Eaton — Oct 31, 2024 release

As a result, we’re confident in our ability to close the year strong with raised earnings guidance and expect this positive momentum to continue into 2025.” Guidance For the full year 2024, the company is raising the following guidance: • Segment margins from 23.3-23.7% to 23.5-23.9% • Earnings per share to between $9.47 and $9.53, up 18% at the midpoint over the prior year • Adjusted earnings per share to between $10.75 and $10.81, up 18% at the midpoint over the prior year For the fourth quarter of 2024, the company anticipates: • Organic growth of 6-7% • Segment margins of 23.6-24.0% • Earnings per share between $2.42 and $2.48 • Adjusted earnings per share between $2.78 and $2.84 Business Segment Results Sales for the Electrical Americas segment were a record $3.0 billion, up 14% from the third quarter of 2023, driven entirely by organic sales growth. Operating profits were a record $892 million, up 24% over the third quarter of 2023. Operating margins in the quarter were a record 30.1%, up 240 basis points over the third quarter of 2023. The twelve-month rolling average of orders in the third quarter was up 16% organically. Backlog at the end of September remained at record levels, up 26% organically over September 2023. Sales for the Electrical Global segment were a third quarter record $1.6 billion, up 5% from the third quarter of 2023. Organic sales were up 4%, and positive currency translation added 1%. Operating profits were $294 million and operatin