The company said earnings per share were $2.04 for Q1 2024, up 28% from Q1 2023, and adjusted earnings per share, which exclude intangible asset amortization and other items, were $2.40, also up 28%.

1. 01

   The company said earnings per share were $2.04 for Q1 2024, up 28% from Q1 2023, and adjusted earnings per share, which exclude intangible asset amortization and other items, were $2.40, also up 28%.

2. 02

   Eaton said sales for Q1 were $5.9 billion, up 8% from Q1 2023, all of it from organic growth. It said segment margins were 23.1%, 340-basis points higher than in Q1 2023.

3. 03

   The company said operating cash flow for Q1 was $475 million and free cash flow was $292 million, up 42% and 40% respectively from the same period in 2023. It defined free cash flow as operating cash flow less capital expenditures for property, plant and equipment of $183 million.

4. 04

   The company said it is raising its full-year 2024 organic growth guidance to 7-9% from 6.5-8.5% and its segment margin guidance to 22.8-23.2% from 22.4-22.8%. Full-year earnings per share guidance is $8.95 to $9.35, and adjusted earnings per share guidance is $10.20 to $10.60.

Analysis scope · Filing body and confirmed press-release exhibitWe analyzed the filing body and confirmed exhibits. This is not a review of other exhibits, investor presentations or the full earnings call.

AI summarized the filing and translated the summary into English; it may differ from the original. For reference only, not investment advice. AI translated the published Korean report into English. Figures are copied as filed, not recalculated.

Original filing

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