Eaton Corporation ( (ETN) ) has released its Q4 earnings. Here is a breakdown of the information Eaton Corporation presented to its investors.
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Eaton Corporation is a global intelligent power management company operating in sectors including electrical, aerospace, and vehicle markets, focusing on sustainable development and efficient energy management. The company recently announced record-breaking financial results for the fourth quarter of 2024, highlighting its strong performance across various segments.
Eaton reported a record fourth-quarter earnings per share of $2.45, with adjusted earnings per share at $2.83, marking an 11% increase compared to the same period in 2023. The company also achieved a quarterly revenue of $6.2 billion, driven by robust growth in its Electrical Americas and Aerospace segments. Despite challenges like Hurricane Helene and aerospace industry labor strikes, Eaton saw significant backlog and order growth, further solidifying its market position.
Key financial metrics included a segment margin of 24.7%, an improvement of 190 basis points from the previous year, and record operating and free cash flows. The Electrical Americas segment alone generated $2.9 billion in sales, with a 31.6% operating margin, while the Aerospace segment posted a 9% sales increase. Conversely, the Vehicle and eMobility segments experienced a decline in sales but maintained strong margins.
Looking forward, Eaton projects continued growth in 2025, with expected earnings per share between $10.60 and $11.00, and adjusted earnings per share between $11.80 and $12.20. The company anticipates sustained organic growth and strong segment margins, positioning it favorably amid ongoing global trends towards electrification and digitalization.
