Cleveland- Eaton announced its first-quarter net income of $0.91 per share for the first quarter of 2012, an increase of 10% from the same period in 2011. Sales reached a record for the next quarter, reaching US$4 billion, up 4% over the same period. Net profit for the quarter was US$311 million, up 8% from the same period last year. Alexander M. Cutler, Eaton’s chairman and chief executive officer, said: “Eaton’s first quarter 2012 sales, departmental operating margins and per-share benefits all set new records. And this quarter’s share per share Earnings exceeded the high point of our earnings forecast. We believe we will have 5% market growth throughout the year and are confident that the US market will grow faster than expected." He went on to say: “We look forward to another record year in 2012, achieving 7.5% sales growth and 14% growth in operating income per share. These growth figures are a strong testimony to our global economic downturn. Strong performance." Performance of each business group In the first quarter of 2012, the company’s electrical group business sales were $1.751 billion. Among them, the sales of the Americas Electric Business Market was US$1.1 billion, which was a 13% increase from the same period in 2011. The sales of electrical business in other regions of the company were US$651 million, a decrease of 12% over the same period. In the quarter, the sales volume of the company's hydraulic group business was US$735 million, which was 7% higher than the same period in 2011. The global hydraulic market grew by 4% compared to the same period last year. The operating profit for the quarter was US$109 million. Ke Renjie said: “In late February of this year, we announced the acquisition of Turkish hose manufacturer Polimer Kaucuk (SEL), which further expanded our product portfolio of hydraulic and industrial hoses and greatly expanded our global hose manufacturing layout. †In the first quarter, the Aerospace Group’s sales were US$430 million, an increase of 11% over the same period of last year; the Aerospace market was up 6% from the same period of last year; operating profit was US$60 million, an increase of 33% over the same period of last year. Sales of truck parts business in the first quarter were US$631 million, an increase of 10% from the same period in 2011; the truck market increased by 11% over the same period. The operating profit of the truck parts business was US$116 million, an increase of 29% compared to the same period last year. The sales of automotive components business was US$426 million, a decrease of 4% from the same period last year. The global auto market rose by 4%. The operating profit of the automotive business was US$44 million, a decrease of 12% from the same period of last year. PP Spunbond,PP Non Woven Fabric,PP Spunbond Non Woven,PP Spunbond Non Woven Fabric Zhejiang Changxing Vashinor Machinery Company , https://www.vashinor.com
June 28, 2021