Eaton Q1 2021 Earnings Report
Key Takeaways
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
Eaton
Eaton Revenue by Segment
Forward Guidance
Eaton anticipates adjusted earnings per share for the second quarter of 2021 to be between $1.45 and $1.55.
Revenue & Expenses
Visualization of income flow from segment revenue to net income