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Eaton(ETN) - 2024 Q3 - Earnings Call Transcript
2024-10-31 20:37
Eaton Corporation plc (NYSE:ETN) Q3 2024 Earnings Conference Call October 31, 2024 11:00 AM ET Company Participants Yan Jin - IR Craig Arnold - Chairman & CEO Olivier Leonetti - EVP & CFO Conference Call Participants Andrew Obin - Bank of America Nigel Coe - Wolfe Research Jeffrey Sprague - Vertical Research Partners Chris Snyder - Morgan Stanley Steve Tusa - JPMorgan Jack Pilleteri - Barclays Scott Davis - Melius Research Joe Ritchie - Goldman Sachs Tim Thein - Raymond James Nicole DeBlase - Deutsche Bank ...
Eaton(ETN) - 2024 Q3 - Quarterly Report
2024-10-31 16:43
Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q ☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended September 30, 2024 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from _____ to ______ Commission file number 000-54863 EATON CORPORATION plc (Exact name of registrant as specified in its charter) | --- | --- | --- | | ...
Eaton's Q3 Earnings Surpass Estimates, Revenues Lag, Backlog Swells
ZACKS· 2024-10-31 16:35
Eaton Corporation (ETN) reported third-quarter 2024 earnings of $2.84 per share, which surpassed the Zacks Consensus Estimate by 1.4%. The bottom line increased nearly 15% year over year and came ahead of the guidance of $2.73-$2.83. This improvement can be attributed to increased project activity tied to a multi-year restructuring program and the contribution of acquired assets.GAAP earnings for the reported quarter were $2.53 per share, up 14% from $2.22 in the year-ago quarter. The difference between GAA ...
Compared to Estimates, Eaton (ETN) Q3 Earnings: A Look at Key Metrics
ZACKS· 2024-10-31 14:36
Eaton (ETN) reported $6.35 billion in revenue for the quarter ended September 2024, representing a year-over-year increase of 7.9%. EPS of $2.84 for the same period compares to $2.47 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $6.37 billion, representing a surprise of -0.35%. The company delivered an EPS surprise of +1.43%, with the consensus EPS estimate being $2.80.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how th ...
Eaton (ETN) Q3 Earnings Beat Estimates
ZACKS· 2024-10-31 12:40
Eaton (ETN) came out with quarterly earnings of $2.84 per share, beating the Zacks Consensus Estimate of $2.80 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 1.43%. A quarter ago, it was expected that this power management company would post earnings of $2.61 per share when it actually produced earnings of $2.73, delivering a surprise of 4.60%.Over the last four quarters, the comp ...
Eaton(ETN) - 2024 Q3 - Quarterly Results
2024-10-31 11:00
Exhibit 99 Eaton Reports Record Third Quarter 2024 Results, with Accelerating Orders and Continued Backlog Growth • Third quarter earnings per share of $2.53, up 14% over 2023, and record quarterly adjusted earnings per share of $2.84, up 15% over 2023 • Record segment margins of 24.3%, 70 basis points above the third quarter of 2023 • Strong backlog growth of 25% in Electrical and 14% in Aerospace • Order acceleration including Electrical Americas to 16% with 1.2 book-to-bill ratio on a rolling twelve-mont ...
Eaton's Pre-Q3 Earnings Analysis: How to Play the Stock?
ZACKS· 2024-10-29 18:40
Eaton Corporation (ETN) is expected to report an improvement in its top and bottom lines when it reports third-quarter 2024 results on Oct. 31, before market open.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The Zacks Consensus Estimate for ETN’s third-quarter revenues is pegged at $6.37 billion, indicating an 8.3% increase from the year-ago reported figure.The consensus estimate for earnings is pegged at $2.8 per share. The Zacks Consensus Estimate for ETN’s third-quarter earnin ...
Insights Into Eaton (ETN) Q3: Wall Street Projections for Key Metrics
ZACKS· 2024-10-28 14:21
The upcoming report from Eaton (ETN) is expected to reveal quarterly earnings of $2.80 per share, indicating an increase of 13.4% compared to the year-ago period. Analysts forecast revenues of $6.37 billion, representing an increase of 8.3% year over year. The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period. Prio ...
Here's Why Eaton (ETN) Fell More Than Broader Market
ZACKS· 2024-10-25 22:51
Eaton (ETN) closed the latest trading day at $344.49, indicating a -0.23% change from the previous session's end. The stock trailed the S&P 500, which registered a daily loss of 0.03%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, added 0.56%.The power management company's stock has climbed by 3.68% in the past month, exceeding the Industrial Products sector's loss of 2.91% and the S&P 500's gain of 1.39%.Analysts and investors alike will be keeping a close eye on the performance of Eat ...
Here's Why Eaton (ETN) Gained But Lagged the Market Today
ZACKS· 2024-10-24 22:56
The most recent trading session ended with Eaton (ETN) standing at $345.29, reflecting a +0.1% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.22% gain on the day. At the same time, the Dow lost 0.33%, and the tech-heavy Nasdaq gained 0.76%.The power management company's shares have seen an increase of 4.99% over the last month, surpassing the Industrial Products sector's loss of 1.98% and the S&P 500's gain of 1.47%.Investors will be eagerly watching for the performance o ...