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Eaton 1st-Quarter Net Up 22% on Cooper Acquisition

Eaton Corp.'s (ETN) first-quarter earnings rose 22% with the help of its Cooper Industries acquisition, but the company's base sales without the benefit of Cooper weakened from declining demand for hydraulic gear and commercial truck components.Eaton's profit topped analysts' profit estimate and the company affirmed its 2013 profit outlook from January. But the multi-industry conglomerate said weak economic conditions are weighing on several of its businesses, particularly in Europe. Chairman and Chief Executive Alexander Cutler predicted the company's results this year will be "far more dependent upon our execution, then global growth.""It was a slow start [to 2013] and what we would characterize as sluggish global markets," said Mr. Cutler during a conference call Monday with analysts.Eaton expects the end markets it competes in will have overall sales growth of 2% to 3% this year over 2012, with the actual growth rate closer to 2%.Eaton's first-quarter base or core sales, which do n...

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  1. Eaton To Buy Cooper For $11.8 Billion In Cash And Stock

    Eaton Corp. (ETN) plans to acquire electrical equipment maker Cooper Industries PLC (CBE) in an $11.8 billion cash-and-stock deal that will expand Eaton's power mana...

  2. Eaton Scoops up Cooper Industries for $11.8B

    Eaton (NYSE:ETN) said Monday it will buy electrical equipment supplier Cooper Industries (NYSE:CBE) for $11.8 billion to grow its power business and further expand i...

  3. Paccar 1Q Profit Soars 69% Amid Growth In US, Canada

    DOW JONES NEWSWIRESPaccar Inc.'s (PCAR) first-quarter earnings surged 69% as the heavy-duty truck maker posted sharply higher truck sales revenue in the U.S. and Can...

  4. U.S. Truck Market Hasn't Hit The Skids --Eaton CEO

    (This article was originally published Monday.)The U.S. commercial truck market should generate solid growth this year after truck makers align their production with...

  5. Eaton 1Q Net Up 8.4% On Electrical Strength; Raises Full-Year View

    Eaton Corp.'s (ETN) first-quarter income rose 8.4%, as higher profit from the company's electrical products business in the U.S. offset lower sales and profit from e...

  6. Eaton Raises 2012 EPS Outlook With Deal For Turkish Hose Maker

    Eaton Corp. (ETN) raised its 2012 earnings forecast after announcing the acquisition of a hose manufacturer in Turkey.The purchase of Polimer Kau�uk Sanayi ve Pazarl...

  7. Analysis: CEOs count on cash to cushion default risk

    By Scott MaloneBOSTON (Reuters) - Memo to Washington from corporate America: unemployment is high, confidence is low and your bickering over the country's debt is th...

  8. Eaton Trumps Wall Street in 2Q, Raises Fiscal View

    Eaton (NYSE:ETN) on Monday posted 49% growth in second-quarter profit that topped Wall Street estimates as sales across its main segments continued to widen, leading...

  9. U.S. manufacturers see improving economy ahead

    By Scott Malone and Nick ZieminskiBOSTON/NEW YORK (Reuters) - A pair of top U.S. manufacturers beat Wall Street's profit expectations, as a recovering global economy...

  10. Eaton 1Q Boosted By Rebounding Demand

    Eaton (NYSE:ETN) revealed on Wednesday a stronger-than-expected 85% improvement in first-quarter profit, led by stronger worldwide demand for electrical and hydrauli...

  11. Eaton Corp profit beats Wall Street forecasts

    NEW YORK (Reuters) - Diversified U.S. manufacturer Eaton Corp <ETN.N> posted a higher-than-expected quarterly profit on Wednesday amid a recovery in auto and truck m...

  12. Eaton Raised CEO Cutler's Salary by 50% in 2010

    Eaton (NYSE:ETN) chief executive Alexander “Sandy” Cutler saw a 50% salary increase last year on a much higher year-over-year bonus. The Cleveland-based maker of ele...

  1. Eaton Net Up 22% on Acquisition

    Driven by its monster acquisition of Cooper Industries, Eaton (NYSE:ETN) said Monday that its first-quarter sales and earnings skyrocketed to record levels, however ...

  2. Eaton CEO's 2012 Compensation Up 50% On Tax Benefit From Cooper Deal

    Eaton Corp. PLC. (ETN) reported Friday that Chairman and Chief Executive Alexander Cutler's 2012 compensation increased 50% as a result of an $11.4 million tax benef...

  3. Eaton's Cutler Sees Slightly Lower North American Heavy-Truck Production

    Eaton Corp. (ETN) on Tuesday forecast slightly lower production of heavy-duty commercial trucks this year in North America.Eaton, a major supplier of transmissions t...

  4. Eaton Corp. 4th-Quarter Net Falls 51%; Upbeat about Cooper Acquisition

    Sharply lower demand from manufacturers for construction machinery and commercial trucks drove Eaton Corp.'s (ETN) fourth-quarter profit down 51%, increasing the pre...

  5. Sandy spending hopes drive rally for recovery companies

    Hurricane Sandy has caused tens of billions of dollars in damage up and down the U.S. East Coast, but the recovery and reconstruction spending that will follow could...

  6. Eaton 2nd-Quarter Profit Up 14%; Revenue Falls

    Eaton Corp.'s (ETN) second-quarter profit rose 14%, but revenue dropped as weakening demand from overseas markets caused the company to scale back its revenue and ea...

  7. Eaton 2nd-Quarter Net Up 14%;Revenue Down on Overseas Markets

    Eaton Corp.'s (ETN) second-quarter profit rose 14%, but revenue unexpectedly dropped as weakening demand from overseas markets caused the company to scale back its r...

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