Eaton — Oct 31, 2024 release
Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001551182-24-000038
Showing in the filing
Net income per share attributable to Eaton ordinary shareholders - diluted
“$9.47 - $9.53”
Period
FY2024
Measure
GAAP-tied
Source
Guidance table
All guidance in this release · 14
Segment margins (full year 2024, raised) for FY2024
“23.5-23.9%”
Earnings per share for FY2024
“between $9.47 and $9.53”
Organic growth for Q4 FY2024
“6-7%”
Segment margins for Q4 FY2024
“23.6-24.0%”
Earnings per share for Q4 FY2024
“between $2.42 and $2.48”
Net income per share attributable to Eaton o… for Q4 FY2024
“$2.42 - $2.48”
Net income per share attributable to Eaton o… for FY2024
“$9.47 - $9.53”
Adjusted earnings per ordinary share for Q4 FY2024
“$2.78 - $2.84”
Adjusted earnings per ordinary share for FY2024
“$10.75 - $10.81”
Restructuring program (2020) - mature year b… for FY2024
“$265 million”
Restructuring program - additional workforce… for FY2026
“$198 million”
Restructuring program - additional plant clo… for FY2026
“$45 million”
Restructuring program - total estimated char… for FY2026
“$375 million”
Restructuring program - expected mature year… for the long term
“$325 million”
Exhibit 99.1 · the passage around this item
… earlier in the release
The Company's fourth quarter and full year net income per ordinary share and adjusted earnings per ordinary share guidance for 2024 is as follows: Three months ended December 31, 2024 Year ended December 31, 2024 Net income per share attributable to Eaton ordinary shareholders - diluted $2.42 - $2.48 $9.47 - $9.53 Excluding per share impact of acquisition and divestiture charges, after tax 0.03 0.07 Excluding per share impact of restructuring program charges, after tax 0.11 0.37 Excluding per share impact of intangible asset amortization expense, after tax 0.22 0.84 Adjusted earnings per ordinary share $2.78 - $2.84 $10.75 - $10.81 A reconciliation of net income attributable to Eaton ordinary shareholders per share to adjusted earnings per ordinary share is as follows: Year ended December 31, 2023 Net income per share attributable to Eaton ordinary shareholders - diluted $ 8.02 Excluding per share impact of acquisition and divestiture charges, after tax 0.10 Excluding per share impact of restructuring program charges, after tax 0.11 Excluding per share impact of intangible asset amortization expense, after tax 0.89 Adjusted earnings per ordinary share $ 9.12 A reconciliation of operating cash flow to free cash flow is as follows: Three months ended September 30 (In millions) 2024 2023 Operating cash flow $ 1,308 $ 1,140 Capital expenditures for property, plant and equipment (183) (227) Free cash flow $ 1,126 $ 913 Note 2. ACQUISITIONS OF BUSINESSES Acquisition of a 4
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.