earnings
confidence high
sentiment positive
materiality 0.85
Eaton posts record Q1 adj EPS $1.62 (+13% YoY); raises FY organic growth & EPS guidance
Eaton Corp plc
2022-Q1 EPS reported
$1.33
revenue$4,843,000,000
- Q1 GAAP EPS $1.33; adjusted EPS $1.62, up 13% YoY on record segment margins of 18.8% (+110 bps).
- Sales $4.8B (+10% organic); Electrical Americas orders +31%, backlog +86% organically vs March 2021.
- Raised FY2022 organic growth guidance to 9-11% from 7-9%; adjusted EPS guidance to $7.32-$7.72.
- Q2 guidance: organic growth 9-11%, adjusted EPS $1.78-$1.88.
- Operating cash flow $42M, free cash flow negative $73M due to working capital build for higher revenues.