Eaton Corporation plc reported record earnings per share of $2.51 for the second quarter of 2025, representing a 1% increase from the same period in 2024. Adjusted earnings per share reached a record $2.95, up 8% year-over-year. The company achieved record sales of $7.0 billion, reflecting an 11% increase, driven by 8% organic sales growth and strong backlog growth across its Electrical and Aerospace segments. Segment margins improved to a record 23.9%, with operating cash flow at $918 million and free cash flow at $716 million.
For the full year 2025, Eaton anticipates earnings per share between $10.41 and $10.61, an 11% increase at the midpoint compared to 2024. The company expects organic growth of 8.5% to 9.5% and segment margins of 24.1% to 24.5%. Additionally, Eaton is pursuing several acquisitions, including Fibrebond Corporation and Ultra PCS Limited, to enhance its capabilities in power management solutions. The company has also initiated a multi-year restructuring program aimed at optimizing operations, with expected total charges of $475 million.
linkAug 05, 2025 07:01:02
Eaton plc has increased its Board of Directors from eleven to twelve members with the election of Gerald Johnson, effective July 23, 2025. Johnson, the retired Executive Vice President of Global Manufacturing and Sustainability at General Motors, will serve on the Audit and Governance Committees. He will receive compensation in line with the company’s standard arrangements for non-employee directors, including a Restricted Stock Unit grant valued at $127,500, reflecting his partial service during the 2025 grant cycle.
Johnson brings over 40 years of experience in manufacturing and operations, having held various leadership roles at General Motors. His expertise in global manufacturing and operational excellence is expected to contribute positively to Eaton's strategic growth initiatives. The company, which reported revenues of nearly $25 billion in 2024, operates across multiple sectors, including data centers and aerospace, and is focused on sustainable power management solutions.
linkJul 23, 2025 17:01:13
Eaton Corporation plc has announced the departure of Ernest Marshall, Executive Vice President and Chief Human Resources Officer, effective September 30, 2025. His exit follows an agreement that includes financial compensation and benefits as outlined in the company's proxy statement from March 2025.
Under the terms of the agreement, Mr. Marshall will receive a payment equal to 1.5 times his current annual salary and target annual incentive, pro-rated eligibility in ongoing performance-based incentive programs, and continued vesting of unvested stock options and restricted share units.
linkJul 21, 2025 17:02:41
Eaton Corporation plc announced its first quarter 2025 results, reporting earnings per share of $2.45, a 20% increase from the same period in 2024. Adjusted earnings per share reached a record $2.72, up 13% year-over-year. The company achieved record sales of $6.4 billion, reflecting a 7% growth compared to the first quarter of 2024, with organic sales growth accelerating to 9%. The segment margins also reached a record 23.9%, indicating improved profitability. Eaton's backlog showed strong growth, with increases of 6% in Electrical and 16% in Aerospace year-over-year. Operating cash flow was reported at $238 million, with free cash flow at $91 million for the quarter.
For the full year 2025, Eaton raised its guidance, expecting earnings per share between $10.29 and $10.69, which represents a 10% increase at the midpoint compared to 2024. Adjusted earnings per share are anticipated to be between $11.80 and $12.20, up 11% at the midpoint over the prior year. The company also forecasts organic growth of 7.5% to 9.5% and segment margins of 24.0% to 24.4% for the full year. The second quarter guidance includes earnings per share between $2.35 and $2.45 and adjusted earnings per share between $2.85 and $2.95.
linkMay 02, 2025 07:00:50
Eaton Corporation announced record fourth quarter earnings per share of $2.45, reflecting a 4% increase from the previous year, with adjusted earnings per share reaching $2.83, up 11%. The company achieved record sales of $6.2 billion, a 5% rise year-over-year, and reported strong backlog growth of 27% in Electrical and 16% in Aerospace. Segment margins reached a record 24.7%, showing significant improvement from the prior year, and operating cash flow was also a record at $1.6 billion, up 23% from 2023.
However, Eaton faced challenges due to Hurricane Helene and labor strikes in the aerospace sector, which negatively impacted sales by about $80 million. Additionally, the Vehicle and eMobility segments reported declines in sales, down 10% and 11% respectively, driven by organic sales declines and negative currency translations. Despite these setbacks, the overall performance for 2024 was strong, with record earnings per share of $9.50 and a notable increase in free cash flow.
linkJan 31, 2025 07:00:12
Eaton Corporation reported record earnings per share of $2.53 for the third quarter of 2024, reflecting a 14% increase from the previous year. The company achieved a record adjusted earnings per share of $2.84, up 15% year-over-year, alongside a record sales figure of $6.3 billion, marking an 8% organic growth. Segment margins reached a record 24.3%, and operating cash flow and free cash flow also set new quarterly highs, increasing by 15% and 23%, respectively. Notable backlog growth was reported in both the Electrical and Aerospace segments, with increases of 25% and 14%, respectively, indicating strong demand across sectors.
However, the company faced challenges due to Hurricane Helene and labor strikes in the aerospace industry, which negatively impacted sales by approximately $50 million. The Vehicle segment reported a decline in sales of 7% compared to the previous year, driven by a 6% organic sales decrease. Additionally, the eMobility segment recorded an operating loss of $7 million as it continues to incur costs related to new program launches. Despite these challenges, Eaton raised its full-year guidance for segment margins and earnings per share.
linkOct 31, 2024 07:00:19
Eaton has announced the election of Andre Schulten to its Board of Directors, effective October 22, 2024. This addition is seen as a positive move for the company, potentially bringing fresh perspectives and expertise to its leadership team.
The decision to expand the Board highlights Eaton's commitment to strong governance and strategic growth. By welcoming new members, the company aims to enhance its decision-making processes and strengthen its position in the power management sector.
linkOct 22, 2024 17:00:18
Eaton has announced the appointment of Paulo and Heath to its leadership team, with CEO Craig Arnold expressing confidence in their skills and leadership. He believes their combined expertise will help Eaton accelerate its transformation into a leading power management company. The company boasts a strong team of leaders ready to guide the organization in the future.
This leadership change reflects Eaton's commitment to strengthening its management and enhancing its strategic direction. The emphasis on a deep bench of talent indicates a proactive approach to navigating challenges and opportunities in the power management sector.
linkAug 12, 2024 16:24:34
Eaton Corporation reported record earnings of $2.48 per share, a 33% increase from last year, with strong sales growth of 9%. They also achieved record segment margins and backlog growth across their Electrical and Aerospace segments. The company raised its 2024 guidance for sales and earnings, reflecting confidence in continued demand driven by electrification and energy transition. However, the Vehicle segment saw a decline in sales, indicating some challenges in that area.
linkAug 01, 2024 07:01:08
Eaton has appointed Karenann Terrell to its Board of Directors, effective July 24, 2024. The company, a leader in power management, reported revenues of $23.2 billion in 2023 and operates in over 160 countries. This leadership change may strengthen the company's governance and strategic direction.
linkJul 29, 2024 16:32:19