Eaton (ETN) Tops Q1 EPS by 2c, Offers Guidance

Eaton (NYSE: ETN) reported Q1 EPS of $1.62, $0.02 better than the analyst estimate of $1.60. Revenue for the quarter came in at $4.8 billion versus the consensus estimate of $4.79 billion.

GUIDANCE:

Eaton sees FY2022 EPS of $7.32-$7.72, versus the consensus of $7.48.

• For the full year 2022, the company is increasing its organic growth guidance from 7-9% to 9-11% and raising adjusted earnings per share to between $7.32 and $7.72. For the second quarter of 2022, the company anticipates organic growth of 9-11% and adjusted earnings per share to be between $1.78 and $1.88.

Eaton sees Q2 2022 EPS of $1.78-$1.88, versus the consensus of $1.83.

For earnings history and earnings-related data on Eaton (ETN) click here.

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