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Jun 30, 2022
Eaton Q2 2022 Earnings Report
Eaton reported second quarter earnings per share of $1.50 and adjusted earnings per share of $1.87, up 9% over 2021.
Key Takeaways
Eaton Corporation reported flat sales of $5.2 billion compared to Q2 2021, with organic sales up 11%. The adjusted earnings per share were $1.87, a quarterly record and up 9% over the second quarter of 2021. The company is raising its full year organic growth and adjusted earnings per share guidance.
Earnings per share of $1.50.
Record quarterly adjusted earnings per share of $1.87, up 9% over 2021.
Record Quarterly Segment Margins of 20.1%, 150 Basis Points Above the Second Quarter of 2021
Organic Sales Growth was 11%.
Eaton
Eaton
Eaton Revenue by Segment
Revenue by Segment
Electrical Americas Revenue
CapyFin.comElectrical Global Revenue
CapyFin.comAerospace Revenue
CapyFin.comVehicle Revenue
CapyFin.comeMobility Revenue
CapyFin.com Forward Guidance
The company is raising its organic growth guidance from 9-11% to 11-13% and raising adjusted earnings per share to between $7.36 and $7.76 for the full year 2022. For the third quarter of 2022, the company anticipates organic growth of 13-15% and adjusted earnings per share of between $1.95 and $2.05.
Positive Outlook
- Raising full year 2022 organic growth guidance from 9-11% to 11-13%.
- Raising adjusted earnings per share guidance to between $7.36 and $7.76 for the full year 2022.
- Anticipating organic growth of 13-15% for the third quarter of 2022.
- Anticipating adjusted earnings per share of between $1.95 and $2.05 for the third quarter of 2022.
- Robust order growth in Electrical and Aerospace demonstrates continuing strong demand.
Challenges Ahead
- The course of the COVID-19 pandemic globally and government actions related thereto.
- Unanticipated changes in the markets for the company’s business segments.
- Supply chain disruptions, unanticipated changes in the cost of material, labor, and other production costs, or unexpected costs that cannot be recouped in product pricing.
- Unexpected technical or marketing difficulties.
- Unanticipated deterioration of economic and financial conditions in the United States and around the world.
Revenue & Expenses
Visualization of income flow from segment revenue to net income