HUTCHINSON, Kan. — Eaton Corporation today announced operating earnings per share for the fourth quarter of $1.17, which exclude charges of $0.02 per share to integrate recent acquisitions, a decrease of 8 percent from the fourth quarter of 2014.
Sales in the quarter were $5.1 billion, down 9 percent from the same period in 2014. Operating earnings for the fourth quarter of 2015, which exclude charges of $14 million to integrate recent acquisitions, were $541 million compared to $602 million in the fourth quarter of 2014.
Hydraulics segment fourth quarter sales were $552 million, down 18 percent from the fourth quarter of 2014. Organic sales declined 12 percent, and negative currency translation was another 6 percent. Operating profits in the fourth quarter were $62 million, down 24 percent from the fourth quarter of 2014.
For the full year 2015, sales were $20.9 billion, 7 ½ percent lower than in 2014.