Eaton Corp. reported higher net income in the third quarter amid lower revenue as its electrical segments led the gains.

Eaton Corp., a worldwide manufacturing company, plans to expand into El Paso, Texas, with a factory expected to open in the first half of next year with 200 employees.

Power management company Eaton Corp. capped its third quarter with higher-than-expected profit margins but lower net income due to charge-offs related to an arbitration decision in August against certain business units of Cooper Industries, a company that Eaton acquired in 2012.

Power management company Eaton Corp. announced plans to invest $500 million over the next five years in its new eMobility business to develop smart diagnostic technologies, intelligent power electronics and predictive monitoring for a range of electrified vehicles.

Eaton Corp. reported May 1 that first-quarter net income was $488 million, up 12% or $1.10 per share, which compares with $435 million or $0.96 per share for the first quarter of 2017, according to the Dublin-based power management company.

Power management company Eaton Corp. reported higher earnings and revenue for the fourth quarter and full-year 2017 periods, spurred by gains in its electrical products and an improving vehicle segment.

Component supplier Eaton Corp. reported it expects a one-time tax expense of between $90 million and $110 million as a result of the new Tax Cuts and Jobs Act.

Eaton Corp. improved third-quarter revenue and earnings, in part, on the improved strength of the Class 8 market.