Eaton Corporation plc: Eaton Reports Record Second Quarter 2021 Results, Raises 2021 Outlook finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Operator
Ladies and gentlemen, thank you for standing by. Welcome to Eaton s First Quarter Earnings Call. At this time, all participants are in a listen-only mode. Later we will conduct a question-and-answer session. [Operator Instructions] And I would now like to turn the conference over to our host, Eaton s Senior Vice President of Investor Relations, Mr. Yan Jin. Please go ahead.
Yan Jin
Senior Vice President, Investor Relations
Hi, good morning guys. Thank you all for joining us for Eaton first quarter 2021 earnings call. With me today are Craig Arnold, our Chairman and CEO; and Tom Okray, Executive Vice President and Chief Financial Officer. Our agenda today, including opening remarks by Craig, highlighting the company s performance in the first quarter. As we have done on our past calls, we ll be taking questions at the end of Craig s comments. The press release and the presentation we ll go through today have been posted on our website at www.eaton.com. This presentatio
Eaton Corporation plc: Eaton Reports Strong First Quarter 2021 Results, Raises 2021 Outlook
Eaton Reports First Quarter Earnings Per Share of $1.14, First Quarter Record Adjusted Earnings Per Share of $1.44, Up 15 Percent Over the First Quarter of 2020
First Quarter Operating Cash Flow of $260 Million; Adjusted Operating Cash Flow of $460 Million, Up 42 Percent Over the First Quarter of 2020
First Quarter Segment Margin of 17.7%, 190 Basis Points Favorable to the First Quarter of 2020 and a First Quarter Record
Raising Adjusted Earnings Per Share Guidance for 2021 to $6.10 at the Midpoint, Up 24 Percent Over 2020
Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.14 for the first quarter of 2021. Excluding charges of $0.18 per share related to intangible amortization, $0.09 per share related to acquisitions and divestitures, and $0.03 per share related to a multi-year restructuring program, adjusted earnings per share were a
Eaton Corporation plc: Eaton Reports Fourth Quarter Earnings Per Share of $1.18
Full Year Free Cash Flow $2.6 Billion, at the Top of Guidance Range
Starting in 2021, Adjusted Earnings Per Share Will Be Revised to Add Back Amortization of Intangibles
Adjusted Earnings Per Share for 2021 Expected to be Between $5.40 and $5.80
Power management company Eaton Corporation plc (NYSE:ETN) today announced that earnings per share were $1.18 for the fourth quarter of 2020. Excluding charges of $0.06 per share related to acquisitions and divestitures and $0.04 per share related to a multi-year restructuring program, adjusted earnings per share were $1.28.
Sales in the fourth quarter of 2020 were $4.7 billion. Organic sales were down 5 percent, and the divestitures of the Lighting and Automotive Fluid Conveyance businesses reduced sales by 8 percent, partially offset by 2 percent growth from acquisitions.
Operator
Ladies and gentlemen, thank you for your patience and holding. And welcome to the Eaton Fourth Quarter of 2020 Earnings Call. [Operator Instructions] And later there ll be an opportunity for your questions. [Operator Instructions] Just a brief reminder, today s conference is being recorded.
I m now happy to turn the conference over to Senior Vice President of Investor Relations, Yan Jin.
Yan Jin
Senior Vice President of Investor Relations
Hi, good morning. I m Yan Jin, Eaton s Senior Vice President of Investor Relations. Thank you all for joining us for Eaton s fourth quarter 2020 earnings call. With me today are Craig Arnold, our Chairman and CEO; and Rick Fearon, Vice Chairman, our Chief Financial and Planning Officer.