Eaton reports mixed Q2 earnings; raises FY22 guidance and issues Q3 guidance

Aug. 02, 2022 6:34 AM ETEaton Corporation plc (ETN)By: Meghavi Singh, SA News Editor1 Comment
  • Eaton press release (NYSE:ETN): Q2 Non-GAAP EPS of $1.87 beats by $0.05.
  • Revenue of $5.2B (-0.4% Y/Y) misses by $20M.
  • Operating cash flow in the second quarter of 2022 was $340M and free cash flow was $201M.
  • For the full year 2022, the company is raising its organic growth guidance from 9-11% to 11-13% vs. estimated growth of 4.85% Y/Y and raising adjusted earnings per share to between $7.36 and $7.76 vs. consensus of $7.49.
  • For the third quarter of 2022, the company anticipates organic growth of 13-15% vs. estimated growth of 6.12% Y/Y and adjusted earnings per share of between $1.95 and $2.05 vs. consensus of $1.98.

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