Eaton reports record Q4 adjusted EPS $2.55, up 24% YoY; guides FY24 adj EPS $9.95-$10.35

Eaton Corp plc

2023-FY EPS reported $8.02 revenue$23,196,000,000

Q4 sales $6.0B (record, +11% YoY); segment margins 22.8% record (+200 bps); operating cash flow $1.3B record.
Full-year 2023 sales $23.2B record, adjusted EPS $9.12 up 20%; segment margins 22.0% record.
FY 2024 guidance: adj EPS $9.95-$10.35 (+11% at midpoint), organic growth 6.5-8.5%.
Announces $375M multi-year restructuring program expected to deliver $325M mature-year benefits.
Backlog strong: Electrical Americas +18% organic, Aerospace +13%; book-to-bill >1.1.

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 0.9

Eaton Corp plc reported for the full year 2023 results: revenue $23.2 billion, EPS $8.02.

Period: for the full year 2023
Revenue: $23.2 billion
EPS: $8.02
Result: reported results

Exact text from the filing

For the full year 2023, sales were a record $23.2 billion

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eaton Corp plc reported the quarter ended December 31, 2023 results: revenue $6.0 billion, EPS $2.35.

Period: the quarter ended December 31, 2023
Revenue: $6.0 billion
EPS: $2.35
Result: reported results

Exact text from the filing

per share related to acquisitions and divestitures, adjusted earnings per share of $2.55 were a record and up 24% over the fourth quarter of 2022. Sales in the quarter were $6.0 billion, a record and up 11% from the fourth quarter of 2022, driven by 10% organic sales growth and 1% foreign exchange. Segment margins were 22.8%, a fourth quarter record and a

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eaton Corp plc reported the full year 2024 results: EPS $9.95 and $10.35. Guidance initiated.

Period: the full year 2024
EPS: $9.95 and $10.35
Guidance: initiated
Result: guidance update

Exact text from the filing

For the full year 2024, the company expects organic growth of 6.5-8.5% and adjusted earnings per share to be between $9.95 and $10.35

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

Eaton Corp plc reported the first quarter of 2024 results: EPS $2.21 and $2.31. Guidance initiated.

Period: the first quarter of 2024
EPS: $2.21 and $2.31
Guidance: initiated
Result: guidance update

Exact text from the filing

For the first quarter of 2024, the company anticipates organic growth of 6-8% and adjusted earnings per share to be between $2.21 and $2.31

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Source: SEC EDGAR

accession 0001157523-24-000149

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