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Eaton — Oct 31, 2024 release

Fiscal 2024 third-quarter results · 8-K Item 2.02 · Exhibit 99.1 · 0001551182-24-000038
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Showing in the filing
Adjusted earnings per ordinary share
“$2.78 - $2.84”
Period
Q4 FY2024
Measure
Company-defined measure
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 49% stake in NordicEPOD AS On May 31, 2024, Eaton acquired a 49 percent stake in NordicEPOD AS, which designs and assembles standardized power modules for data centers in the Nordic region. Eaton accounts for this investment on the equity method of accounting and it is reported within the Electrical Global busines
later in the release …
the item shown at left
other guidance in this release
Text is the filed exhibit, verbatim.