Eaton Clarifies Impact of Recent Divestitures and Legal Settlements on
Second Quarter Earnings
DUBLIN -- July 18, 2014
Power management company Eaton Corporation plc (NYSE: ETN), in preparation for
its second quarter 2014 earnings release on July 29, today clarified the
expected impact of several unusual items that occurred in the quarter.
The gain from the recent aerospace divestitures to Safran, and the settlement
amounts and other costs relating to settlements of the litigation with Meritor
Inc., Triumph Group Inc., and related lawsuits, are expected to reduce second
quarter operating earnings by approximately $0.70 per share, after-tax.
Excluding these unusual items, Eaton’s guidance for second quarter 2014
operating earnings per share is $1.10 to $1.12. This compares to the second
quarter guidance of $1.05 to $1.15 originally announced on April 29, 2014.
Eaton is a power management company with 2013 sales of $22.0 billion. Eaton
provides energy-efficient solutions that help our customers effectively manage
electrical, hydraulic and mechanical power more efficiently, safely and
sustainably. Eaton has approximately 103,000 employees and sells products to
customers in more than 175 countries. For more information, visit
Eaton Corporation plc
Scott Schroeder, Media Relations, +1-440-523-5150
Donald Bullock, Investor Relations, +1-440-523-5127
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