Eaton — Jan 31, 2025 release

We're confident in that continued momentum into 2025 as Eaton is in a unique position to deliver differentiated performance amid powerful megatrends driving higher growth in our markets." Guidance For the full year 2025, the company is issuing the following guidance: • Organic growth of 7-9% • Segment margins of 24.4-24.8% • Earnings per share between $10.60 and $11.00, up 14% at the midpoint over the prior year • Adjusted earnings per share between $11.80 and $12.20, up 11% at the midpoint over the prior year For the first quarter of 2025, the company anticipates: • Organic growth of 5.5-7.5% • Segment margins of 23.7-24.1% • Earnings per share between $2.30 and $2.40 • Adjusted earnings per share between $2.65 and $2.75 Business Segment Results Sales for the Electrical Americas segment were a fourth quarter record $2.9 billion, up 9% from the fourth quarter of 2023, driven entirely by organic sales growth. Operating profits were a record $918 million, up 20% over the fourth quarter of 2023. Operating margins in the quarter were a record 31.6%, up 310 basis points over the fourth quarter of 2023. The twelve-month rolling average of orders in the fourth quarter was up 16% organically. Backlog at the end of December remained at record levels, up 29% organically over December 2023. Sales for the Electrical Global segment were a fourth quarter record $1.6 billion, up 4% from the fourth quarter of 2023. Organic sales were up 5.5%, which was partially offset by 1.5% from negative currency translation. Operating profits were $277 million and operating margins in the quarter were 17.7%. The twelve-month rolling average of orders in the fourth quarter was up 4% organically. Backlog at the end of December was up 16% organically over December 2023. On a rolling twelve-month basis