Eaton Q1 2024: record EPS $2.04, adj. $2.40, segment margin 23.1%, raises FY outlook

Eaton Corp plc

2024-Q1 EPS reported $2.04 revenue$5,943,000,000

Q1 EPS $2.04, adjusted EPS $2.40, both up 28% YoY; revenue $5.9B record, +8% organic.
Segment margins record 23.1%, +340 bps YoY; Electrical Americas margin 29.2%, +630 bps.
Raised FY2024 guidance: organic growth 7-9%, segment margin 22.8-23.2%, adj. EPS $10.20-10.60.
Electrical Americas backlog up 31% YoY; Aerospace backlog up 11%; Electrical book-to-bill 1.2.
Free cash flow $292M, up 40% YoY; operating cash flow $475M, up 42%.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 1.0

Eaton Corp plc reported the quarter ended March 31, 2024 results: revenue $5.9 billion, EPS $2.04. Guidance raised.

Period: the quarter ended March 31, 2024
Revenue: $5.9 billion
EPS: $2.04
Guidance: raised
Result: reported results

Exact text from the filing

to acquisitions and divestitures, adjusted earnings per share of $2.40 were also a first quarter record and up 28% over the first quarter of 2023. Sales in the quarter were $5.9 billion, a first quarter record and up 8% from the first quarter of 2023, driven entirely by organic sales growth. Segment margins were 23.1%, a first quarter record and a 340-basis

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Source: SEC EDGAR

accession 0001551182-24-000010

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