Eaton (ETN) Tops Q3 EPS by 4c, Misses on Revenue; Offers FY24 EPS guidance
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Eaton Reports Record Third Quarter 2024 Results, with Accelerating Orders and Continued Backlog Growth
October 31, 2024 6:30 AM EDTThird 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 8% organic sales growth, including approximately 50 basis points of headwinds from Hurricane Helene and labor strikes in the aerospace industry 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-month basis Raised full year 2024 segment margin, earnings per share, and adjusted earnings per share... More
