Eaton Q4 Earnings Beat Estimates, Revenues Up Y/Y on Organic Sales

Eaton Corporation ETN reported fourth-quarter 2024 earnings of $2.83 per share, which surpassed the Zacks Consensus Estimate by 0.7%. The bottom line increased around 11% year over year and was near the upper end of the guidance of $2.78-$2.84.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.GAAP earnings for the reported quarter were $2.45 per share, up 4.3% from $2.25 in the year-ago quarter. The difference between GAAP and operating earnings in the reported quarter was due to charges of 22 cents for intangible assets amortization, 14 cents for a multi-year restructuring program, and 2 cents of gains from acquisitions and divestitures.Revenues of EatonTotal quarterly revenues were $6.24 billion, which missed the Zacks Consensus Estimate of $6.35 billion by 1.7%. The figure increased 4.6% year over year. The fourth-quarter year-over-year revenue growth was driven by organic sales growth and partially offset the adverse impact of Hurricane Helene, labor strikes in the aerospace industry and 1% from negative currency translation.Eaton Corporation, PLC Price, Consensus and EPS Surprise  Eaton Corporation, PLC price-consensus-eps-surprise-chart | Eaton Corporation, PLC QuoteETN’s Segmental DetailsElectrical Americas’ total fourth-quarter sales were $2.9 billion, up 9% year over year, attributed to increased organic sales. Operating profit was $918 million, up 20% year over year.Electrical Global’s total sales were $1.6 billion, up 4% from the year-ago quarter. The year-over-year growth was due to an increase in organic sales by 5.5% and offset by negative currency translation of 1.5%. Operating profit was $277 million, down 2.5% year over year.Aerospace’s total sales were $971 million up 9% year over year, driven by organic sales growth. Operating profit was $222 million, up 11% year over year.Vehicle’s total sales were $647 million down 10% year over year, due to a decline in organic sales and negative currency translation. Operating profit was $122 million, down 5.4% year over year.eMobility segment’s total sales were $147 million, down 10.9% year over year, caused by a decline in organic sales and negative currency translation. Operating profit was $3 million against a loss of $16 million in the year-ago quarter.Highlights of ETN’s Q4 ReleaseSelling and administrative expenses were $1.003 billion, up 4.9% year over year.Research and development expenses were $201 million on par with the year-ago quarter’s level.Interest expenses were $42 million, up 55.5% year over year.Eaton’s backlog, with orders, at the end of 2024, increased 29% in Electrical Americas and 16% in Aerospace and Electric Global each on a rolling 12-month basis.Financial Update of ETNAs of Dec. 31, 2024, the company’s cash was $555 million, up from $488 million as of Dec. 31, 2023.As of Dec. 31, 2024, ETN’s long-term debt was $8.47 billion, up 2.8% from $8.24 billion as of Dec. 31, 2023.Guidance of EatonEaton’s first-quarter 2025 earnings are expected in the range of $2.65-$2.75 per share. The Zacks Consensus Estimate is pegged at $2.73 per share, a tad higher than the mid-point of the company’s guidance. The company expects organic growth in the range of 5.5-7.5%.Eaton now expects adjusted earnings per share in the range of $11.8-$12.20 for 2025, indicating an increase of 11% at the midpoint from the prior-year levels. The company anticipates organic sales growth for 2025 in the range of 7-9%. Eaton expects its segment margin in the range of 24.4-24.8%.ETN’s Zacks RankCurrently, Eaton has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Upcoming ReleasesChart Industries, Inc GTLS is scheduled to report fourth-quarter 2024 results on Feb. 28. The Zacks Consensus Estimate for earnings is pegged at $3.19 per share, indicating an increase of 41.78% from the year-ago level. The long-term (three-to-five years) earnings growth rate of GTLS is pinned at 26.59%.Emerson EMR is scheduled to report first-quarter fiscal 2025 results on Feb. 5. The Zacks Consensus Estimate for earnings is pegged at $1.28 per share, implying an increase of 4.92% from the prior-year level.The long-term earnings growth rate is pinned at 9.9%. EMR delivered an average earnings surprise of 6.66% in the past four quarters.EnerSys ENS is scheduled to report third-quarter fiscal 2025 results on Feb. 6. The Zacks Consensus Estimate for earnings is pegged at $3.03 per share, implying an increase of 18.36% from the prior-year level.The long-term earnings growth rate is pinned at 18%. ENS delivered an average earnings surprise of 1.57% in the past four quarters.Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is among the most innovative financial firms. With a fast-growing customer base (already 50+ million) and a diverse set of cutting edge solutions, this stock is poised for big gains. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Emerson Electric Co. (EMR): Free Stock Analysis Report Eaton Corporation, PLC (ETN): Free Stock Analysis Report Chart Industries, Inc. (GTLS): Free Stock Analysis Report Enersys (ENS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks