secwatch.observer — SEC 8-K summary
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Issuer:     Eaton Corp plc (ETN)
CIK:        0001551182
Form:       8-K
Filed at:   2024-04-30T23:59:59+00:00
Accession:  0001551182-24-000010
Event type: earnings
Sentiment:  positive
Materiality: 0.80
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/1551182/000155118224000010/0001551182-24-000010-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/1551182/000155118224000010/etn-20240430.htm
  HTML page:      https://secwatch.observer/filing/0001551182-24-000010

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