Earnings summaries and quarterly performance for Eaton Corp.
Executive leadership at Eaton Corp.
Board of directors at Eaton Corp.
AS
Andre Schulten
Detailed
Director
DW
Darryl Wilson
Detailed
Director
DT
Dorothy Thompson
Detailed
Director
GJ
Gerald Johnson
Detailed
Director
GS
Gerald Smith
Detailed
Director
GP
Gregory Page
Detailed
Non-Executive Chair of the Board
KT
Karenann Terrell
Detailed
Director
LR
Lori Ryerkerk
Detailed
Director
RP
Robert Pragada
Detailed
Director
SP
Sandra Pianalto
Detailed
Director
SN
Silvio Napoli
Detailed
Director
Research analysts who have asked questions during Eaton Corp earnings calls.
AO
Andrew Obin
Bank of America
8 questions for ETN
Also covers: ALH, ALLE, AME +17 more
Christopher Snyder
Morgan Stanley
8 questions for ETN
Also covers: ALH, ALLE, AME +21 more
NC
Nigel Coe
Wolfe Research, LLC
8 questions for ETN
Also covers: AME, CARR, CNM +28 more
Deane Dray
RBC Capital Markets
7 questions for ETN
Also covers: AME, ATKR, CARR +21 more
JS
Jeffrey Sprague
Vertical Research Partners
6 questions for ETN
Also covers: ALLE, AME, AYI +23 more
SD
Scott Davis
Melius Research
6 questions for ETN
Also covers: CARR, DD, DHR +16 more
Joseph Ritchie
Goldman Sachs
5 questions for ETN
Also covers: ALLE, CARR, CGNX +22 more
Andrew Kaplowitz
Citigroup
4 questions for ETN
Also covers: ACM, AOS, APG +29 more
ND
Nicole DeBlase
BofA Securities
4 questions for ETN
Also covers: CTOS, EMR, GEV +13 more
JM
Julian Mitchell
Barclays Investment Bank
3 questions for ETN
Also covers: AIRJ, ALLE, AME +26 more
CS
C. Stephen Tusa
JPMorgan Chase & Co.
2 questions for ETN
Also covers: ADSK, ANSS, APG +17 more
JO
Joseph O'Dea
Wells Fargo & Company
2 questions for ETN
Also covers: ALLE, ATMU, AYI +15 more
ND
Nicole DeBlase
Deutsche Bank
2 questions for ETN
Also covers: AME, CARR, GEV +5 more
ST
Stephen Tusa
J.P. Morgan
2 questions for ETN
Also covers: ALTR, DOV, HON +3 more
TT
Timothy Thein
Raymond James
2 questions for ETN
Also covers: AGCO, ALSN, CAT +14 more
Amit Mehrotra
UBS
1 question for ETN
Also covers: CARR, CR, DOV +13 more
BL
Brett Linzey
Mizuho Securities
1 question for ETN
Also covers: AIRO, AIT, ALLE +15 more
CA
Charles Albert Dillard
Bernstein
1 question for ETN
Also covers: CAT, CMI, DE +6 more
DR
David Raso
Evercore ISI
1 question for ETN
Also covers: CAT, CMI, CNH +12 more
Jeffrey Hammond
KeyBanc Capital Markets
1 question for ETN
Also covers: AOS, GGG, GNRC +19 more
Joe Ritchie
Goldman Sachs
1 question for ETN
Also covers: ALLE, ATS, CARR +19 more
PB
Philip Buller
Berenberg
1 question for ETN
Also covers: OTIS
SV
Stephen Volkmann
Jefferies
1 question for ETN
Also covers: AGCO, CARR, CAT +21 more
ST
Steve Tusa
JPMorgan Chase & Co.
1 question for ETN
Also covers: AIN, ALTR, CARR +15 more
Recent press releases and 8-K filings for ETN.
Eaton announces credit facilities to fund Boyd Thermal acquisition
ETN
M&A
Debt Issuance
- Eaton to acquire the Boyd Thermal business of Boyd Corporation under a merger agreement dated November 2, 2025.
- Entered a $8.0 billion senior unsecured delayed-draw term loan facility via a Term Credit Agreement dated February 6, 2026 to finance the acquisition.
- Increased its revolving credit commitments from $3.0 billion to $4.0 billion through a Commitment Increase Agreement to cover the acquisition consideration and related fees.
- Facility is syndicated and jointly arranged by Citibank, Barclays Bank PLC, BofA Securities, JPMorgan Chase and Morgan Stanley Senior Funding.
6 hours ago
Eaton reports Q4 2025 results
ETN
Earnings
Guidance Update
M&A
- Record Q4 sales of $7,055 M (up 13% YoY) and adjusted EPS of $3.33 (up 18% YoY) driven by broad-based segment growth.
- Electrical Americas data-center orders surged ~200% and revenue rose ~40% versus Q4 2024; combined book-to-bill was 1.1 and backlog grew 31% in Electrical Americas.
- Completed 2025 acquisitions (Fibrebond, Resilient Power Systems, Ultra PCS) and announced the spin-off of the Mobility business—expected by end of Q1 2027 and tax-free to shareholders—to streamline operations and unlock value.
- 2026 guidance calls for adjusted EPS of $13.00–$13.50, organic growth of 7–9%, and an operating margin of 24.6–25.0%.
4 days ago
Eaton reports Q4 2025 results
ETN
Earnings
Guidance Update
M&A
- $7.1 billion Q4 revenue; organic growth +9%; adjusted EPS of $3.33, up 18% y/y; segment margin at record 24.9%
- Electrical Americas trailing-12-month orders +16%; backlog +31% to $13.2 billion; data center orders +200% and sales +40% y/y
- 2026 guidance: organic growth 7–9%; segment margins 24.6–25%; adjusted EPS $13–13.50 (+10%); cash flow $3.9–4.3 billion; Q1 organic growth 5–7%, margins 22.2–22.6%
- $13 billion in 2025 strategic investments via Fibrebond, Resilient Power Systems, Ultra PCS and Boyd Thermal; announced spin-off of mobility business (~$3 billion revenue)
4 days ago
Eaton reports Q4 2025 results
ETN
Earnings
Guidance Update
M&A
- Generated $7.1 billion in Q4 revenue (organic growth of 9%), with adjusted EPS of $3.33 (+18%) and a segment margin of 24.9% (+20 bps).
- Maintained robust demand: Electrical Americas backlog rose 31% yoy to $13.2 billion and total electrical backlog reached $19.6 billion (+29%).
- Provided 2026 guidance for 7%–9% organic revenue growth (Electrical Americas at 10% midpoint), segment margins of 24.6%–25%, adjusted EPS of $13.00–$13.50 (up 10%), and a flat share count.
- Announced $13 billion of 2025 strategic investments, including acquisitions of Fibrebond, Resilient Power Systems, Ultra PCS, Boyd Thermal, and the intent to spin off the mobility business.
- Investing $1.5 billion in Electrical Americas capacity expansion; related ramp-up costs pressured margins in Q4/Q1 but remain on plan for multi-phase project completions and long-term growth.
4 days ago
Eaton reports Q4 2025 results
ETN
Earnings
Guidance Update
M&A
- Delivered $7.1 B in Q4 revenue with 9% organic growth, $3.33 adjusted EPS (+18%), and a record segment margin of 24.9%.
- Electrical Americas orders up 16% on a trailing-12-month basis with backlog of $13.2 B (+31% y/y) and 29.8% operating margin; Aerospace posted 12% organic sales growth, 24.1% margin, and 16% backlog growth.
- 2026 guidance: 7–9% organic growth, segment margins of 24.6–25.0%, adj. EPS $13.00–13.50, free cash flow $3.9–4.3 B, and no share buybacks.
- Announced $13 B of 2025 investments including Fibrebond, Resilient Power Systems, Ultra PCS, Boyd Thermal, and intent to spin off the Mobility business into a standalone public company.
4 days ago
Eaton reports Q4 2025 results
ETN
Earnings
M&A
Guidance Update
- Fourth quarter record net sales of $7.1 billion, up 13% year-over-year, and EPS of $2.91, up 19%, with adjusted EPS of $3.33, up 18%.
- Q4 operating cash flow of $2.0 billion (+23% YoY) and free cash flow of $1.6 billion (+17% YoY).
- Orders and backlog growth: twelve-month rolling average order acceleration of +16% in Electrical Americas and +11% in Aerospace; backlog up 29% in Electrical and 16% in Aerospace.
- Corporate actions: agreed to acquire Boyd Thermal for $9.5 billion, acquired Ultra PCS for $1.55 billion, and announced a spin-off of its Mobility business by end of Q1 2027.
- FY2026 guidance: EPS of $11.57–$12.07 (+13% at midpoint) and adjusted EPS of $13.00–$13.50 (+10% at midpoint).
4 days ago
Eaton reports record Q4 2025 results and issues 2026 guidance
ETN
Earnings
Guidance Update
Revenue Acceleration/Inflection
- In Q4 2025, Eaton delivered EPS of $2.91 (adjusted $3.33), up 19% and 18% year-over-year, marking fourth-quarter records.
- Sales reached $7.1 billion, up 13% from Q4 2024, driven by 9% organic growth.
- Backlog grew 29% in Electrical and 16% in Aerospace, with a book-to-bill ratio of 1.1 and segment margins of 24.9%, a Q4 record.
- For full-year 2026, Eaton forecasts EPS of $11.57–$12.07 (adjusted $13.00–$13.50) and organic growth of 7–9%.
4 days ago
Eaton expands modular data center offering for AI factory deployments
ETN
Product Launch
New Projects/Investments
- Eaton partners with Flexnode to deliver modular, scalable rack and power infrastructure optimized for AI workloads, enabling grid-to-chip data center solutions.
- The modular systems reduce data center deployment schedules by 35% on average and minimize onsite labor requirements.
- Eaton led Flexnode’s Series A funding round to accelerate the development of its prefabricated data center modules.
- The turnkey solution supports high-density data halls from 3.5 to 35 megawatts, integrating Eaton’s 800 VDC power technology with Flexnode’s modular construction.
Jan 28, 2026, 1:33 PM
Eaton announces Mobility Group spin-off
ETN
M&A
- Eaton will spin off its Mobility Group (Vehicle and e-Mobility segments) into a publicly traded independent company in a tax-free transaction expected to close by end of Q1 2027.
- The separation is designed to sharpen focus on Eaton’s core Electrical and Aerospace businesses while enabling Mobility to pursue growth and capital allocation independently.
- The Mobility business, valued at about $5 billion, reported $639 million in Q3 2025 vehicle-unit sales, down 8% year-over-year.
- Following the announcement, shares—recently down 5.8% over the prior 12 months—rose 2.7% in premarket trading; Eaton paid $9.5 billion for Boyd Thermal in 2025 to target AI data-center demand.
Jan 26, 2026, 11:41 AM
Eaton announces plan to spin off Mobility Group
ETN
M&A
- Eaton will separate its Vehicle and eMobility segments into an independent, publicly traded Mobility Group to sharpen focus on its core Electrical and Aerospace businesses.
- The transaction underpins Eaton’s 2030 growth strategy, prioritizing higher-growth, higher-margin operations driven by electrification, digitalization and aerospace megatrends.
- The spin-off is expected to be immediately accretive to Eaton’s organic growth and operating margin upon closing.
- Completion is targeted by end of Q1 2027, subject to customary regulatory and board approvals, and structured to be tax-free for U.S. shareholders.
Jan 26, 2026, 11:40 AM
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