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eaton 2001
Eaton Corporation's 2001 annual report outlines the company's performance in a difficult year, with declining markets and a weakening global economy impacted further by the events of September 11th. Despite challenges, Eaton was able to outgrow its end markets, resize operations to compete at lower activity levels, strengthen its balance sheet by repaying over $560 million in debt, and end the year with a 16.9% stock return. The report emphasizes how Eaton has transformed its business model and integrated operations to better position the company for future growth opportunities.
