Categories Earnings, Other Industries
Earnings Summary: Highlights of Eaton’s Q2 2024 financial results
Power management company Eaton Corp. (NYSE: ETN) reported an increase in sales and net profit for the second quarter of 2024.
- The company reported record second-quarter earnings per share of $2.48, which is up 33% from the prior-year quarter
- Second-quarter adjusted earnings per share increased 24% year-over-year to $2.73
- Sales during the quarter were $6.4 billion, up 8% from the second quarter of 2023
- Segment margins advanced by 210 basis points to an all-time high of 23.7% during the three months
- Organic sales grew 9% during the three months; backlog increased 27% in Electrical and rose14% in Aerospace
- Operating cash flow was $946 million and free cash flow was $759 million in Q2, up 11% and 10% respectively
- For the full year 2024, the company expects organic growth to be in the range of 8% to 9%
- Adjusted earnings per share is expected to be between $10.65 and $10.75 in FY24, up 17% at the midpoint over the prior year
Listen to the conference calls as they happen. Don't miss a beat! With AlphaStreet Intelligence, you can listen to live calls and interviews as they happen, so you never have to worry about missing out on important information.
Most Popular
Infographic: How Constellation Brands (STZ) performed in Q3 2026
Constellation Brands, Inc. (NYSE: STZ) reported net sales of $2.22 billion for the third quarter of 2026, down 10% year-over-year. Organic net sales were down 2%. Net income attributable to
BLK Q4 Preview: BlackRock appears poised for another earnings beat
BlackRock, Inc. (NYSE: BLK), the largest asset management company, is expected to publish its fourth-quarter 2025 results next week. The update is expected to shed light on how the firm’s
A look at Best Buy’s (BBY) progress on its growth strategy
Shares of Best Buy Co., Inc. (NYSE: BBY) fell over 3% on Wednesday. The stock has dropped 17% over the past 12 months. The consumer electronics retailer delivered sales and
