The company said its diluted earnings per share for Q2 2024 were $2.48, up 33% from Q2 2023. Excluding intangible amortization of $0.20 per share, restructuring of $0.03 per share and acquisitions and divestitures of $0.02 per share, adjusted earnings per share were $2.73, up 24%.

1. 01

   The company said its diluted earnings per share for Q2 2024 were $2.48, up 33% from Q2 2023. Excluding intangible amortization of $0.20 per share, restructuring of $0.03 per share and acquisitions and divestitures of $0.02 per share, adjusted earnings per share were $2.73, up 24%.

2. 02

   The company said its sales for Q2 rose to $6.4 billion, up 8% from Q2 2023. Organic sales grew 9%, while currency translation reduced sales by 1%. Segment margins were 23.7%, an improvement of 210-basis points over Q2 2023.

3. 03

   The company said operating cash flow for Q2 2024 was $946 million and free cash flow was $759 million, up 11% and 10%, respectively, over the same period in 2023. Free cash flow is operating cash flow less capital expenditures for property, plant and equipment of $187 million.

4. 04

   Eaton said it raised its full-year 2024 organic growth outlook to 7 to 8 from 22.8 to 23.3 previously, and its segment margin outlook from 9% to 9% and 23.2% to 23.7% respectively. It gave diluted earnings per share guidance of $9.38 to $9.48.

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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