2023-10-31 06:32:24 ET
- Eaton press release ( NYSE: ETN ): Q3 Non-GAAP EPS of $2.47 beats by $0.13 .
- Revenue of $5.9B (+11.3% Y/Y) beats by $10M .
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- Quarterly earnings per share of $2.22 and record quarterly adjusted earnings per share of $2.47, up 22% over 2022
- Record quarterly sales with 9% organic sales growth and record quarterly segment margins of 23.6%, 240 basis points above the third quarter of 2022, with 46% incremental margin
- Third quarter record operating cash flow of $1.1 billion, up 18%
- Raised adjusted earnings per share guidance midpoint to $9.00, reflecting 19% growth over 2022
For further details see:
Eaton beats top and bottom line estimates, raised guidance