DUBLIN - The international intelligent power management company Eaton Corp. announced that earnings per share were $2.22 for the 3Q of 2023.
Adjusted earnings per share of $2.47 were a quarterly record and up 22% over the last year's 3Q.
Sales in the quarter were $5.9B, a quarterly record and up 11% from 2022. Organic sales were up 9%, and positive currency translation added 2%.
Segment margins were 23.6%, a quarterly record and a 240-basis point improvement over the third quarter of 2022.
Sales for the Electrical Americas segment was a record $2.6B, up 19%, driven entirely by organic sales growth. Operating profits were a record $719M, up 41% from 2022. Operating margins in the quarter were a record 27.7%, up 420 basis points over the third quarter of 2022.
The 12-month rolling average of orders in the third quarter was down 3% organically from high levels in 2022, with continued growth in the data center, industrial facilities and institutional markets. Backlog at the end of September was up 19% organically over September 2022. (Eaton 10/310/23) Eaton Reports Record Quarterly Results With 18% Backlog Growth; Raises Guidance | Business Wire
In Mississippi: The Eaton Electric Generating Plant has a three-unit natural gas-fired power plant located in Petal, Miss. Each unit generats 22.5 Megawatts (MW) of electricity, with a total plant capacity of 67.5 MW. The plant drew cooling water from the Leaf River. Eaton’s aerospace facility in Jackson, Miss., conducts power systems tests for the Learjet 85 aircraft, which features advanced composite design and increased passenger comfort.
Skydweller Aero listings for employment positions in Mississippi. BambooHR
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