Eaton Corp plc SEC 10-Q Report

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2025.08.05 17:43
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Eaton Corp plc has released its Q2 2025 Form 10-Q report, highlighting a net sales increase of 11% to $7,028 million, driven by strong demand in data center and commercial markets. Gross profit was $2,597 million, with a slight decrease in margin due to inflation. Net income was $982 million, down 1%, but diluted earnings per share rose to $2.51. The Electrical Americas segment saw a 16% sales increase, while Aerospace reported a 13% rise. The company expects continued strong demand in data centers despite some project slowdowns.

Eaton Corp plc, a diversified power management company, has released its Form 10-Q report for the second quarter of 2025. The report provides a comprehensive overview of the company's financial and operational performance, showcasing significant growth in key segments and regions, despite facing some challenges.

Financial Highlights

  • Net Sales: $7,028 million, an increase of 11% compared to the same period in 2024, driven by strength in data center and commercial & institutional end-markets.
  • Gross Profit: $2,597 million, representing 37.0% of net sales, a slight decrease from 38.0% in the prior year due to commodity and wage inflation.
  • Income Before Income Taxes: $1,186 million, a slight decrease of 1% from the previous year, impacted by higher acquisition and divestiture charges.
  • Net Income: $982 million, decreased by 1% from the previous year, with an effective tax rate of 17.2% compared to 16.8% in 2024.
  • Net Income Per Share - Diluted: $2.51, increased by 1% from $2.48 in the prior year, reflecting operational performance improvements and share repurchases.

Business Highlights

  • Revenue Segments: The Electrical Americas segment saw a 16% increase in net sales for the second quarter of 2025, driven by strong demand in data center and commercial & institutional end-markets. The Electrical Global segment experienced a 9% increase in net sales, with notable strength in data center, machine OEM, and residential end-markets.
  • Geographical Performance: The Electrical Global segment reported strong sales growth in the European and Asia Pacific regions, contributing to the overall increase in net sales.
  • Sales Units: The Aerospace segment reported a 13% increase in net sales for both the second quarter and the first six months of 2025, attributed to broad-based strength across all markets, particularly in commercial and military aftermarket.
  • Future Outlook: The company anticipates continued strong demand in the data center market, despite some early-stage project slowdowns by a hyperscaler customer. The Electrical Americas segment is expected to benefit from ongoing strength in data center and utility end-markets, while the Aerospace segment is poised for growth due to robust demand in commercial and military aftermarket.

SEC Filing: Eaton Corp plc [ ETN ] - 10-Q - Aug. 05, 2025

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