Eaton reported a strong first quarter with adjusted earnings per share of $1.44, up 15% from the first quarter of 2020. Sales were $4.7 billion, down 2% from the previous year, but organic sales were well above guidance. The company raised its full-year adjusted earnings per share guidance to $6.10 at the midpoint.
Earnings per share were $1.14 for the first quarter of 2021.
Adjusted earnings per share were a first quarter record of $1.44, up 15 percent over the first quarter of 2020.
Sales in the first quarter of 2021 were $4.7 billion, down 2 percent from the first quarter of 2020.
Adjusted operating cash flow was $460 million, up 42 percent over the first quarter of 2020.
Eaton anticipates adjusted earnings per share for the second quarter of 2021 to be between $1.45 and $1.55.
Visualization of income flow from segment revenue to net income