Loading...
•
Dec 31, 2023
Eaton Q4 2023 Earnings Report
Eaton reported record sales and adjusted earnings per share, driven by organic growth and strong execution.
Key Takeaways
Eaton Corporation reported record fourth-quarter results, with adjusted earnings per share of $2.55, up 24% over 2022. Sales reached a record $6.0 billion, driven by 10% organic sales growth. The company issued guidance for 2024, projecting adjusted earnings per share between $9.95 and $10.35.
Record quarterly sales driven by 10% organic growth.
Adjusted earnings per share increased by 24% compared to Q4 2022.
Segment margins reached a record 22.8%, a 200-basis point improvement year-over-year.
Operating and free cash flow were both records, increasing by 9% and 8%, respectively.
Revenue by Segment
Forward Guidance
Eaton expects organic growth of 6.5-8.5% and adjusted earnings per share to be between $9.95 and $10.35 for the full year 2024.
Positive Outlook
- Company expects organic growth of 6.5-8.5% for the full year 2024.
- Company anticipates adjusted earnings per share to be between $9.95 and $10.35 for the full year 2024.
- Company anticipates organic growth of 6-8% for the first quarter of 2024.
- Company anticipates adjusted earnings per share to be between $2.21 and $2.31 for the first quarter of 2024.
- New multi-year restructuring program to optimize operations and global support structure.
Challenges Ahead
- Global pandemic such as COVID-19
- Geopolitical tensions or war
- Unanticipated changes in the markets for the company’s business segments
- Unanticipated downturns in business relationships with customers or their purchases from us
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
Loading earnings performance data...
Loading earnings reaction data...