Auto parts maker Eaton Corp posted higher-than-expected quarterly profit on Monday, citing cost cuts, early signs of recovery in its markets, and a boost from the weak US dollar, but sales reportedly fell short of expectations.
Auto parts maker Eaton Corp posted higher than expected quarterly profit on Monday, citing cost cuts, early signs of recovery in its markets, and a boost from the weak US dollar, but sales reportedly fell short of expectations.
Eaton reported net income of US$193m, or $1.14 per share, down from $318m, or $1.87 per share a year earlier. Excluding acquisition-related charges, Eaton earned $1.21 per share, Reuters reported. Sales fell 26% to $3.03bn.
Analysts, on average, were expecting Eaton to earn 92 cents per share, on sales of $3.13bn, according to Thomson Reuters.
Sign up for our daily news round-up!
Give your business an edge with our leading industry insights.
Nominations are now closed for the Just Auto Technology Excellence Awards. A big thanks to all the organisations that entered – your response has been outstanding, showcasing exceptional innovation, leadership, and impact.
Excellence in Action Continental has secured the Window Displays Innovation Awardin the 2025 Just Auto Excellence Awards for its Window Projection solution, transforming side windows into dynamic, data-rich canvases. Discover how this compact projection technology and intelligent software are reshaping in-car UX and opening fresh revenue streams for OEMs and mobility providers.
