---
schema_version: "secwatch.filing_event.v1"
accession: "0001157523-23-000671"
form_type: "8-K"
ticker: "ETN"
cik: "0001551182"
company_name: "Eaton Corp plc"
filed_at: "2023-05-02T23:59:59+00:00"
generated_at: "2026-06-16T03:27:11.710669+00:00"
event_type: "earnings"
sentiment: "positive"
materiality_score: 0.85
calibrated_materiality_score: 0.85
confidence: "high"
source: SEC EDGAR
---

# Eaton posts record Q1 adjusted EPS $1.88 (+16% YoY), raises FY2023 guidance

## Summary
- Record Q1 adjusted EPS $1.88, up 16% YoY; GAAP EPS $1.59. Sales $5.5B, organic +15%.
- Segment margins record 19.7% (+90bps): Electrical Americas 22.9% (+380bps), Electrical Global 18.3%, Aerospace 22.5%.
- Raised FY2023 organic growth guidance to 9-11% (from 7-9%); adj. EPS guidance to $8.30-$8.50 (up $0.16 midpoint).
- Q2 outlook: organic growth 10-12%, adj. EPS $2.04-$2.14. Backlog up: Electrical Americas +51%, Aerospace +27%.
- Free cash flow $209M (up $282M YoY); operating cash flow $335M.

## SEC filing metadata
- accession: 0001157523-23-000671
- form_type: 8-K
- ticker: ETN
- cik: 0001551182
- company_name: Eaton Corp plc
- filed_at: 2023-05-02T23:59:59+00:00
- event_type: earnings
- sentiment: positive
- materiality_score: 0.85
- calibrated_materiality_score: 0.85
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1551182/000115752323000671/0001157523-23-000671-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1551182/000115752323000671/a53391181.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001157523-23-000671
- JSON: https://secwatch.observer/filing/0001157523-23-000671.json
- Plain text: https://secwatch.observer/filing/0001157523-23-000671.txt

## Key facts
- Earnings Releases
  Eaton Corp plc reported for the quarter ended March 31, 2023 results: revenue $5.5 billion, EPS $1.59. Guidance raised.
  - Period: for the quarter ended March 31, 2023
  - Revenue: $5.5 billion
  - EPS: $1.59
  - Guidance: raised
  - Result: reported results
  source text: to a multi-year restructuring program, adjusted earnings per share of $1.88 were a first quarter record and up 16% over the first quarter of 2022. Sales in the quarter were $5.5 billion, up 13% from the first quarter of 2022. Organic sales were up 15%, which was partially offset by 2% from negative currency translation. Segment margins were 19.7%, a first
  evidence_url: https://www.sec.gov/Archives/edgar/data/1551182/000115752323000671/0001157523-23-000671-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.