Document RaZaz7qKy14XX8anoXZrpJvwk

About Eaton I Eaton Corporation is a global manufacturer of highly engineered products which serve industrial, vehicle, construction, commercial and aerospace markets. Principal products include electrical power distribution and control equipment, truck trans missions and axles, engine components, hydraulic products, ion implanters and a wide variety of controls. Head quartered in Cleveland the 1 Abou*Ea,on I 2 Five-Year Review . 3 Financial Highlights 4 To Our Share- company has 54,000 employees and 155 manufacturing sites in 26 countries around the world. Sales for 1996 were $7 billion. holders j 6 Serving an Expanding Worldwide Customer Base 9 Eaton Products Help Build Infrastructure | 10 Capitalizing on Growth in Asian Markets 113 Eaton Semiconductor Equipment a Global Success 14 Enlarging the Business in Latin America i 17 Trade Agreement Stimulates Growth in Mexico 18 Building Competitive Advantage in Key Markets j 20 Consolidated Financial Statements 24 Financial Review 33 Management's Discussion and Analysis 37 Report of Management I 37 Report of Independent Auditors: 38 Five-Year Consolidated Financial Summary 39 Corporate Officers ; 39 Appointed Vice Presidents 40 Directors i 40 Committees of the Board ' 41 Shareholder Information About the Cover The cover of this year's annual report features closeup photographs of key products, all of which are spotlighted inside. Eaton manufactures more than 40,000 different products. Nearly 40 percent of sales are outside the United States. This 1996 report to shareholders discusses the company's continuing drive to market prod ucts in developing countries. o