Eaton Full-Year Report 2023
For the full year 2023, sales were a record $23.2 billion, up 12% from 2022, driven entirely by organic sales growth.
- Fourth quarter earnings per share of $2.35 and record adjusted earnings per share of $2.55, up 24% over 2022
- Record quarterly sales with 10% organic growth resulting in record fourth quarter segment margins of 22.8%, 200 basis points above the fourth quarter of 2022
- For full year 2023, record earnings per share of $8.02 with 12% organic growth and record adjusted earnings per share of $9.12, up 20% over 2022
- Adjusted earnings per share for 2024 expected to be between $9.95 and $10.35, up 11% at midpoint over 2023