Eaton saw a record fourth quarter in 2011. The company's truck segment saw significant year-over-year growth.
Eaton's truck segment posted sales of $680 million in the fourth quarter, up 31% compared to 2010.
Truck markets in the fourth quarter grew 27%, with U.S. markets up 52% and non-U.S. markets up 10%. Operating profits were $137 million, more than double the operating profits in the fourth quarter of 2010.
"For 2012, we expect good market growth, driven by the continued rebound in NAFTA Class 8 truck production," says Alexander M. Cutler, Eaton chairman and CEO. "We anticipate our overall truck markets will grow 9%, with U.S. markets growing 16% and non-U.S. markets growing 4%."
In its earnings release, Eaton's board of directors announced a 12% increase in the quarterly dividend from $0.34 per common share to $0.38 per common share.
Eaton's truck segment posted sales of $680 million in the fourth quarter, up 31% compared to 2010.
Truck markets in the fourth quarter grew 27%, with U.S. markets up 52% and non-U.S. markets up 10%. Operating profits were $137 million, more than double the operating profits in the fourth quarter of 2010.
"For 2012, we expect good market growth, driven by the continued rebound in NAFTA Class 8 truck production," says Alexander M. Cutler, Eaton chairman and CEO. "We anticipate our overall truck markets will grow 9%, with U.S. markets growing 16% and non-U.S. markets growing 4%."
In its earnings release, Eaton's board of directors announced a 12% increase in the quarterly dividend from $0.34 per common share to $0.38 per common share.
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