Power management company Eaton Corp. (NYSE: ETN) on Tuesday reported double-digit growth in adjusted earnings for the fourth quarter of FY25, on record-high sales.
- Fourth-quarter sales increased 13% to a record $7.1 billion from $6.2 billion in the prior-year quarter
- The top-line growth consisted of 9% organic growth, 2% gains from acquisitions, and a 2% forex-related benefit
- Earnings, on an adjusted basis, climbed 18% year-over-year to $3.33 per share in Q4
- On a reported basis, earnings were $2.91 per share, a fourth-quarter record and up 19% YoY
- Segment margins rose 20 basis points from last year to a Q4 record of 24.9%
- Operating cash flow was $2.0 billion, while free cash flow came in at $1.6 billion, both quarterly records
- For fiscal 2026, management expects organic growth of 7-9% and segment margins of 24.6-25.0%
- Full-year earnings, on a per-share basis, are expected to be between $11.57 and $12.07
- The guidance for full-year adjusted earnings per share is in the $13.00-$13.50 range