Eaton — Jul 31, 2026 release

Guidance For the full year 2026, the company anticipates: • Organic growth of 11-13% • Segment margins of 24.1-24.5% • Earnings per share between $10.36 and $10.56 • Adjusted earnings per share between $13.40 and $13.60 For the third quarter of 2026, the company anticipates: • Organic growth of 13.5-15.5% • Segment margins of 24.6-25.0% • Earnings per share between $2.77 and $2.87 • Adjusted earnings per share between $3.46 and $3.56 Business Segment Results Sales for the Electrical Americas segment were a record $4.0 billion, up 18% organically from the second quarter of 2025. Operating profits were a record $1.1 billion, up 10% over the second quarter of 2025, and operating margins in the quarter were 27.5%, up 190 basis points sequentially. The twelve-month rolling average of orders in the second quarter was up 41% organically. Total backlog at the end of June remained strong and was up 33% over June 2025. Sales for the Electrical Global segment were a record $2.5 billion, up 44% from the second quarter of 2025. The sales increase consisted of 18% growth in organic sales, 25% contribution from Boyd Thermal in its first full quarter post-acquisition, and 1% growth from foreign exchange. Operating profits were a record $499 million, up 41% over the second quarter of 2025. Operating margins in the quarter were 19.8%, up 60 basis points sequentially. The twelve-month rolling average of orders in the second quarter was up 33% organically. Total backlog at the end of June was up 103% over June 2025. On a rolling twelve-month basis, the book-to-bill ratio for t