earnings
confidence high
sentiment positive
materiality 0.80
Eaton reports record Q2 EPS $2.48 (adj $2.73); raises FY organic, margin, EPS guidance
Eaton Corp plc
2024-Q2 EPS reported
$4.52
revenue$12,293,000,000
- EPS $2.48 (+33% YoY); adjusted EPS $2.73 (+24% YoY); revenue $6.4B (+8%, organic +9%).
- Record segment margins 23.7% (+210 bps); operating cash flow $946M, free cash flow $759M.
- Electrical Americas sales $2.9B (+13%), margins 29.9% (+350 bps); backlog +29% org.
- Full-year guidance raised: organic growth 8-9%, segment margins 23.3-23.7%, adj EPS $10.65-10.75.
- Q3 guidance: organic 8-9%, margins 23.5-23.9%, adj EPS $2.73-2.83.