Record Adjusted EPS and Revenue Growth
Eaton reported a Q1 record adjusted EPS of $2.72, up 13% year-over-year, and record quarterly revenue of $6.4 billion, driven by broad strength across many end markets.
Strong Organic Growth and Segment Margins
The company achieved 9% organic sales growth, with notable performance in Electrical Americas and Aerospace segments. Segment margins reached a record 23.9%, an expansion of 80 basis points.
Data Center Market Opportunities
Eaton noted significant opportunities in the data center market, with a U.S. construction backlog of 9 years. The acquisition of Fiber Bond positions Eaton as a key player in rapidly deploying power solutions.
Robust Backlog and Order Book
Eaton reported a book-to-bill ratio of 1.1, with backlog growth both year-over-year and sequentially, providing strong visibility for future growth.
Aerospace Segment Performance
The Aerospace segment posted all-time record sales with organic growth of 13%, driven by strength in military aftermarket and OEM markets.