Eaton – Eaton Reports Record Fourth Quarter 2024 Results, with Strong Orders and Backlog Growth, and Issues Guidance on 2025 Outlook

January 31, 2025

Fourth quarter earnings per share of $2.45, a fourth quarter record and up 4% over 2023, and record fourth quarter adjusted earnings per share of $2.83, up 11% over 2023
Record segment margins of 24.7%, 190 basis points above the fourth quarter of 2023
Strong backlog growth of 27% in Electrical and 16% in Aerospace
Order growth of 16% in Electrical Americas with 1.2 book-to-bill ratio on a rolling twelve-month basis
For full year 2024, record earnings per share of $9.50 with 8% organic growth and record adjusted earnings per share of $10.80, up 18% over 2023
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