ETN
Eaton Corporation plc329.93
-3.28-0.98%
Dec 16, 4:00:02 PM EST
Earnings Call Transcripts
This Quarter (Q1 '26)
No earnings call transcript available yet
Last Quarter (Q4 '25)
FY Q4 '25
Q&A affirms DC strength, details ramps
Q&A drilled into data center durability, citing 200% YoY announcement growth, 11-year backlog, and hyperscaler CapEx reaffirmations fueling Eaton's order surge. Management dismissed liquid cooling worries from NVIDIA news as neutral for Boyd's inner-loop focus (cold plates, CDUs), projecting $1.7B 2026 revenue. Electrical Americas capacity ramps drag margins 130bps in 2026, front-loaded in Q1 at ~200bps hit. Data center orders now 50/50 cloud/AI; no more multi-year supply pacts. Ramps sting early. Team confident in beating long-term 6-9% growth guide post-spin and bolt-ons; investors eye quarterly margin recovery.
Key Stats
Market Cap
128.44BP/E (TTM)
32.99Basic EPS (TTM)
10.00Dividend Yield
0.01%Recent Filings
8-K
Eaton closes $8.5B notes
8-K
Eaton sets 2026 incentives
Eaton's board set 2026 executive incentive criteria under its plan, tying payouts to Adjusted EBITDA, Adjusted Operating Cash Flow, and Organic Growth goals deemed challenging yet attainable. CEO Paulo Ruiz targets 150% of base pay, COO Heath Monesmith 105%, covering execs and 3,500 salaried staff. Payouts may adjust for peer comparisons and strategy progress. Metrics undisclosed.
8-K
Eaton names Foster CFO
Eaton appointed David B. Foster as EVP and CFO effective March 2, 2026, succeeding Olivier Leonetti who departs March 13 after a planned transition. Foster, a 29-year Eaton veteran, brings deep finance expertise amid growth. Compensation includes $815,000 base, $875,000 stock options and RSUs each, $1.75M PSUs. Internal hire ensures continuity.
10-K
FY2025 results
Eaton hit $27.4 billion in 2025 revenues, fueled by electrical and aerospace strength amid electrification trends, though quarterly breakdowns not disclosed in the 10-K. Q4 saw disciplined capital allocation with 0.5 million shares repurchased for $193 million under the $9.0 billion program, leaving $7.6 billion available. Acquisitions like Fibrebond and Resilient bolstered data center and power distribution, while the January 2026 Ultra PCS close expanded aerospace. Q4 repurchases signal confidence. Yet supply chain disruptions from raw material shortages threaten quarterly momentum.
8-K
Eaton secures $12B for Boyd deal
Eaton boosted its revolving credit to $4B from $3B and inked an $8B senior unsecured delayed-draw term loan maturing December 31, 2026, to bankroll the Boyd Thermal acquisition. Funds hinge on Merger Agreement terms, no Specified Default, and solvency. Liquidity spiked $12B, but ticking fees apply post-60 days.
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