 2007, of $568 million for Phoenixtec.

Phoenixtec manufactures single- and three-phase uninterruptible power supply (UPS) systems that are sold globally. Phoenixtec has positions in China, Southeast Asia and Eastern Europe. Based in Taipei, the company has manufacturing facilities in China and Taiwan, and employs 5,800 people.

Eaton Corporation is a diversified industrial manufacturer with 2007 sales of $13 …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.
Free
  • Premium

Eaton Sales Up 7% to $13B in 2007

Diversified industrial manufacturer Eaton Corp., Cleveland, OH, reported sales for 2007 were up 7% to $13 billion. Profit was $994 million, an increase of 5%.
 
In the fourth quarter, sales were $3.4 billion, 10% above the same period in 2006, and profit was $256 million, an increase of 6%.
 
Sales growth in the fourth quarter included 4% from acquisitions, 4% from higher exchange rates and 2% from organic growth.
 
Looking at 2007 as a whole, we had a very strong year,”said Alexander M. Cutler, Eaton CEO. “Our sales in 2007 grew 7 percent despite the downturn in the NAFTA class 8 truck market, and our operating earnings per share grew 8 percent. … And we concluded the year by announcing two significant acquisitions — Moeller and Phoenixtec …

To access this page, you must purchase MDM Premium Subscription, MDM Premium Subscription – Monthly or MDM Premium Subscription – Annually.

Publication Date

Format

Topic

Author

Register for full access

By providing your email, you agree to receive announcements from us and our partners for our newsletter, events, surveys, and partner resources per MDM Terms & Conditions. You can withdraw consent at any time.

Learn More about Custom Reports

Request a Market Prospector Demo

  • This field is for validation purposes and should be left unchanged.

Get the MDM Update Newsletter

Wholesale distribution news and trends delivered right to your inbox.

Sign-up for our free newsletter and get:

  • Up-to-date news in a quick-to-read format
  • Free access to webcasts, podcasts and live events
  • Exclusive whitepapers, research and reports
  • And more!