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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.
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
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