Eaton Posts 70 Percent Jump In Fourth-Quarter Net Profit

At Eaton Corp., Cleveland, fourth-quarter profit soared 70 percent, spurred by stronger sales in its electrical and truck segments.

In a recent press release, Eaton reported net income of $114 million, or $1.44 a share, compared with $67 million, or 94 cents a share, a year earlier. Eaton also announced plans to initiate a 2-for-1 stock split and repurchase 2.1 million shares on a pre-split basis.

The company’s fourth-quarter sales increased 17 percent to $2.08 billion from $1

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