Eaton Corp. (NYSE:ETN) announced it has agreed to acquire Polimer Kauçuk Sanayi ve Pazarlama A.Ş., a Turkish manufacturer of hydraulic and industrial hose.
Eaton Corp. reported that its fourth-quarter net income attributable to common shareholders increased to $362 million from $280 million in the year ago quarter. Net income per share was $1.07, a 30% increase over net income per share of $0.82 in the fourth quarter of 2010.
Eaton Corp. has announced a new generation of proportional valves created to provide integrated programmable control capabilities in sophisticated electro-hydraulic axis control applications. Eaton’s new AxisPro valves are designed to support both centralized and distributed axis control architectures in high-performance applications.
Eaton Corp. has launched a new technology that enables reporting of imminent hose assembly failure by means of real-time monitoring of high pressure hose assemblies used in hydraulic systems. Eaton’s LifeSense hose, a patented hydraulic hose condition monitoring system, was developed in conjunction with Purdue University and the Purdue Research Foundation’s Office of Technology Commercialization.
Eaton Corp. has announced that its Vickers 35V Series vane pumps have been tested and qualified to operate at full pressure ratings with good quality, water-glycol hydraulic fluids.
Eaton Corp. announced net income per share of $0.83 for the first quarter of 2011, an increase of 80% over the first quarter of 2010. Sales in the quarter were $3.8 billion, 23% above the same period in 2010. Net income was $287 million, up 85% over the first quarter of 2010.
Eaton Corp. has announced the introduction of its line of next generation proportional directional valves designed to provide integrated programmable control capabilities in sophisticated electro-hydraulic applications.
Eaton Corp. announced the availability of new Guardian hose sleeve that protects equipment operators from potential injuries resulting from hose failures.
Eaton Corp. announced it has agreed to acquire Internormen Technology Group, a leader in hydraulic filtration and instrumentation. The deal is subject to customary closing conditions and terms were not disclosed.
I found it enlightening being on Eaton’s 2010 Q4 earnings call this morning. Sandy Cutler, Eaton’s CEO, said that the hybrid market had grown mostly in foreign markets where governments were helping to subsidize green efforts.