Eaton (ETN) Reports In-Line Q2 EPS

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Go back to Eaton (ETN) Reports In-Line Q2 EPS

Eaton Reports Second Quarter Net Income and Operating Earnings Per Share of $1.07, Above Midpoint of Guidance

August 2, 2016 6:30 AM EDT

Record Second Quarter Operating Cash Flow of $745 Million

Restructuring Program Proceeding as Planned

2016 Operating Earnings Per Share Guidance Narrowed and Midpoint Affirmed

DUBLIN--(BUSINESS WIRE)-- Power management company Eaton Corporation plc (NYSE: ETN) today announced that net income and operating earnings per share were $1.07 for the second quarter of 2016. Operating earnings exclude acquisition integration charges, which were negligible in the second quarter of 2016 and were $12 million in the second quarter of 2015. Operating earnings per share were down 8 percent from the second quarter of 2015. Sales in the second quarter of 2016 were $5.1... More