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Eaton | 10-Q: Q2 2024 Earnings Report

Eaton | 10-Q: Q2 2024 Earnings Report

伊顿 | 10-Q:2024财年二季报
美股SEC公告 ·  2024/08/01 19:31

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Eaton Corporation reported robust second quarter 2024 results with revenue increasing 8% to $6.35 billion, driven by 9% organic growth. Net income surged 33% to $993 million, while diluted earnings per share rose to $2.48 from $1.86 in Q2 2023. Gross profit margin expanded to 38.0% from 36.1% year-over-year, benefiting from higher sales volumes and improved operating efficiencies.The Electrical Americas segment led growth with a 13% revenue increase to $2.88 billion, driven by strong industrial and data center demand. Aerospace segment revenue grew 13% to $955 million on strength in commercial OEM and aftermarket sales. The company's backlog remained healthy at $15.2 billion, with 72% expected to be delivered within 12 months.Management demonstrated confidence in future growth by increasing planned capital expenditures to $800 million for 2024 to expand production capacity. The company also maintained its shareholder returns, paying $756 million in dividends and repurchasing $738 million of shares in the first half. Additionally, Eaton issued €1 billion in Euro-denominated notes to strengthen its financial position.
Eaton Corporation reported robust second quarter 2024 results with revenue increasing 8% to $6.35 billion, driven by 9% organic growth. Net income surged 33% to $993 million, while diluted earnings per share rose to $2.48 from $1.86 in Q2 2023. Gross profit margin expanded to 38.0% from 36.1% year-over-year, benefiting from higher sales volumes and improved operating efficiencies.The Electrical Americas segment led growth with a 13% revenue increase to $2.88 billion, driven by strong industrial and data center demand. Aerospace segment revenue grew 13% to $955 million on strength in commercial OEM and aftermarket sales. The company's backlog remained healthy at $15.2 billion, with 72% expected to be delivered within 12 months.Management demonstrated confidence in future growth by increasing planned capital expenditures to $800 million for 2024 to expand production capacity. The company also maintained its shareholder returns, paying $756 million in dividends and repurchasing $738 million of shares in the first half. Additionally, Eaton issued €1 billion in Euro-denominated notes to strengthen its financial position.
伊顿公司报告了2024年第二季度强劲的业绩,营业收入增长8%,达到63.5亿美金,主要受到9%有机增长的推动。净利润激增33%,达到99300万美金,而稀释每股收益从2023年第二季度的1.86美元上升至2.48美元。毛利润率从去年的36.1%扩大至38.0%,受益于较高的销售量和改善的运营效率。电气美洲部门以13%的营业收入增长引领增长,达到28.8亿美金,受到强劲的工业和IDC概念需求的推动。航空航天部门的营业收入增长13%,达到95500万美金,得益于商用OEM和售后市场销售的强劲。公司的订单积压保持健康,达到152亿美金,其中72%预计将在12个月内交付。管理层对未来增长表现出信恳智能,计划将2024年的资本支出增加至80000万美金,以扩大生产能力。公司还维持了其股东回报,上半年支付了75600万美金的分红派息,并回购了73800万美金的股份。此外,伊顿发行了10亿欧元的欧元债券,以增强其财务状况。
伊顿公司报告了2024年第二季度强劲的业绩,营业收入增长8%,达到63.5亿美金,主要受到9%有机增长的推动。净利润激增33%,达到99300万美金,而稀释每股收益从2023年第二季度的1.86美元上升至2.48美元。毛利润率从去年的36.1%扩大至38.0%,受益于较高的销售量和改善的运营效率。电气美洲部门以13%的营业收入增长引领增长,达到28.8亿美金,受到强劲的工业和IDC概念需求的推动。航空航天部门的营业收入增长13%,达到95500万美金,得益于商用OEM和售后市场销售的强劲。公司的订单积压保持健康,达到152亿美金,其中72%预计将在12个月内交付。管理层对未来增长表现出信恳智能,计划将2024年的资本支出增加至80000万美金,以扩大生产能力。公司还维持了其股东回报,上半年支付了75600万美金的分红派息,并回购了73800万美金的股份。此外,伊顿发行了10亿欧元的欧元债券,以增强其财务状况。
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