Eaton — May 2, 2025 release

The Company's second quarter and full year net income per ordinary share and adjusted earnings per ordinary share guidance for 2025 is as follows: Three months ended  June 30, 2025 Year ended December 31, 2025 Net income per share attributable to Eaton ordinary shareholders - diluted $2.35 - $2.45 $10.29 - $10.69 Excluding per share impact of acquisition and divestiture charges, after tax 0.13  0.24  Excluding per share impact of restructuring program charges, after tax 0.11  0.29  Excluding per share impact of intangible asset amortization expense, after tax 0.26  0.98  Adjusted earnings per ordinary share $2.85 - $2.95 $11.80 - $12.20 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, 2024 Net income per share attributable to Eaton ordinary shareholders - diluted $ 9.50  Excluding per share impact of acquisition and divestiture charges, after tax 0.06  Excluding per share impact of restructuring program charges, after tax 0.40  Excluding per share impact of intangible asset amortization expense, after tax 0.84  Adjusted earnings per ordinary share $ 10.80  A reconciliation of operating cash flow to free cash flow is as follows:      (In millions) Three months ended March 31 2025 Operating cash flow $ 238  Capital expenditures for property, plant and equipment (147) Free cash flow $ 91  Note 2. ACQUISITIONS OF BUSINESSES Acquisition of Exertherm On May 20, 2024, Eaton acquired Exertherm, a U.K.-based provider of thermal monitoring solutions for electrical equipment. Exertherm is reported within the Electrical Americas business segment. 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 standardize