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Dec 31, 2022
Eaton Q4 2022 Earnings Report
Eaton reported record results and positive momentum driven by strong demand and robust order growth.
Key Takeaways
Eaton Corporation reported a strong fourth quarter in 2022, with sales up 12% to $5.4 billion and adjusted earnings per share of $2.06, a quarterly record and up 20% over the fourth quarter of 2021. The company also provided guidance for 2023, expecting adjusted earnings per share to be between $8.04 and $8.44.
Earnings per share were $1.80 for the fourth quarter of 2022.
Adjusted earnings per share of $2.06 were a quarterly record and up 20% over the fourth quarter of 2021.
Sales in the fourth quarter of 2022 were $5.4 billion, up 12% from the fourth quarter of 2021.
Fourth quarter segment margins were 20.8%, a fourth quarter record and above the midpoint of guidance.
Revenue by Segment
Forward Guidance
For the full year 2023, the company expects organic growth of 7-9% and adjusted earnings per share to be between $8.04 and $8.44, up 9% at the midpoint over 2022.
Positive Outlook
- The company expects organic growth of 7-9% for the full year 2023.
- Adjusted earnings per share for 2023 are expected to be between $8.04 and $8.44.
- Adjusted earnings per share are expected to be up 9% at the midpoint over 2022.
- The company anticipates organic growth of 8-10% for the first quarter of 2023.
- Adjusted earnings per share are expected to be between $1.72 and $1.82 for the first quarter of 2023.
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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