Form 10-Q · Quarterly report
Eaton Corporation 10-Q, filed Nov 3, 2026
- Filed
- CIK
- 0001551182
- Accession no.
- 0001551182-26-000040
Summary
Eaton Corporation reported third-quarter 2026 net sales of $8.95 billion, up 28% from a year earlier, and adjusted earnings per ordinary share of $3.68, up 20%, citing strength in data center, machine OEM, and commercial & institutional end markets. For the first nine months, net sales rose 22% to $24.93 billion while net income attributable to ordinary shareholders fell 6% to $2.77 billion.
Key points
- Net income attributable to Eaton ordinary shareholders was $1.078 billion, or $2.77 per diluted share, in the third quarter, up from $1.010 billion, or $2.59 per diluted share, a year earlier.
- Eaton incurred $128 million in acquisition integration, divestiture charges and transaction costs in the third quarter, primarily related to acquisitions of Fibrebond, Resilient Power Systems, Ultra PCS, Boyd Thermal, and Exertherm and the anticipated separation of the Mobility business.
- Electrical Americas segment net sales rose 22% to $4.172 billion and backlog increased 33% to $15.993 billion.
- Eaton's multi-year restructuring program, begun in 2024, is expected to finish in 2026 with total estimated charges of $430 million and expected mature-year benefits of $415 million.
Written by an AI model from the filing text. It can be incomplete or wrong; the filing on SEC.gov is the record.
From the filing
ITEM 2.MANAGEMENT’S DISCUSSION RESULTS OF OPERATIONS Non-GAAP Financial Measures The following discussion of Consolidated Financial Results includes certain non-GAAP financial measures. These financial measures include adjusted earnings and adjusted earnings per ordinary share, each of which differs from the most directly comparable measure calculated in accordance with generally accepted accounting principles (GAAP). A reconciliation of adjusted earnings and adjusted earnings per ordinary share to the most directly comparable GAAP measure is included in the Consolidated Financial Results table below. …
An excerpt of the text as filed with the SEC, cut for length.
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