Eaton – Eaton Reports Record Fourth Quarter 2023 Results, with Continued Strong Backlog Growth, and Issues Guidance on 2024 Outlook

February 1, 2024
Eaton

  • Fourth quarter earnings per share of $2.35 and record adjusted earnings per share of $2.55, up 24% over 2022
  • Record quarterly sales with 10% organic growth resulting in record fourth quarter segment margins of 22.8%, 200 basis points above the fourth quarter of 2022
  • For full year 2023, record earnings per share of $8.02 with 12% organic growth and record adjusted earnings per share of $9.12, up 20% over 2022 
  • Adjusted earnings per share for 2024 expected to be between $9.95 and $10.35, up 11% at midpoint over 2023

 

DUBLIN – Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.35 for the fourth quarter of 2023.

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