Eaton Boosts 2024 Guidance As Electrical And Aerospace Sectors Excel
Eaton Boosts 2024 Guidance As Electrical And Aerospace Sectors Excel
Eaton Corporation plc (NYSE:ETN) on Tuesday reported a first-quarter FY24 net sales growth of 8% Y/Y to $5.94 billion, beating the consensus of $5.91 billion.
伊顿公司（纽约证券交易所代码：ETN）周二报告称，24财年第一季度净销售额同比增长8％，达到59.4亿美元，超过市场预期的59.1亿美元。
Organic growth of 8% Y/Y was at the high end of guidance in the quarter.
本季度有机增长同比增长8％，处于预期的最高水平。
Sales by segments: Electrical Americas $2.7 billion (+17% Y/Y), Electrical Global $1.5 billion (flat Y/Y), Aerospace $871 million (+9% Y/Y), Vehicle $724 million (-2% Y/Y) and eMobility $158 million (+7% Y/Y).
按细分市场划分的销售额：美洲电气27亿美元（同比增长17％），全球电气15亿美元（同比持平），航空航天8.71亿美元（同比增长9％），汽车7.24亿美元（同比下降2％），电动汽车1.58亿美元（同比增长7％）。
Eaton reported strong growth in the Electrical sector backlog, up 27% with a book-to-bill ratio of 1.2, and the Aerospace backlog, up 11% with a book-to-bill ratio of 1.1.
伊顿报告称，电气行业积压量强劲增长，增长27％，账面账单比率为1.2；航空航天业积压量增长11％，账面账单比率为1.1。
Total segment operating profit margin expanded by 340 bps Y/Y to 23.1%.
该分部的总营业利润率同比增长340个基点至23.1％。
Eaton's operating cash flow in the quarter was $475 million, up 42% Y/Y, and free cash flow was $292 million (+40% Y/Y).
伊顿本季度的运营现金流为4.75亿美元，同比增长42％，自由现金流为2.92亿美元（同比增长40％）。
Adjusted EPS improved 28% Y/Y to $2.40, beating the consensus of $2.29.
调整后的每股收益同比增长28％，至2.40美元，超过了市场预期的2.29美元。
Craig Arnold, Eaton chairman and chief executive officer said, "Growth drivers like increased project activity tied to megatrends, reindustrialization and infrastructure spending continue to drive demand for Eaton's solutions across our markets, and we remain very confident in our teams' ability to execute on our increased targets for the year."
伊顿董事长兼首席执行官克雷格·阿诺德表示：“与大趋势相关的项目活动增加、再工业化和基础设施支出等增长驱动因素继续推动我们整个市场对伊顿解决方案的需求，我们对团队执行今年增加的目标的能力仍然非常有信心。”
"We capitalized on strong growth in our business to start the year, resulting in strong order growth in Electrical and Aerospace and first quarter record segment margins."
“今年年初，我们利用了业务的强劲增长，从而实现了电气和航空航天领域的强劲订单增长，第一季度细分市场利润率创历史新高。”
Related: Eaton Is Poised To Benefit From 'Ongoing Electrical Super-Cycle,' Says Bullish Analyst
相关：看涨分析师表示，伊顿有望从 “持续的电气超级周期” 中受益
Q2 FY24 Outlook: The company expected Adjusted EPS of $2.52-$2.62 versus $2.50 consensus, organic revenue growth of 6.5%-8.5%, and segment operating margins of 22.4%-22.8%.
24财年第二季度展望：该公司预计调整后的每股收益为2.52-2.62美元，而市场预期为2.50美元，有机收入增长6.5％-8.5％，分部营业利润率为22.4％-22.8％。
FY24 Guidance, raised: Eaton increased adjusted EPS to $10.20-$10.60 (from $9.95-$10.35 prior) vs. $10.25 estimate, organic revenue growth to 7%-9% (from 6.5%-8.5%) and segment operating margins to 22.8%-23.2% (from 22.4%-22.8%).
提高了24财年预期：伊顿将调整后的每股收益从10.25美元提高至10.20美元至10.60美元（从之前的9.95美元至10.35美元），有机收入增长至7％-9％（从6.5％-8.5％），分部营业利润率从22.4％-22.8％提高至22.8％-23.2％（从22.4％-22.8％）。
Investors can gain exposure to the stock via First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (NASDAQ:GRID) and Neuberger Berman ETF Trust Neuberger Berman Carbon Transition Infrastructure ETF (NYSE:NBCT).
投资者可以通过第一信托纳斯达克清洁边缘智能电网基础设施指数基金（纳斯达克股票代码：GRID）和纽伯格伯尔曼ETF信托纽伯格伯尔曼碳转型基础设施ETF（纽约证券交易所代码：NBCT）获得股票敞口。
Price Action: ETN shares are down 1.4% at $321.93 at last check Tuesday.
价格走势：在周二的最后一次检查中，ETN股价下跌1.4％，至321.93美元。
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