Eaton Corporation reported Q3 revenue of $6.35B, raising its full-year earnings forecast amid growth.

Eaton Corporation (ETN) reported third-quarter revenue of $6.35 billion, slightly below expectations. The company achieved 8% organic revenue growth and notable increases in backlog for both Electrical and Aerospace sectors. Operating cash flow rose to $1.3 billion, and free cash flow increased to $1.1 billion. Eaton raised its full-year earnings forecast, anticipating adjusted earnings between $10.75 and $10.81 per share, with fourth-quarter growth expected at 6-7%.

October 31, 2024
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