Eaton (ETN) to Acquire Turkish Hose Maker; Boosts FY12 EPS Outlook
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Cash dividends paid per common share: 0.76
Today's EPS Names:
BTTX, VAXX, ELYS, More
Financial Fact:
Cash dividends paid per common share: 0.76
Today's EPS Names:
BTTX, VAXX, ELYS, More
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Eaton Corporation (NYSE: ETN) today announced it has agreed to acquire Polimer Kauçuk Sanayi ve Pazarlama A.Ş., a Turkish manufacturer of hydraulic and industrial hose. The company’s headquarters are located near Istanbul and many of its products are sold globally under the SEL Hose brand name. The company’s primary markets include construction, mining, agriculture, oil and gas, manufacturing, food and beverage, and chemicals. The deal is subject to customary closing conditions. Terms were not disclosed.
As a result of the planned acquisition, Eaton is increasing its guidance for 2012 earnings per share by $.03 to between $4.13 and $4.53. The Street sees EPS of $4.41.
Before acquisition integration charges, operating earnings per share are expected to increase by $.05 to between $4.20 and $4.60.
The company announced its initial 2012 earnings per share forecast in its fourth quarter earnings results on January 26, 2012.
As a result of the planned acquisition, Eaton is increasing its guidance for 2012 earnings per share by $.03 to between $4.13 and $4.53. The Street sees EPS of $4.41.
Before acquisition integration charges, operating earnings per share are expected to increase by $.05 to between $4.20 and $4.60.
The company announced its initial 2012 earnings per share forecast in its fourth quarter earnings results on January 26, 2012.
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