Quick answer: latest quarter results, by ticker or company name

Reported Q: Q2 2024 Rev YoY: +8.3% EPS YoY: +33.2% Move: +0.87%

Eaton Corporation plc

ETN

$377.06 0.87%

Exchange NYSE Sector Industrials Industry Industrial Machinery

Q2 2024

Published: Aug 1, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for ETN

Reported

Report Date

Aug 1, 2024

Quarter Q2 2024

Revenue

6.35B

YoY: +8.3%

EPS

2.48

YoY: +33.2%

Market Move

+0.87%

Previous quarter: Q1 2024

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Earnings Highlights

Revenue of $6.35B up 8.3% year-over-year
EPS of $2.48 increased by 33.2% from previous year
Gross margin of 37.9%
Net income of 993.00M
""We delivered another strong quarter, and we're pleased with the first half of the year. Our markets are well positioned for the future."" - Craig Arnold

ETN

Eaton Corporation plc

Period Q2 2024

Currency USD

Report Type Quarterly Earnings

Generated Feb 9, 2026

Executive Summary

Eaton Corporation plc delivered outstanding financial performance in Q2 2024, with total revenue reaching $6.4 billion, an increase of 8% YOY and a 6.85% increase over the previous quarter. The company reported an adjusted EPS of $2.73, an all-time high reflecting a 24% increase compared to the prior year. Strength across electrical and aerospace markets, along with robust order backlogs, supported a raised full-year guidance for organic growth and operating margins. CEO Craig Arnold noted that the combination of strong market demands and effective execution positions Eaton well for the second half of the year and beyond.

Key Performance Indicators

Revenue

Increasing

6.35B

QoQ: 6.85% | YoY: 8.25%

Gross Profit

Increasing

2.41B

37.94% margin

QoQ: 8.61% | YoY: 13.69%

Operating Income

Increasing

1.22B

QoQ: 21.70% | YoY: 35.67%

Net Income

Increasing

993.00M

QoQ: 20.95% | YoY: 33.47%

EPS

Increasing

2.49

QoQ: 21.46% | YoY: 33.16%

Revenue Trend

Margin Analysis

Financial Highlights

- Revenue: $6.4 billion (up 8% YoY, 6.85% QoQ)
- Gross Profit: $2.41 billion (Gross Margin: 37.4%)
- Operating Income: $1.22 billion (Operating Margin: 19.1%)
- Net Income: $993 million (Net Margin: 15.6%)
- Adjusted EPS: $2.73 (up 24% YoY)
- Electrical Americas segment grew by 13% organically, boasting a record operating margin of 29.9%.
- Aerospace segment reported 13% organic growth with a 21.5% operating margin, despite a year-on-year decline of 100 basis points due to operational inefficiencies.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	6.35B	8.25%	6.85%
Gross Profit	2.41B	13.69%	8.61%
Operating Income	1.22B	35.67%	21.70%
Net Income	993.00M	33.47%	20.95%
EPS	2.49	33.16%	21.46%

Key Financial Ratios

Gross Profit Margin

Fair

37.90%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Good

19.20%

Operating margin is healthy and competitive within industry standards

Net Profit Margin

Good

15.60%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.52%

Return on assets suggests inefficient capital allocation

Return on Equity

Fair

5.17%

Return on equity is acceptable but below top-tier companies

Current Ratio

Healthy

1.56

Current ratio shows adequate liquidity to meet short-term obligations

Debt to Equity

Moderate

0.55

Debt-to-equity indicates balanced capital structure with manageable debt

P/E Ratio

Growth

31.39x

Elevated P/E suggests growth expectations or premium valuation

Price to Book

High Premium

6.49x

Very high premium suggests asset-light business model or lofty expectations

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q1 2025	6,377.00	2.45	+7.3%	View
Q4 2024	6,240.00	2.45	+4.6%	View
Q3 2024	6,345.00	2.53	+7.9%	View
Q2 2024	6,350.00	2.48	+8.3%	View
Q1 2024	5,943.00	2.04	+8.4%	View

Eaton Corporation plc (ETN) Q2 2024 Earnings Report

Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Financial Highlights

Income Statement

Key Financial Ratios

Management Insights Available for Members

Peer Comparison Available for Members

Investment Outlook & SWOT Available for Members

Historical Earnings Comparison

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