Eaton reports Q3 adjusted EPS $2.47, consensus $2.34

Reports Q3 revenue $5.9B, consensus $5.89B. Craig Arnold, Eaton chairman and CEO, said, “We’re proud to deliver another quarter of record results with continued growth in our backlog. To meet that demand, we are investing more than $1 billion of capital in manufacturing to support the growth driven by electrification, energy transition and digitalization. Given our strong performance and these capacity additions, we continue to look ahead with confidence in our ability to deliver on our growth and margin expansion outlook into 2024 and beyond.”