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Dec 31, 2021

Eaton Q4 2021 Earnings Report

Eaton reported a solid fourth quarter with record adjusted earnings per share and record segment margins.

Key Takeaways

Eaton Corporation reported Q4 2021 sales of $4.8 billion, up 2% from Q4 2020. Earnings per share were $1.37, and adjusted earnings per share were $1.72, up 19% over Q4 2020. The company delivered record fourth quarter segment margins of 19.3%.

Earnings per share of $1.37

Record fourth quarter adjusted earnings per share of $1.72, up 19% over 2020

Record fourth quarter segment margins of 19.3%, 190 basis points above the fourth quarter of 2020

Sales in the fourth quarter of 2021 were $4.8 billion, up 2% from the fourth quarter of 2020

Total Revenue
$4.8B
Previous year: $4.69B
+2.4%
EPS
$1.72
Previous year: $1.28
+34.4%
Gross Profit
$1.57B
Previous year: $1.51B
+4.2%
Cash and Equivalents
$297M
Previous year: $438M
-32.2%
Free Cash Flow
$693M
Previous year: $845M
-18.0%
Total Assets
$34B
Previous year: $31.8B
+6.9%

Eaton

Eaton

Eaton Revenue by Segment

Forward Guidance

For full year 2022, the company expects organic growth of 7-9% and adjusted earnings per share to be between $7.30 and $7.70, up 13% at the midpoint over 2021.

Positive Outlook

  • Company expects organic growth of 7-9% for full year 2022
  • Adjusted earnings per share to be between $7.30 and $7.70 for full year 2022
  • Adjusted earnings per share to be up 13% at the midpoint over 2021

Revenue & Expenses

Visualization of income flow from segment revenue to net income