Reports Q1 revenue $7.5B, consensus $7.14B. Paulo Ruiz, Eaton (ETN) chief executive officer, said, “Strong demand across our markets drove solid first quarter performance, highlighted by order strength, backlog growth and our team’s continued discipline and focus on operational execution. In Electrical Americas, we achieved strong organic growth while advancing significant capacity expansion investments to meet demand. Electrical Global also continues to outperform, and Aerospace delivered strong backlog growth and segment profit. Mobility delivered solid operational performance in a challenging market, and we remain on track toward its Q1 2027 planned spin-off into an independent, publicly traded company. We’ve taken bold actions to shape the portfolio, deliver the solutions our customers need and position ourselves to meet or exceed our 2030 targets.”
Claim 55% Off TipRanks
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on ETN:
- Eaton initiated with a Buy at Erste Group
- Notable companies reporting before tomorrow’s open
- Eaton Corporation (ETN) Q1 Earnings Cheat Sheet
- Inside the AIPO ETF: What GE Vernova and Vertiv’s Q1 Earnings Just Revealed About the AI Power Trade
- Eaton Shareholders Approve Directors, Pay and Capital Authorities
