Eaton Corp plc Q1 2024 10-Q Filing

Ticker: ETN · Form: 10-Q · Filed: 2024-04-30T00:00:00.000Z

Sentiment: neutral

Topics: 10-Q, financials, quarterly-report, electrical-equipment

TL;DR

Eaton's Q1 2024 10-Q is in: check Electrical Americas & Global segment performance vs. last year.

AI Summary

Eaton Corp plc filed its 10-Q for the period ending March 31, 2024. The company reported financial results for the first quarter of 2024, comparing them to the same period in 2023. Key segments like Electrical Americas and Electrical Global are detailed, with specific product and system revenues highlighted for both periods.

Why It Matters

This filing provides investors with a detailed look at Eaton's financial performance in the first quarter of 2024, crucial for understanding the company's current operational health and future prospects.

Risk Assessment

Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.

Key Numbers

2024 Q1 — Reporting Period (First quarter of 2024 financial results)
2023-03-31 — Prior Period End (Comparison period for financial results)

Key Players & Entities

Eaton Corp plc (company) — Filer of the 10-Q
20240331 (date) — End of the reporting period
20240430 (date) — Filing date
2023-03-31 (date) — Comparison period end date
Jiangsu Ryan Electrical Co Ltd (company) — Mentioned entity

FAQ

What were the reported revenues for the Electrical Americas segment in Q1 2024?

The filing details revenues for the Electrical Americas segment for the period January 1, 2024 to March 31, 2024, and compares it to the same period in 2023.

How did the Electrical Global segment perform in Q1 2024 compared to Q1 2023?

The 10-Q provides revenue figures for the Electrical Global segment for both Q1 2024 (Jan 1, 2024 - Mar 31, 2024) and Q1 2023 (Jan 1, 2023 - Mar 31, 2023).

Does the filing mention any specific acquisitions or divestitures in the first quarter of 2024?

The filing mentions 'Jiangsu Ryan Electrical Co Ltd' in relation to April 23, 2023, but the context within this snippet does not explicitly state an acquisition or divestiture in Q1 2024.

What is the fiscal year-end for Eaton Corp plc?

Eaton Corp plc's fiscal year ends on December 31st.

What is the SIC code for Eaton Corp plc?

The Standard Industrial Classification (SIC) code for Eaton Corp plc is 3590, which falls under MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT.

From the Filing

0001551182-24-000013.txt : 20240430 0001551182-24-000013.hdr.sgml : 20240430 20240430120749 ACCESSION NUMBER: 0001551182-24-000013 CONFORMED SUBMISSION TYPE: 10-Q PUBLIC DOCUMENT COUNT: 79 CONFORMED PERIOD OF REPORT: 20240331 FILED AS OF DATE: 20240430 DATE AS OF CHANGE: 20240430 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Eaton Corp plc CENTRAL INDEX KEY: 0001551182 STANDARD INDUSTRIAL CLASSIFICATION: MISC INDUSTRIAL & COMMERCIAL MACHINERY & EQUIPMENT [3590] ORGANIZATION NAME: 06 Technology IRS NUMBER: 981059235 FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 10-Q SEC ACT: 1934 Act SEC FILE NUMBER: 000-54863 FILM NUMBER: 24895306 BUSINESS ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 BUSINESS PHONE: 353 1637 2900 MAIL ADDRESS: STREET 1: 30 PEMBROKE ROAD STREET 2: EATON HOUSE CITY: DUBLIN STATE: L2 ZIP: DUBLIN 4 FORMER COMPANY: FORMER CONFORMED NAME: Eaton Corp Ltd DATE OF NAME CHANGE: 20120530 10-Q 1 etn-20240331.htm 10-Q etn-20240331 0001551182 false 2024 Q1 12/31 true false http://fasb.org/us-gaap/2023#AccountsPayableCurrent 0001551182 2024-01-01 2024-03-31 0001551182 2024-03-31 xbrli:shares iso4217:USD 0001551182 2023-01-01 2023-03-31 iso4217:USD xbrli:shares 0001551182 2023-12-31 0001551182 us-gaap:FairValueInputsLevel1Member 2024-03-31 0001551182 2022-12-31 0001551182 2023-03-31 0001551182 etn:JiangsuRyanElectricalCoLtdMember 2023-04-23 xbrli:pure 0001551182 etn:ElectricalAmericasSegmentMember us-gaap:ProductMember 2024-01-01 2024-03-31 0001551182 etn:ElectricalAmericasSegmentMember us-gaap:ProductMember 2023-01-01 2023-03-31 0001551182 etn:SystemsMember etn:ElectricalAmericasSegmentMember 2024-01-01 2024-03-31 0001551182 etn:SystemsMember etn:ElectricalAmericasSegmentMember 2023-01-01 2023-03-31 0001551182 etn:ElectricalAmericasSegmentMember 2024-01-01 2024-03-31 0001551182 etn:ElectricalAmericasSegmentMember 2023-01-01 2023-03-31 0001551182 etn:ElectricalGlobalSegmentMember us-gaap:ProductMember 2024-01-01 2024-03-31 0001551182 etn:ElectricalGlobalSegmentMember us-gaap:ProductMember 2023-01-01 2023-03-31 0001551182 etn:ElectricalGlobalSegmentMember etn:SystemsMember 2024-01-01 2024-03-31 0001551182 etn:ElectricalGlobalSegmentMember etn:SystemsMember 2023-01-01 2023-03-31 0001551182 etn:ElectricalGlobalSegmentMember 2024-01-01 2024-03-31 0001551182 etn:ElectricalGlobalSegmentMember 2023-01-01 2023-03-31 0001551182 etn:OriginalEquipmentManufacturersMember etn:AerospaceSegmentMember 2024-01-01 2024-03-31 0001551182 etn:OriginalEquipmentManufacturersMember etn:AerospaceSegmentMember 2023-01-01 2023-03-31 0001551182 etn:AftermarketDistributionAndEndUserMember etn:AerospaceSegmentMember 2024-01-01 2024-03-31 0001551182 etn:AftermarketDistributionAndEndUserMember etn:AerospaceSegmentMember 2023-01-01 2023-03-31 0001551182 etn:IndustrialandOtherMember etn:AerospaceSegmentMember 2024-01-01 2024-03-31 0001551182 etn:IndustrialandOtherMember etn:AerospaceSegmentMember 2023-01-01 2023-03-31 0001551182 etn:AerospaceSegmentMember 2024-01-01 2024-03-31 0001551182 etn:AerospaceSegmentMember 2023-01-01 2023-03-31 0001551182 etn:CommercialMember etn:VehicleSegmentMember 2024-01-01 2024-03-31 0001551182 etn:CommercialMember etn:VehicleSegmentMember 2023-01-01 2023-03-31 0001551182 etn:VehicleSegmentMember etn:PassengerAndLightDutyMember 2024-01-01 2024-03-31 0001551182 etn:VehicleSegmentMember etn:PassengerAndLightDutyMember 2023-01-01 2023-03-31 0001551182 etn:VehicleSegmentMember 2024-01-01 2024-03-31 0001551182 etn:VehicleSegmentMember 2023-01-01 2023-03-31 0001551182 etn:EMobilitySegmentMember 2024-01-01 2024-03-31 0001551182 etn:EMobilitySegmentMember 2023-01-01 2023-03-31 0001551182 2024-04-01 2024-03-31 0001551182 etn:ElectricalAmericasSegmentMember 2023-12-31 0001551182 etn:ElectricalAmericasSegmentMember 2024-03-31 0001551182 etn:ElectricalGlobalSegmentMember 2023-12-31 0001551182 etn:ElectricalGlobalSegmentMember 2024-03-31 0001551182 etn:AerospaceSegmentMember 2023-12-31 000155