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Eaton(ETN) - 2025 Q1 - Earnings Call Presentation
2025-05-02 12:09
Financial Performance - Adjusted earnings per share reached $2.72 in Q1 2025, a 13% increase compared to Q1 2024, marking a Q1 record[4] - Q1 2025 segment margins increased to 23.9%, up 80 bps versus Q1 2024, also a Q1 record[6] - Sales reached $6.377 billion, representing a 7% increase[12] - Adjusted earnings totaled $1.070 billion, an 11% increase[12] Growth and Backlog - Organic growth accelerated to 9%, driven by a 13% increase in Electrical Americas and Aerospace, and 9% in Electrical Global[5] - Total book-to-bill for combined segments was 1.1, with Electrical Americas and Aerospace above 1.0 on a rolling 12-month basis[6] - Backlog increased by 6% in Electrical Americas and 16% in Aerospace in Q1 2025[6] Segment Performance - Electrical Americas sales reached $3.010 billion, a 12% increase, with an operating margin of 30.0%[13] - Electrical Global sales reached $1.610 billion, a 7% increase, with an operating margin of 18.6%[15] - Aerospace sales reached $979 million, a 12% increase, with an operating margin of 23.1%[17] - Vehicle segment sales were $617 million, a decrease of 15%, with an operating margin of 15.5%[20] - eMobility segment sales were $162 million, a 2% increase, with an operating margin of (2.7)%[22] Guidance - The company is raising its 2025 guidance for organic growth and reaffirming guidance for adjusted EPS, cash flow, and share repurchases[6] - Full year 2025 adjusted earnings per share are projected to be between $11.80 and $12.20[29] - Full year 2025 organic growth is expected to be between 7.5% and 9.5%[29]