Turn back the clock just five years, and this company was an industrial also-ran. It was neither a household name, nor well-known on Wall Street. Sales growth was both “meh” and volatile, moving in line with the rhythms of the U.S.
The company in question is Eaton (ETN), a maker of power management and electrical equipment. It serves customers in over 160 countries, with the U.S. making up 61% of sales.
