Industrial manufacturer Eaton Corporation (NYSE:ETN) of
Cleveland announced record net income per share of $1.12 for the second quarter
of 2012, an increase of 15% over the $0.97 earned in the second quarter of
Sales in the second quarter were $4.1 billion, slightly
below the second quarter of 2011. Net income in the second quarter was $382
million compared to $336 million in 2011.
Net income in both periods included charges for integration
of acquisitions. Before these acquisition integration charges, operating
earnings per share in the second quarter of 2012 were a record $1.15 compared
to $0.97 per share in 2011, an increase of 19%.
Operating earnings in the second quarter were $392 million
compared to $338 million in 2011.
Eaton to pay out quarterly
Eaton Corporation also recently announced a quarterly dividend of
$0.38 per common share to shareholders of record. Payable on August 24, 2012,
the quarterly dividend will be distributed at the close of business on August
6. The diversified power management company has paid dividends on its common
shares on an annual basis since 1923.
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