Diversified industrial manufacturer Eaton Corporation, Cleveland, OH, reported sales of $3.25 billion in second quarter 2007, up 4% over the same period a year ago. Profit was $246 million, a decrease of 3%.
End markets were reported to have declined by 4%, due principally to the anticipated decline in the NAFTA heavy-duty truck market.
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The manufacturer reported slightly stronger growth in the electrical markets, offset by weaker-than-anticipated conditions in the North American hydraulics markets.
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Eaton has closed seven acquisitions in the first half of the year, with the majority of acquisition spending in aerospace and electrical power quality.
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Business Segment Results
Second quarter sales for the Electrical …
