secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Corp plc (ETN)
CIK:        0001551182
Form:       8-K
Filed at:   2024-02-01T23:59:59+00:00
Accession:  0001157523-24-000149
Event type: earnings
Sentiment:  positive
Materiality: 0.85
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551182/000115752324000149/0001157523-24-000149-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551182/000115752324000149/a53890459.htm
  HTML page:      https://secwatch.observer/filing/0001157523-24-000149

License: Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer