secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Corp plc (ETN)
CIK:        0001551182
Form:       8-K
Filed at:   2023-05-02T23:59:59+00:00
Accession:  0001157523-23-000671
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551182/000115752323000671/0001157523-23-000671-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551182/000115752323000671/a53391181.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-000671

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