Eaton (ETN) Tops Q2 EPS by 3c; Plans Cost Cuts, Trims FY15 EPS Outlook

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Go back to Eaton (ETN) Tops Q2 EPS by 3c; Plans Cost Cuts, Trims FY15 EPS Outlook

Eaton Second Quarter Operating Earnings Per Share of $1.16, Above Midpoint of Guidance and Up 5 Percent Over Second Quarter of 2014

July 29, 2015 6:30 AM EDT

Implementing Restructuring Program of $145 Million to Reset Cost Structure

Lowering Midpoint of 2015 Operating Earnings Per Share Guidance by 6 Percent, with 3 Percent Due to Restructuring Program

DUBLIN--(BUSINESS WIRE)-- Power management company Eaton Corporation plc (NYSE: ETN) today announced that operating earnings per share, which exclude charges of $0.02 per share to integrate recent acquisitions, were $1.16 for the second quarter of 2015, up 5 percent over the second quarter of 2014, adjusted for the Aerospace divestitures and the litigation settlements recorded in the second quarter of 2014. Sales in the second quarter of 2015 were $5.4 billion, 7... More