Eaton’s Fourth Quarter Operating Earnings Up 18 Percent

Power management company Eaton Corporation plc (NYSE:ETN) has announced operating earnings per share for the fourth quarter of $1.27, which exclude charges of $0.04 per share to integrate recent acquisitions, an increase of 18 percent over the fourth quarter of 2013.

Sales in the quarter were $5.6 billion, up 1 percent over the same period in 2013.

Operating earnings for the fourth quarter of 2014, which exclude charges of $32 million to integrate recent acquisitions, were $602 million compared to $516 million in the fourth quarter of 2013.

Alexander M. Cutler, Eaton chairman and chief executive officer, said, “We had a strong quarter, posting attractive organic growth, record fourth quarter segment margins of 15.9 percent, and operating earnings per share above the high end of our guidance range. Organic sales growth was 5 percent, the strongest quarter since the fourth quarter of 2011.”

For the full year 2014, sales were a record $22.6 billion, 2 percent higher than in 2013. Operating earnings per share for 2014, excluding the same items, were a record $4.67, up 13 percent over 2013.

Category: General Update