secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Corp plc (ETN)
CIK:        0001551182
Form:       8-K
Filed at:   2023-08-01T23:59:59+00:00
Accession:  0001157523-23-001199
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

Eaton Q2 2023: Adj EPS $2.21, records; raises FY guidance to $8.75 midpoint
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- Record Q2 adj EPS $2.21 (+18% YoY); GAAP EPS $1.86. Sales $5.9B (+13% organic, also a record).
- Record segment margin 21.6% (+150bps YoY); operating cash flow $851M (+150%), free cash flow $691M (+244%).
- Electrical Americas sales $2.5B (+19% organic); segment margin 26.4% (+320bps). Aerospace sales $848M (+14%).
- FY adj EPS guidance raised to $8.65-$8.85 (midpoint $8.75, +16%); Q3 adj EPS guided $2.27-$2.37.
- Backlog grew 30% in Electrical Americas and 26% in Aerospace; overall book-to-bill 1.2.

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551182/000115752323001199/0001157523-23-001199-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551182/000115752323001199/a53493804.htm
  HTML page:      https://secwatch.observer/filing/0001157523-23-001199

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