Eaton Braces for 'Significant Slowdown'

But that's not what is likely to grab headlines. In a press release, the company let this be known:

Eaton is also reducing its own fourth quarter and full-year financial estimates.

While the company manufacturers heavy equipment for industries including transportation and aerospace, its biggest lineup is in electrical products - - including data center power solutions. On the bright side, its electrical lineup just enjoyed its highest revenue-producing quarter ever, and it does enjoy a significant backlog of orders, the company said.