Eaton reports record Q4 adjusted EPS $2.06, up 20% YoY; guides 2023 EPS $8.04-$8.44

Eaton Corp plc

2022-FY EPS reported $6.14 revenue$20,752,000,000

Q4 sales $5.4B (+12%); organic +15%; record segment margins 20.8% (up 150 bps).
Q4 adjusted EPS $2.06 (record, up 20% YoY); full-year adj. EPS $7.57 (+14%).
Electrical Americas sales +20% to $2.3B; margins 23.7% (record); backlog +87%.
FY2023 guidance: organic growth 7-9%; adj. EPS $8.04-$8.44 (+9% at mid).
Q4 operating cash flow $1.2B (+39%); free cash flow $977M (+41%).

item 2.02 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Eaton Corp plc reported quarter ended December 31, 2022 results: revenue Sales in the fourth quarter of 2022 were $5.4 billion, EPS earnings per share were $1.80 for the fourth quarter of 2022.

Period: quarter ended December 31, 2022
Revenue: Sales in the fourth quarter of 2022 were $5.4 billion
EPS: earnings per share were $1.80 for the fourth quarter of 2022
Result: reported results

Exact text from the filing

Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.80 for the fourth quarter of 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Eaton Corp plc reported full year 2023 results: EPS adjusted earnings per share to be between $8.04 and $8.44. Guidance raised.

Period: full year 2023
EPS: adjusted earnings per share to be between $8.04 and $8.44
Guidance: raised
Result: guidance update

Exact text from the filing

For the full year 2023, the company expects organic growth of 7-9% and adjusted earnings per share to be between $8.04 and $8.44, up 9% at the midpoint over 2022.

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

Eaton Corp plc reported full year 2022 results: revenue For the full year 2022, sales were $20.8 billion, EPS Earnings per share for 2022 were $6.14. ... adjusted earnings per share were $7.57.

Period: full year 2022
Revenue: For the full year 2022, sales were $20.8 billion
EPS: Earnings per share for 2022 were $6.14. ... adjusted earnings per share were $7.57
Result: reported results

Exact text from the filing

Earnings per share for 2022 were $6.14. Excluding charges of $0.99 per share related to intangible amortization, $0.37 per share related to acquisitions and divestitures, and $0.07 per share related to a multi-year restructuring program, adjusted earnings per share were $7.57

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Source: SEC EDGAR

accession 0001157523-23-000204

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