Earnings ·
Reports Q3 EPS of $2.77, raises full-year adjusted EPS guidance to $13.70-$13.80
ETNEaton Corp plc
Eaton Corporation plc reported third-quarter 2026 earnings per share of $2.77 and record adjusted EPS of $3.68 on sales of $8.9 billion, a 28% increase from the prior year period. The company raised its full-year 2026 adjusted earnings per share guidance to between $13.70 and $13.80, citing strong organic growth and record segment margins of 25.3%. Additionally, Eaton announced an agreement to acquire COL Group for €810 million ($921 million) to expand its European power distribution capabilities. The company also detailed plans to separate its Mobility business through a Reverse Morris Trust transaction with Dana Incorporated expected in early 2027. Eaton is an intelligent power management company providing products and services for data centers, utilities, industrial, commercial, institutional, machine building, residential, aerospace, and mobility markets.