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Mar 31, 2022
Eaton Q1 2022 Earnings Report
Eaton had a record first quarter, with organic sales growth and adjusted earnings per share exceeding expectations, driven by robust demand and strong execution.
Key Takeaways
Eaton Corporation reported a record first quarter in 2022, with earnings per share at $1.33 and adjusted earnings per share at $1.62, a 13% increase over 2021. Sales reached $4.8 billion, reflecting 10% organic sales growth and contributions from acquisitions. The company raised its full-year 2022 organic sales and adjusted earnings per share guidance due to strong demand and backlog.
Earnings per share were $1.33, and adjusted earnings per share were $1.62, up 13% over 2021.
Organic sales grew by 10%, surpassing the high end of guidance.
Segment margins reached a record 18.8%, a 110-basis point improvement over the first quarter of 2021.
The company raised its full-year 2022 organic sales and adjusted earnings per share guidance.
Revenue by Segment
Forward Guidance
The company is increasing its organic growth guidance from 7-9% to 9-11% and raising adjusted earnings per share to between $7.32 and $7.72 for the full year 2022. For the second quarter of 2022, the company anticipates organic growth of 9-11% and adjusted earnings per share to be between $1.78 and $1.88.
Positive Outlook
- Increasing organic growth guidance from 7-9% to 9-11% for full year 2022
- Raising adjusted earnings per share guidance to between $7.32 and $7.72 for full year 2022
- Anticipating organic growth of 9-11% for the second quarter of 2022
- Expecting adjusted earnings per share to be between $1.78 and $1.88 for the second quarter of 2022
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
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Avg. Return Before/After Earnings
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