Eaton reported record orders, stronger sales and margins, and raised its profit-per-share forecast. Aerospace profit rose more slowly than sales, and the agreed €810 million COL Group purchase carries a cost, but the broader results point to stronger prospects.
More orders and a larger backlog mean Eaton has more work lined up, especially in electrical equipment and aerospace. Aerospace profit grew more slowly than sales, but record margins and a higher company forecast support the positive reading.
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