earnings
confidence high
sentiment positive
materiality 0.80
Eaton Q2 record adj. EPS $1.87 (+9% YoY); raises FY organic growth and EPS guidance
Eaton Corp plc
2022-Q2 EPS reported
$2.82
revenue$10,054,000,000
- Record quarterly adj. EPS of $1.87, up 9% YoY; GAAP EPS $1.50.
- Organic sales +11%; Electrical Americas backlog up 89% organically; orders +25%.
- Record segment margins 20.1%, +150 bps YoY; free cash flow $201M.
- FY2022 organic growth guidance raised to 11-13% (from 9-11%); adj. EPS guidance to $7.36-$7.76.
- Q3 outlook: organic growth 13-15%, adj. EPS $1.95-$2.05.