Eaton’s 2016 net income slips 2.7% y/y to USD1.9 billion
Expects 2017 sales to remain stable
Eaton reported a 2.7% year-over-year (y/y) decline in net income to USD1.9 billion in the financial year ended 31 December 2016, the company said in a press release last week. The company witnessed lower net income as net sales dropped 5.3% y/y to USD19.7 billion. Eaton’s operating income remained stable at USD2.1 billion. The company recorded operating cash flow of USD2.6 billion.
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