For the full year 2012, sales were $16.3 billion, 2 percent higher than 2011. Net income was $1.22 billion, and net income per share was $3.46. Operating earnings in 2012 totaled $1.38 billion, an increase of 2 percent compared to 2011. Operating earnings per share for 2012 were $3.94 versus $3.96 in 2011.“Our full year 2012 sales increase of just 2 percent reflects the impact of continued uncertainty about economic growth in all major regions of the world,” said Cutler. “Looking back at 2012, while weak economic conditions impacted our sales growth, with the acquisition of Cooper, 2012 will go down in Eaton’s history as a year of immense transformation.
Eaton Reports Fourth Quarter Net Income Of $0.46 Per Share
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