Eaton's (ETN) first-quarter earnings per share and revenues are driven by strong sales growth. The company revises its 2024 adjusted earnings per share guidance.
ETN Surpasses Analyst Expectations with Record First Quarter Performance
DUBLIN, April 30, 2024--Intelligent power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $2.04 for the first quarter of 2024, a first quarter record and up 28% over the first quarter of 2023. Excluding charges of $0.21 per share related to intangible amortization, $0.12 per share related to a multi-year restructuring program, and $0.03 per share related to acquisitions and divestitures, adjusted earnings per share of $2.40 were also a first quart