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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%.
Revenue by Segment
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.
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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