In the Hydraulics segment, fourth quarter sales were $693 million, 2 percent lower than the fourth quarter of 2011. The 2 percent sales decline was made up of 10 percent growth from acquisitions offset by an 11 percent decline in core growth and a 1 percent decline from foreign exchange. Hydraulics markets in the fourth quarter declined 11 percent compared to the same period in 2011, with U.S. markets down 9 percent and non-U.S. markets down 12 percent.Operating profits in the fourth quarter were $44 million. Excluding acquisition integration charges of $7 million in the fourth quarter of 2012, operating profits were $51 million, down 52 percent from the fourth quarter of 2011.
Eaton Reports Fourth Quarter Net Income Of $0.46 Per Share
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