For all of the worries about another slowdown in the economy, many industrial conglomerates are reporting solid growth in calendar second quarter results. Eaton (NYSE:ETN) is clearly among them. What is interesting, though, is the extent to which this growth has been bulwarked by the emerging markets - a circumstance that is tiding over many of these companies in lieu of a stronger domestic market.
Solid Second Quarter Results
For the Q2, Eaton reported that revenue grew more than 21%. Stripping out acquisitions, foreign currency and the like, organic growth was more on the order of 14%. Unusual for many industrial companies, Eaton management also provides its opinion on end market growth, and it believes its end markets grew 12% in the quarter - suggesting some meaningful share growth for the company.
To continue, please follow the link below:
http://stocks.investopedia.com/stock-analysis/2011/Eatons-Growth-Still-Industrial-Strength-ETN-SI-EMR-HON-CAT-CMI-PLL0730.aspx
No comments:
Post a Comment