“Eaton Corporation plc (NYSE:ETN) today announced that first quarter 2026 earnings per share were $2.22. Excluding charges of $0.29 per share related to intangible amortization, $0.22 per share related to acquisitions and divestitures, and $0.08 per share related to a multi-year restructuring program, adjusted earnings per share were $2.81, a first quarter record. Sales in the quarter were $7.5 billion, a record and up 17% from the first quarter of 2025.”
Debt Financings
Eaton Corp plc incurred senior notes of $2,000.0 million with The Bank of New York Mellon Trust Company, N.A., as Trustee at 4.800% maturing March 6, 2036.
“4.800% notes due 2036 in the principal amount of $2,000.0 million (the " 2036 U.S. Notes ")”
Debt Financings
Eaton Corp plc incurred senior notes of $1,000.0 million with The Bank of New York Mellon Trust Company, N.A., as Trustee at 4.500% maturing March 6, 2033.
“4.500% notes due 2033 in the principal amount of $1,000.0 million (the " 2033 U.S. Notes ")”
Debt Financings
Eaton Corp plc incurred senior notes of $1,500.0 million with The Bank of New York Mellon Trust Company, N.A., as Trustee at 4.200% maturing March 6, 2031.
“4.200% notes due 2031 in the principal amount of $1,500.0 million (the " 2031 U.S. Notes ")”
Debt Financings
Eaton Corp plc incurred senior notes of $1,500.0 million with The Bank of New York Mellon Trust Company, N.A., as Trustee at 3.950% maturing March 6, 2029.
“3.950% notes due 2029 in the principal amount of $1,500.0 million (the " 2029 U.S. Notes ")”
Debt Financings
Eaton Corp plc incurred senior notes of $1,500.0 million with The Bank of New York Mellon Trust Company, N.A., as Trustee at 3.850% maturing March 6, 2028.
“On March 6, 2026, Eaton Corp closed its sale of 3.850% notes due 2028 in the principal amount of $1,500.0 million (the " 2028 U.S. Notes ")”
Material Agreements
Eaton Corp plc entered into Term Credit Agreement with Citibank, N.A. valued at $8,000,000,000 senior unsecured delayed draw term loan facility maturing December 31, 2026 (effective 2026-02-06).
“On February 6, 2026, Eaton Corporation entered into an $8,000,000,000 Term Credit Agreement (the “ Term Credit Agreement ”) with the Company, Eaton Capital, and certain other subsidiaries of the Company that become eligible borrowers (collectively, the “ Eligible Borrowers ”), certain subsidiaries of the Company as guarantors, certain banks party thereto as lenders, and Citibank, N.A., as administrative agent for the lenders.”
Material Agreements
Eaton Corp plc amended Commitment Increase Agreement with Citibank, N.A. valued at Increase of aggregate commitments under Revolving Credit Agreement from $3,000,000,000 to $4,000,000 (effective 2026-02-06).
“On February 6, 2026, the parties to the Revolving Credit Agreement entered into a Commitment Increase Agreement (the “ Commitment Increase Agreement ”), pursuant to which the aggregate commitments under the Revolving Credit Agreement were increased from $3,000,000,000 to $4,000,000,000 (the “ Commitment Increase ”).”
Debt Financings
Eaton Corp plc incurred term loan of $8,000,000,000 with Citibank, N.A. at ticking fee based on senior unsecured long-term debt rating maturing December 31, 2026.
“On February 6, 2026, Eaton Corporation entered into an $8,000,000,000 Term Credit Agreement (the “ Term Credit Agreement ”) with the Company, Eaton Capital, and certain other subsidiaries of the Company that become eligible borrowers (collectively, the “ Eligible Borrowers ”), certain subsidiaries of the Company as guarantors, certain banks party thereto as lenders, and Citibank, N.A., as administrative agent for the lenders.”
Debt Financings
Eaton Corp plc amended revolving credit of increased from $3,000,000,000 to $4,000,000,000 with Citibank, N.A. at not specified maturing not amended.
“On February 6, 2026, the parties to the Revolving Credit Agreement entered into a Commitment Increase Agreement (the “ Commitment Increase Agreement ”), pursuant to which the aggregate commitments under the Revolving Credit Agreement were increased from $3,000,000,000 to $4,000,000,000 (the “ Commitment Increase ”).”
Andre Schulten was elected as Director at Eaton Corp plc.
“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.”
Craig Arnold departed as Chief Executive Officer at Eaton Corp plc.
“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.”
Paulo Ruiz changed role as Chief Executive Officer at Eaton Corp plc.
“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.”
Paulo Ruiz was appointed as President and Chief Operating Officer at Eaton Corp plc.
“Mr. Ruiz was also appointed President and Chief Operating Officer of Eaton Corporation, a subsidiary of the Company (“Eaton”), effective the same date.”
Paulo Ruiz was elected as Director at Eaton Corp plc.
“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.”
Karenann Terrell was elected as director at Eaton Corp plc.
“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.”
Earnings Releases
Eaton Corp plc reported the quarter ended March 31, 2024 results: revenue $5.9 billion, EPS $2.04. Guidance raised.
“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”
Facts are extracted by an LLM and gated to those whose source quote is present verbatim in the filing text. Coverage is best-effort while backfill and monitoring mature; this is not yet a full-market index. See methodology.