Eaton posts record Q3: adj EPS $2.47, sales $5.9B; raises FY guidance

Eaton Corp plc

2023-Q3 EPS reported $5.67 revenue$17,229,000,000

Record adj EPS $2.47 (+22% YoY); revenue $5.9B (+11%, organic +9%); segment margins 23.6% (+240 bps).
Operating cash flow $1.1B record (+18%); free cash flow $913M (+10%); backlog +18% YoY.
Electrical Americas sales $2.6B (+19%), margins 27.7% (+420 bps); Aerospace sales $867M (+13%).
Raised FY adj EPS guidance to $8.95-$9.05 (midpoint $9.00, +19% YoY); narrowed organic growth to 11-12%.
Q4 guidance: adj EPS $2.39-$2.49, organic growth 8-10%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eaton Corp plc reported the quarter ended September 30, 2023 results: revenue $5.9 billion, EPS $2.22. Guidance raised.

Period: the quarter ended September 30, 2023
Revenue: $5.9 billion
EPS: $2.22
Guidance: raised
Result: reported results

Exact text from the filing

related to a multi-year restructuring program, adjusted earnings per share of $2.47 were a quarterly record and up 22% over the third quarter of 2022. Sales in the quarter were $5.9 billion, a quarterly record and up 11% from the third quarter of 2022. Organic sales were up 9%, and positive currency translation added 2%. Segment margins were 23.6%, a quarterly

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Source: SEC EDGAR

accession 0001157523-23-001583

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