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Stock impact report

Eaton Reports Record First Quarter 2024 Results, with Strong Orders and Backlog Growth

Eaton Corporation, PLC Ordinary Shares (ETN) 
Last eaton corporation, plc ordinary shares earnings: 4/30 06:30 am Check Earnings Report
Company Research Source: Business Wire
First quarter earnings per share of $2.04 and adjusted earnings per share of $2.40, both up 28% over 2023 and first quarter recordsFirst quarter record segment margins of 23.1%, 340 basis points above the first quarter of 20238% organic sales growth, at the high end of guidance, and strong backlog growth of 27% in Electrical and 11% in AerospaceRaised full year 2024 organic sales, segment margin, earnings per share and adjusted earnings per share guidance DUBLIN--(BUSINESS WIRE)--Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.04 for the first quarter of 2024, a first quarter record and up 28% over the first quarter of 2023. Excluding charges of $0.21 per share related to intangible amortization, $0.12 per share related to a multi-year restructuring program, and $0.03 per share related to acquisitions and divestitures, adjusted earnings per share of $2.40 were also a first quarter record and up 28% over the first Show less Read more
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