Highest-materiality recent filing
Eaton to spin off Mobility Group and merge with Dana in $5.1B Reverse Morris Trust deal
Eaton to separate Mobility Group and combine with Dana in Reverse Morris Trust transaction valued at ~$5.1B; combined company enterprise value >$10B.
Eaton Q1 beats: Record sales $7.5B, adj EPS $2.81; FY organic growth guidance raised to 10%
Quarterly sales $7.5B (+17% YoY); organic growth 10% above guidance; adj EPS $2.81 record; GAAP EPS $2.22.
Eaton shareholders elect all 11 directors and approve executive compensation at AGM
All 11 director nominees elected; votes for ranged from 286M to 304M of shares voted.
Eaton closes $8.5B U.S. and €1.2B Euro note issuance; ends $8B term loan
Issued $8.5B U.S. notes in six tranches (3.850%-5.450%), maturities 2028-2056; net proceeds ~$8,436.5M.
Eaton appoints David Foster as EVP and CFO effective March 2, 2026
David Foster named CFO, succeeding Olivier Leonetti who departs March 13, 2026.
Eaton sets 2026 executive bonus metrics: EBITDA, cash flow, organic growth
Committee selected Adjusted EBITDA, Adjusted Operating Cash Flow, and Organic Growth as 2026 metrics.
Eaton increases revolver to $4B and adds $8B term loan facility due Dec 31, 2026
Total revolving credit commitments increased from $3B to $4B via Commitment Increase Agreement dated Feb 6, 2026.
Eaton Q4 record adj. EPS $3.33, revenue $7.1B; guides FY2026 adj. EPS $13.00-$13.50
Record Q4 adj. EPS $3.33 (+18% YoY), GAAP EPS $2.91 (+19%); revenue $7.1B (+13%).
Eaton to spin off Mobility Group into independent public company by Q1 2027
Spin-off of Vehicle and eMobility segments as standalone publicly traded company.
Eaton CFO Leonetti to receive 2.0x salary plus target incentive on departure
Olivier Leonetti will depart as CFO on April 1, 2026; separation agreement signed Dec 12, 2025.
Eaton CFO Olivier Leonetti to depart April 1, 2026; search underway
Olivier Leonetti, EVP and CFO, will leave Eaton on April 1, 2026, as part of a planned transition.
Eaton reports record Q3 2025 adjusted EPS of $3.07, sales up 10% to $7.0B
Record segment margins of 25.0%, up 70 bps YoY; operating cash flow of $1.4B.
Eaton enters $3B revolving credit facility, upsizing from $2.5B; terminates 364-day facility
New $3B 5-year revolving credit agreement replaces existing $2.5B facility; maturity extendable by one year upon lender consent.
Eaton posts record Q2 adjusted EPS $2.95, sales $7.0B; raises FY2025 guidance
Q2 GAAP EPS $2.51 (record, +1% YoY); adjusted EPS $2.95 (record, +8% YoY).
Eaton elects Gerald Johnson to board of directors, expanding board to 12 members
Gerald Johnson, retired EVP Global Manufacturing & Sustainability at General Motors, elected effective July 23, 2025.
Eaton EVP & CHRO Ernest Marshall to depart effective Sept 30, 2025
Ernest Marshall, Executive VP and Chief HR Officer, will leave Eaton on September 30, 2025.
Eaton issues €500M 3.625% notes due 2035 and $500M 4.450% notes due 2030
Eaton Capital closed sale of €500M 3.625% senior notes due 2035 and $500M 4.450% senior notes due 2030.
Eaton Q1 record EPS $2.45 (+20%); raises FY organic growth guidance to 7.5-9.5%
GAAP EPS $2.45 (20% YoY), adjusted EPS $2.72 (13% YoY); revenue $6.4B record, +7% YoY.
Eaton shareholders elect all 12 director nominees and approve all six proposals at AGM
Directors elected with large majorities; Gregory R. Page received 19.5M against and Gerald B. Smith 16.2M against.
Eaton sets 2025 incentive compensation criteria; target PSUs range 2,480-19,375
Committee established 2025 corporate performance criteria based on Adjusted EPS and Adjusted Operating Cash Flow metrics.
Eaton reports record Q4 2024 results with adjusted EPS $2.83, up 11%, and issues 2025 guidance
Q4 2024 adjusted EPS $2.83, record, up 11% YoY; GAAP EPS $2.45, up 4% YoY
Eaton Q3 adjusted EPS $2.84 (+15% YoY); record revenue; raises FY guidance
Record Q3 revenue $6.3B (+8% organic); segment margins 24.3%, up 70 bps YoY.
Eaton elects P&G CFO Andre Schulten to Board of Directors, effective Oct 22, 2024
Board expanded from 11 to 12 members; Schulten elected immediately on Oct 22, 2024.
Eaton names Paulo Ruiz President/COO, to succeed Arnold as CEO June 2025
Ruiz appointed President/COO effective Sept 2, 2024, and elected to the board.
Eaton reports record Q2 EPS $2.48 (adj $2.73); raises FY organic, margin, EPS guidance
EPS $2.48 (+33% YoY); adjusted EPS $2.73 (+24% YoY); revenue $6.4B (+8%, organic +9%).
Eaton elects Karenann Terrell to Board of Directors effective July 24, 2024
Board expanded from nine to ten members; Terrell elected effective July 24, 2024.
Eaton Q1 2024: record EPS $2.04, adj. $2.40, segment margin 23.1%, raises FY outlook
Q1 EPS $2.04, adjusted EPS $2.40, both up 28% YoY; revenue $5.9B record, +8% organic.
Eaton shareholders approve all proposals at 2024 AGM, including director elections and say-on-pay
Nine director nominees elected, with Craig Arnold receiving 299M for, 23M against.
Eaton names Adam Wadecki as new SVP and Controller; Hopgood resigns
Daniel R. Hopgood resigns as SVP and Controller effective May 10, 2024, to pursue another opportunity.
Eaton sets 2024 executive incentive criteria, approves 2024-2026 PSU grants
2024 incentive awards based on Adjusted EPS and Adjusted Operating Cash Flow performance.
Eaton reports record Q4 adjusted EPS $2.55, up 24% YoY; guides FY24 adj EPS $9.95-$10.35
Q4 sales $6.0B (record, +11% YoY); segment margins 22.8% record (+200 bps); operating cash flow $1.3B record.
Eaton appoints Olivier Leonetti as CFO; expects strong Q4 and FY2023 results
CFO Thomas Okray to depart Feb 2, 2024 for personal reasons; no severance, forfeits unvested equity.
Eaton posts record Q3: adj EPS $2.47, sales $5.9B; raises FY guidance
Record adj EPS $2.47 (+22% YoY); revenue $5.9B (+11%, organic +9%); segment margins 23.6% (+240 bps).
Eaton Q2 2023: Adj EPS $2.21, records; raises FY guidance to $8.75 midpoint
Record Q2 adj EPS $2.21 (+18% YoY); GAAP EPS $1.86. Sales $5.9B (+13% organic, also a record).
Eaton Corp subsidiary closes $500M 4.350% senior notes due 2028
Eaton (subsidiary) sold $500M principal of 4.350% senior notes maturing May 18, 2028.
Eaton posts record Q1 adjusted EPS $1.88 (+16% YoY), raises FY2023 guidance
Record Q1 adjusted EPS $1.88, up 16% YoY; GAAP EPS $1.59. Sales $5.5B, organic +15%.
Eaton shareholders elect all 10 directors, approve say-on-pay, adopt one-year frequency
All 10 director nominees elected; Craig Arnold top with 298.9M for votes.
Eaton sets 2023 incentive metrics; ESIP PSUs target range 4,310-34,635
Compensation Committee set Adjusted EPS and Adjusted Operating Cash Flow as 2023 Plan corporate performance criteria.
Eaton reports record Q4 adjusted EPS $2.06, up 20% YoY; guides 2023 EPS $8.04-$8.44
Q4 sales $5.4B (+12%); organic +15%; record segment margins 20.8% (up 150 bps).
Eaton's President-Americas Region, Electrical Sector, to retire March 31, 2023
Brian Brickhouse announced retirement after 37 years of service.
Eaton reports record Q3 adjusted EPS of $2.02, up 15% YoY; segment margins 21.2%
Adjusted EPS $2.02 (record) vs $1.76 in Q3 2021; GAAP EPS $1.52.
Director Deborah L. McCoy will not stand for reelection at 2023 AGM, retiring after 22 years
Deborah L. McCoy notified Eaton's Chairman on Oct 25, 2022 of her decision not to stand for reelection.
Eaton enters new $2.5B 5-year revolving credit facility; upsizes from $2.0B
New $2.5B 5-year revolving credit agreement matures Oct 3, 2027; replaces $2.0B facility.
Eaton closes $2.0B senior notes offering; net proceeds $1.98B for debt redemption
Principal $2.0B; net proceeds ~$1.98B after underwriting discount and expenses.
Eaton issues $2B of 4.150% sustainability-linked notes and 4.700% notes due 2052
$2.0B aggregate principal: $1.0B 4.150% sustainability-linked notes due 2033 and $1.0B 4.700% senior notes due 2052.
Eaton director Christopher M. Connor resigns from board, effective Aug 31, 2022
Christopher M. Connor notified Eaton's board of his resignation on July 27, 2022.
Eaton Q2 record adj. EPS $1.87 (+9% YoY); raises FY organic growth and EPS guidance
Record quarterly adj. EPS of $1.87, up 9% YoY; GAAP EPS $1.50.
Eaton posts record Q1 adj EPS $1.62 (+13% YoY); raises FY organic growth & EPS guidance
Q1 GAAP EPS $1.33; adjusted EPS $1.62, up 13% YoY on record segment margins of 18.8% (+110 bps).
Eaton adopts revised change-of-control agreements for NEOs with expanded cause definition
New Change of Control Agreements adopted April 27, 2022 for named executive officers, replacing prior agreements.
Uday Yadav to leave Eaton on April 22, 2022, eligible for severance per proxy statement.
On October 22, 2024, the Board of Directors (the “Board”) of Eaton Corporation plc (the “Company”) increased its size from eleven to twelve members and elected Andre Schulten to fill the resulting vacancy, effective immediately.
the Board of Directors of Eaton Corporation plc (the “Company”) expanded its size to eleven members and elected Paulo Ruiz to the Board, effective September 2, 2024.
On August 12, 2024 it was announced that Mr. Ruiz will succeed Mr. Arnold as Chief Executive Officer of Eaton on June 1, 2025 after Mr. Arnold reaches mandatory retirement age.
Mr. Ruiz was also appointed President and Chief Operating Officer of Eaton Corporation, a subsidiary of the Company (“Eaton”), effective the same date.
On August 12, 2024 it was announced that Mr. Ruiz will succeed Mr. Arnold as Chief Executive Officer of Eaton on June 1, 2025 after Mr. Arnold reaches mandatory retirement age.
On July 24, 2024, the Board of Directors (the “Board”) of Eaton Corporation plc (the “Company”) increased its size from nine to ten members and elected Karenann Terrell to fill the resulting vacancy, effective immediately.
On April 18, 2024, Daniel R. Hopgood, Senior Vice President and Controller, notified the Company of his intent to resign from his position, effective May 10, 2024, in order to pursue another opportunity.
On April 22, 2024, Eaton announced that Adam A. Wadecki, age 40, will succeed Mr. Hopgood in that role and as the registrant’s principal accounting officer.
Olivier Leonetti will succeed Mr. Okray as Executive Vice President and Chief Financial Officer on February 5, 2024.
Mr. Leonetti, 59, has served on Eaton’s Board of Directors since 2019 and, on January 17, 2024 tendered his resignation, effective February 2 , 2024
On January 11, 2024 , Eaton Corporation (the “Company”) and Thomas B. Okray, Executive Vice President and Chief Financial Officer mutually agreed that effective February 2, 2024, Mr. Okray’s employment with the Company will end.
On January 10, 2023, Brian Brickhouse, President-Americas Region, Electrical Sector, announced his intention to retire from Eaton on March 31, 2023, after 37 years of service.
Max materiality 0.95 · Median 0.57 · Most common event earnings