**Eaton Corporation's 2024 Outlook and Q3 Financial Performance**
Eaton Corporation plc (ETN) has announced an upward revision to its earnings guidance for the full year 2024. The company now forecasts its earnings per share (EPS) to range from $9.47 to $9.53, reflecting an 18% increase at the midpoint compared to the previous year. Additionally, the adjusted earnings per share are expected to range from $10.75 to $10.81, also showing an 18% increase at the midpoint over the prior year.
For the fourth quarter of 2024, Eaton anticipates organic growth of 6-7%. The company projects its EPS to be between $2.42 and $2.48, and the adjusted EPS to fall between $2.78 and $2.84.
**Third Quarter Results:**
Eaton reported earnings of $1.01 billion, or $2.54 per share, for the third quarter. This marks an increase from $891 million, or $2.23 per share, noted in the same period last year. When excluding special items, Eaton's adjusted earnings for the quarter were $1.13 billion, or $2.84 per share. This slightly exceeded the average analyst expectation of $2.80 per share, as compiled by Thomson Reuters. Notably, the company's revenue for the quarter saw a 7.9% increase, rising to $6.345 billion from $5.880 billion in the previous year.
