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Eaton Reports First Quarter Net Income of $1.00 Per Share, More Than Double First Quarter Last Year.
Business Editors
CLEVELAND--(BUSINESS WIRE)--April 14, 2003
Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) today announced net income per share of $1.00 for the first quarter of 2003, an increase of 113 percent over net income per share of $.47 in the first quarter of 2002. Sales in the quarter were $1.92 billion, 12 percent above last year. Net income was $72 million compared to $33 million in 2002.
Net income in both periods included charges related to restructuring activities. Before these charges, 2003 first quarter operating earnings per share were 14 percent above 2002, with 2003 operating earnings per share of $1.06 ...
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