Eaton Corp plc

10-K & 10-Q Filings

Eaton Corporation plc is an intelligent power management company based in Dublin, Ireland. The company was founded in 1911 and has been listed on the New York Stock Exchange for over a century. Eaton reported revenues of $23.2 billion in 2023 and serves customers in more than 160 countries. The company's businesses include Electrical Americas and Electrical Global, Aerospace, Vehicle, eMobility, and Hydraulics. Eaton's principal executive offices are located in Dublin, Ireland, and the company maintains manufacturing facilities at approximately 208 locations in 35 countries. The company's ordinary shares are listed for trading on the New York Stock Exchange under the symbol ETN. At December 31, 2023, there were 9,579 holders of record of the Company's ordinary shares, and 13,994 current and former employees were shareholders through participation in various plans. The company's website is www.eaton.com.

12 mos ending Dec 31, 201212 mos ending Dec 31, 201312 mos ending Dec 31, 201412 mos ending Dec 31, 201512 mos ending Dec 31, 201612 mos ending Dec 31, 201712 mos ending Dec 31, 201812 mos ending Dec 31, 201912 mos ending Dec 31, 202012 mos ending Dec 31, 202112 mos ending Dec 31, 202212 mos ending Dec 31, 20233 mos ending Mar 31, 20233 mos ending Mar 31, 2024CAGR %YoY %Revenue (+)
$16103.00
21775.00
22325.00
20623.00
19514.00
20158.00
-271.00
21154.00
17709.00
19484.00
20608.00
23045.00
5433.00
5913.00
3.31%8.83%Cost of Revenue (-)
$11448.00
15369.00
15646.00
14292.00
13400.00
13756.00
14511.00
14338.00
12408.00
13293.00
13865.00
14762.00
3599.00
3725.00
2.34%3.50%Gross Profit (+)
$4655.00
6406.00
6679.00
6331.00
6114.00
6402.00
6816.00
5301.00
6191.00
6743.00
8283.00
1834.00
2188.00
5.38%19.30%Selling, General & Administrative (-)
$2894.00
3886.00
3810.00
3596.00
3505.00
3565.00
3548.00
3583.00
3075.00
3256.00
3227.00
3795.00
904.00
1025.00
2.49%13.38%Research & Development (-)
$439.00
644.00
647.00
625.00
589.00
584.00
584.00
606.00
551.00
616.00
665.00
754.00
179.00
189.00
5.04%5.59%Non-recurring Operating Expenses (-)
$
644.00
-275.00
Operating Expenses (-)
$3333.00
4530.00
5101.00
4221.00
4094.00
3072.00
3857.00
4189.00
3405.00
3255.00
3868.00
4549.00
1083.00
1214.00
2.87%12.10%Costs & Expenses (Total) (-)
$14781.00
19899.00
20747.00
18513.00
17494.00
16828.00
18368.00
18527.00
15813.00
16548.00
17733.00
19311.00
4682.00
4939.00
2.46%5.49%Operating Income/Loss (+)
$1322.00
1876.00
1578.00
2110.00
2020.00
3330.00
-18639.00
2627.00
1896.00
2936.00
2875.00
3734.00
751.00
974.00
9.90%29.69%Non-operating Income/Expense (+)
$-71.00
8.00
183.00
35.00
107.00
38.00
4.00
-36.00
-150.00
-40.00
36.00
93.00
11.00
26.00
136.36%Earnings before Tax (+)
$1251.00
1884.00
1761.00
2145.00
2127.00
3368.00
2424.00
2591.00
1746.00
2896.00
2911.00
3827.00
762.00
1001.00
10.70%31.36%Tax Expense (-)
$31.00
11.00
-42.00
164.00
202.00
382.00
278.00
378.00
331.00
750.00
445.00
604.00
123.00
179.00
30.99%45.53%Income/Loss (Continuing Operations) (+)
$1220.00
1873.00
1803.00
1981.00
1925.00
2986.00
2146.00
2213.00
1415.00
2146.00
2466.00
3223.00
639.00
822.00
9.23%28.64%Profit/Loss (+)
$1220.00
1873.00
1803.00
1981.00
1925.00
2986.00
2146.00
2213.00
1415.00
2146.00
2465.00
3223.00
639.00
822.00
9.23%28.64%Net Income/Loss (NCI) (-)
$3.00
12.00
10.00
2.00
3.00
1.00
1.00
2.00
5.00
2.00
4.00
5.00
1.00
1.00
4.75%0.00%Net Income/Loss (+)
$1217.00
1861.00
1793.00
1979.00
1922.00
2985.00
2145.00
2211.00
1410.00
2144.00
2462.00
3218.00
638.00
821.00
9.24%28.68%Net Income/Loss (Common) (+)
$1217.00
1861.00
1793.00
1979.00
1922.00
2985.00
2145.00
2211.00
1410.00
2144.00
2462.00
3218.00
638.00
821.00
9.24%28.68%EPS (Basic)
$3.54
3.93
3.78
4.25
4.22
6.71
4.93
5.28
3.51
5.38
6.17
8.06
1.60
2.05
7.77%28.12%EPS (Diluted)
$3.46
3.90
3.76
4.23
4.21
6.68
4.91
5.25
3.49
5.34
6.14
8.02
1.59
2.04
7.94%28.30%Weighted Avg Shares (Basic)
347.80
473.50
474.10
465.50
455.00
444.50
434.30
419.00
402.20
398.70
398.70
399.10
398.50
399.90
1.26%0.35%Weighted Avg Shares (Diluted)
350.90
476.70
476.80
467.10
456.50
447.00
436.90
420.80
404.00
401.60
400.80
401.10
400.50
401.90
1.22%0.35%Cash
$577.00
915.00
781.00
268.00
543.00
561.00
283.00
370.00
438.00
297.00
294.00
488.00
235.00
473.00
-1.51%101.28%Short-term Investments
$527.00
794.00
245.00
177.00
203.00
534.00
157.00
221.00
664.00
271.00
261.00
2121.00
289.00
1969.00
13.49%581.31%Receivables
$3510.00
3648.00
3667.00
3479.00
3560.00
3943.00
3858.00
3437.00
2904.00
3297.00
4076.00
4475.00
4239.00
4674.00
2.23%10.26%Inventory
$2349.00
2382.00
2428.00
2323.00
2254.00
2620.00
2785.00
2805.00
2109.00
2969.00
3430.00
3739.00
3604.00
3868.00
4.32%7.33%Prepaid Expenses (Current)
$432.00
415.00
386.00
369.00
381.00
679.00
507.00
518.00
576.00
677.00
685.00
Other Assets (Current)
$449.00
577.00
593.00
1377.00
2487.00
852.00
771.00
869.00
6.00%12.71%Assets (Current)
$7844.00
8731.00
8100.00
6616.00
6941.00
8337.00
7590.00
8728.00
9178.00
7511.00
8746.00
11675.00
9138.00
11853.00
3.68%29.71%Property, Plant & Equipment (Net)
$11585.00
13170.00
13121.00
11449.00
11482.00
12007.00
12039.00
12202.00
10552.00
10882.00
11159.00
3530.00
3206.00
3558.00
-10.24%10.98%Accumulated Depreciation
$3831.00
4132.00
4214.00
4319.00
4596.00
5003.00
5105.00
5210.00
4624.00
4754.00
4867.00
5208.00
4989.00
5234.00
2.83%4.91%Goodwill & Intangibles
$21175.00
21681.00
20449.00
19493.00
18715.00
18833.00
18174.00
18094.00
17078.00
20606.00
20281.00
20068.00
20280.00
19852.00
-0.49%-2.11%Other Assets
$4846.00
39198.00
37102.00
3740.00
3689.00
4442.00
4327.00
4491.00
2184.00
4631.00
4399.00
2510.00
2315.00
2551.00
-5.81%10.19%Assets (Non-current)
$28004.00
26760.00
25429.00
24415.00
23478.00
24286.00
23502.00
24077.00
22646.00
26516.00
26268.00
26756.00
26380.00
26683.00
-0.41%1.15%Assets (Total)
$35848.00
35491.00
33529.00
31031.00
30419.00
32623.00
31092.00
32805.00
31824.00
34027.00
35014.00
38432.00
35517.00
38535.00
0.63%8.50%Accounts Payable
$2342.00
2421.00
2360.00
2124.00
2097.00
2619.00
2587.00
2563.00
2338.00
3298.00
3539.00
4041.00
3468.00
3892.00
5.08%12.23%Debt (Current)
$1071.00
580.00
1010.00
668.00
1566.00
584.00
753.00
503.00
1048.00
1748.00
334.00
1025.00
95.00
995.00
-0.40%947.37%Other Liabilities (Current)
$2018.00
1913.00
1985.00
1833.00
1822.00
1872.00
1814.00
2066.00
2495.00
2166.00
2488.00
2680.00
2524.00
2726.00
2.61%8.00%Liabilities (Current)
$5431.00
4914.00
5355.00
4625.00
5485.00
5075.00
5154.00
5132.00
5881.00
7212.00
6360.00
7747.00
6087.00
7613.00
3.28%25.07%Debt (Non-current)
$9762.00
8969.00
8024.00
7781.00
6711.00
7167.00
6768.00
8150.00
7010.00
6831.00
8321.00
8244.00
8701.00
8192.00
-1.52%-5.85%Other Liabilities
$5527.00
4745.00
4311.00
3394.00
3282.00
3091.00
3028.00
3390.00
3960.00
3533.00
3259.00
3372.00
3245.00
3405.00
-4.39%4.93%Liabilities (Non-current)
$15289.00
13714.00
12335.00
11175.00
9993.00
10258.00
9796.00
11540.00
10970.00
10364.00
11580.00
11616.00
11946.00
11597.00
-2.47%-2.92%Liabilities (Total)
$20720.00
18628.00
17690.00
15800.00
15478.00
15333.00
14950.00
16672.00
16851.00
17576.00
17941.00
19362.00
18033.00
19210.00
-0.61%6.53%Retained Earnings
$5805.00
6866.00
7078.00
7346.00
7498.00
8669.00
8161.00
8170.00
6794.00
7594.00
8468.00
10305.00
8757.00
10605.00
5.36%21.10%AOCI
$-1990.00
-1560.00
-2899.00
-3863.00
-4448.00
-3404.00
-4145.00
-4290.00
-4195.00
-3633.00
-3946.00
-3906.00
-3814.00
-3946.00
-3.46%Shareholder's Equity
$15128.00
16863.00
15839.00
15231.00
14941.00
17290.00
16142.00
16133.00
14973.00
16451.00
17075.00
19069.00
17485.00
19326.00
2.13%10.53%Liabilities & Equity
$35848.00
35491.00
33529.00
31031.00
30419.00
32623.00
31092.00
32805.00
31824.00
34027.00
35014.00
38432.00
35517.00
38535.00
0.63%8.50%Net Income/Loss
$1220.00
1873.00
1803.00
1981.00
1925.00
2986.00
2146.00
2213.00
1415.00
2146.00
2465.00
3223.00
639.00
822.00
9.23%28.64%Depreciation & Amortization
$598.00
997.00
983.00
925.00
929.00
914.00
903.00
884.00
811.00
922.00
954.00
926.00
238.00
225.00
4.06%-5.46%Increase/Decrease in Working Capital
$-323.00
153.00
418.00
173.00
9.00
-102.00
240.00
-422.00
-744.00
398.00
776.00
331.00
481.00
492.00
2.29%Share-based Compensation
$-456.00
-400.00
-402.00
-361.00
-292.00
Adjustments to Reconcile Net Income
$444.00
412.00
75.00
390.00
627.00
-320.00
512.00
1238.00
1529.00
17.00
68.00
401.00
-304.00
-347.00
-0.92%-14.14%Net Cash (Operating)
$1664.00
2285.00
1878.00
2371.00
2552.00
2666.00
2658.00
3451.00
2944.00
2163.00
2533.00
3624.00
335.00
475.00
7.33%41.79%Capital Expenditure
$7529.00
-154.00
348.00
577.00
496.00
-87.00
565.00
1731.00
-819.00
1946.00
1014.00
681.00
123.00
125.00
-19.62%1.63%Net Cash (Investing)
$-6972.00
-202.00
143.00
-575.00
-529.00
-217.00
-398.00
-1866.00
397.00
-1764.00
-1200.00
-2575.00
-124.00
33.00
126.61%Increase/Decrease in Debt
$5832.00
-1087.00
-582.00
-602.00
-22.00
-554.00
-164.00
725.00
-503.00
805.00
300.00
488.00
79.00
-11.00
-20.19%-113.92%Increase/Decrease in Equity
$42.00
-650.00
-682.00
-730.00
-784.00
-1242.00
-963.00
-1537.00
-59.00
-258.00
78.00
17.00
-97.00
5.79%-670.59%Dividends Paid
$512.00
796.00
929.00
1026.00
1037.00
1068.00
1149.00
1201.00
1175.00
1219.00
1299.00
1379.00
334.00
368.00
9.43%10.18%Net Cash (Financing)
$5480.00
-1736.00
-2130.00
-2267.00
-1720.00
-2442.00
-2581.00
-1494.00
-3258.00
-535.00
-1340.00
-871.00
-281.00
-536.00
-90.75%Effect of Exchange Rate
$20.00
-9.00
-25.00
-42.00
-28.00
11.00
43.00
-4.00
-15.00
-5.00
4.00
16.00
11.00
13.00
-2.01%18.18%Increase/Decrease in Cash
$192.00
338.00
-134.00
-513.00
275.00
18.00
-278.00
87.00
68.00
-141.00
-3.00
194.00
-59.00
-15.00
0.09%74.58%Cash (Beginning)
$385.00
577.00
915.00
781.00
268.00
543.00
561.00
283.00
370.00
438.00
297.00
294.00
294.00
488.00
-2.42%65.99%Cash (Ending)
$577.00
915.00
781.00
268.00
543.00
561.00
283.00
370.00
438.00
297.00
294.00
488.00
235.00
473.00
-1.51%101.28%NOPAT
$1289.24
1865.05
1615.64
1948.68
1828.16
2952.31
-16501.36
2243.75
1536.56
2175.64
2435.50
3144.68
629.78
799.83
8.44%27.00%Gross Margin %
28.91%
29.42%
29.92%
30.70%
31.33%
31.76%
32.22%
29.93%
31.77%
32.72%
35.94%
33.76%
37.00%
Operating Margin %
8.21%
8.62%
7.07%
10.23%
10.35%
16.52%
12.42%
10.71%
15.07%
13.95%
16.20%
13.82%
16.47%
NOPAT Margin %
8.01%
8.57%
7.24%
9.45%
9.37%
14.65%
10.61%
8.68%
11.17%
11.82%
13.65%
11.59%
13.53%
Net Margin %
7.56%
8.55%
8.03%
9.60%
9.85%
14.81%
10.45%
7.96%
11.00%
11.95%
13.96%
11.74%
13.88%
Tax Rate %
2.48%
0.58%
-2.39%
7.65%
9.50%
11.34%
11.47%
14.59%
18.96%
25.90%
15.29%
15.78%
16.14%
17.88%
ROA
3.60%
5.25%
4.82%
6.28%
6.01%
9.05%
-53.07%
6.84%
4.83%
6.39%
6.96%
8.18%
1.77%
2.08%
ROE
8.52%
11.06%
10.20%
12.79%
12.24%
17.08%
-102.23%
13.91%
10.26%
13.22%
14.26%
16.49%
3.60%
4.14%
ROIC
3.55%
4.80%
4.31%
5.67%
5.39%
8.41%
-48.76%
6.63%
5.11%
6.33%
6.93%
11.68%
2.35%
2.94%
Asset Turnover
0.45
0.61
0.67
0.66
0.64
0.62
-0.01
0.64
0.56
0.57
0.59
0.60
0.15
0.15
Inventory Turnover
4.87
6.45
6.44
6.15
5.94
5.25
5.21
5.11
5.88
4.48
4.04
3.95
1.00
0.96
Equity Multiplier
2.37
2.10
2.12
2.04
2.04
1.89
1.93
2.03
2.13
2.07
2.05
2.02
2.03
1.99
Current Ratio
1.44
1.78
1.51
1.43
1.27
1.64
1.47
1.70
1.56
1.04
1.37
1.51
1.50
1.56
Quick Ratio
0.85
1.09
0.88
0.85
0.79
0.99
0.83
0.78
0.68
0.54
0.73
0.91
0.78
0.93
Debt/Equity Ratio
0.72
0.57
0.57
0.55
0.55
0.45
0.47
0.54
0.54
0.52
0.51
0.49
0.50
0.48
Working Capital/Sales
0.22
0.18
0.18
0.16
0.19
0.21
0.17
0.14
0.15
0.18
0.14
0.62
0.64
R&D/Sales
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
0.03
Dividend Payout Ratio %
39.71%
42.68%
57.50%
52.65%
56.72%
36.18%
6.96%
53.53%
76.47%
56.03%
53.34%
43.85%
53.03%
46.01%
Total Payout
$-5362.00
1883.00
2161.00
2310.00
1789.00
2406.00
2555.00
1439.00
3215.00
473.00
1257.00
813.00
238.00
476.00
100.00%Payout Ratio %
-415.90%
100.96%
133.76%
118.54%
97.86%
81.50%
15.48%
64.13%
209.23%
21.74%
51.61%
25.85%
37.79%
59.51%