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Eaton | 10-Q: Q3 2024 Earnings Report

Eaton | 10-Q: Q3 2024 Earnings Report

伊顿 | 10-Q:2024财年三季报
美股SEC公告 ·  11/01 00:45

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Eaton Corporation reported strong Q3 2024 results, with net sales increasing 8% to $6.35 billion and net income attributable to shareholders rising 13% to $1.01 billion. Adjusted earnings per share grew 15% to $2.84. The Electrical Americas segment led growth with a 14% sales increase and 24% higher operating profit.The company saw strength in data center, commercial & institutional, and utility end-markets, offsetting weakness in residential and some industrial sectors. Eaton's aerospace business also performed well, with 9% sales growth. However, the vehicle segment experienced a 7% sales decline due to weakness in North America and Europe.Eaton maintained a solid financial position, with $473 million in cash and $1.52 billion in short-term investments as of September 30. The company continued its share repurchase program, buying back 3 million shares for $891 million in Q3. Looking ahead, Eaton plans to increase capital expenditures to support anticipated growth, expecting approximately $800 million in capex for 2024.
Eaton Corporation reported strong Q3 2024 results, with net sales increasing 8% to $6.35 billion and net income attributable to shareholders rising 13% to $1.01 billion. Adjusted earnings per share grew 15% to $2.84. The Electrical Americas segment led growth with a 14% sales increase and 24% higher operating profit.The company saw strength in data center, commercial & institutional, and utility end-markets, offsetting weakness in residential and some industrial sectors. Eaton's aerospace business also performed well, with 9% sales growth. However, the vehicle segment experienced a 7% sales decline due to weakness in North America and Europe.Eaton maintained a solid financial position, with $473 million in cash and $1.52 billion in short-term investments as of September 30. The company continued its share repurchase program, buying back 3 million shares for $891 million in Q3. Looking ahead, Eaton plans to increase capital expenditures to support anticipated growth, expecting approximately $800 million in capex for 2024.
伊顿公司公布了2024年第三季度的强劲业绩,净销售额增长8%至63.5亿美元,归属于股东的净利润上升13%至10.1亿美元。调整后的每股收益增长15%至2.84美元。电气美洲部门在销售增长中表现突出,销售增长14%,营业利润提高24%。公司在IDC概念、商业与机构以及公用事业最终市场表现良好,抵消了住宅和某些工业领域的疲软。伊顿的航空航天业务也表现良好,销售增长9%。然而,车辆部门因美洲和欧洲的疲软,销售下降7%。截至9月30日,伊顿保持了良好的财务状况,现金为47300万美元,短期投资为15.2亿美元。公司继续其股票回购计划,在第三季度回购了300万股股票,花费89100万美元。展望未来,伊顿计划增加资本支出以支持预期的增长,预计2024年的资本支出约为80000万美元。
伊顿公司公布了2024年第三季度的强劲业绩,净销售额增长8%至63.5亿美元,归属于股东的净利润上升13%至10.1亿美元。调整后的每股收益增长15%至2.84美元。电气美洲部门在销售增长中表现突出,销售增长14%,营业利润提高24%。公司在IDC概念、商业与机构以及公用事业最终市场表现良好,抵消了住宅和某些工业领域的疲软。伊顿的航空航天业务也表现良好,销售增长9%。然而,车辆部门因美洲和欧洲的疲软,销售下降7%。截至9月30日,伊顿保持了良好的财务状况,现金为47300万美元,短期投资为15.2亿美元。公司继续其股票回购计划,在第三季度回购了300万股股票,花费89100万美元。展望未来,伊顿计划增加资本支出以支持预期的增长,预计2024年的资本支出约为80000万美元。
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