ETN - Eaton Reports Strong Q3 Backlog Growth Across Electrical Aerospace Sectors Raises FY23 Guidance | Benzinga
Eaton Corporation PLC (NYSE: ETN) reported a third-quarter FY23 net sales gain of 10.7% year-over-year to $5.88 billion, +9 on an organic basis, missing the consensus of $5.89 billion.
Adjusted EPS improved 22% Y/Y to $2.47, beating the consensus of $2.34.
Sales by segments: Electrical Americas $2.6 billion (+19% Y/Y), Electrical Global $1.5 billion (+1% Y/Y), Aerospace $867 million (+13% Y/Y), Vehicle $753 million (+1% Y/Y) and eMobility $163 million (+19% Y/Y).
ETN reported strong growth in the Electrical sector backlog, up 15% with a book-to-bill ratio of 1.1, and the Aerospace backlog, up 22% with ...