Eaton to Announce Third Quarter 2015 Earnings on October 30, 2015
19 Ottobre 2015 - 11:00PM
Business Wire
Announces Lower Revenue for Third Quarter Than Had Been
Expected
Revised Guidance Range of $0.95 to $1.00 for Third Quarter
Operating Earnings Per Share
Operating Cash Flow Guidance Unchanged, Reflecting Record
Third Quarter Cash Flow
Power management company Eaton (NYSE:ETN) will announce third
quarter 2015 earnings on Friday, October 30, 2015, before the
opening of the New York Stock Exchange. The company will host a
conference call at 10 a.m. United States Eastern time that day to
discuss third quarter 2015 earnings results with securities
analysts and institutional investors.
The conference will be available through a live webcast that can
be accessed via the Eaton Third Quarter 2015 Earnings Results link
on Eaton’s home page, which is www.eaton.com. The call replay and
news release will also be available from this web link.
As the company in mid-September had suggested might be the case,
revenues for the third quarter came in below the revenue forecast
that had been used to prepare third quarter guidance. In total,
revenues were lower by approximately $300 million, of which the
shortfall in organic revenues was $240 million. As a result of the
lower revenue, operating earnings per share for the third quarter
are expected to be between $0.95 and $1.00. In spite of the
slightly lower than expected operating earnings per share,
operating cash flow in the third quarter came in as expected,
achieving a quarterly record. Accordingly, guidance for 2015
operating cash flow remains unchanged.
Eaton is a power management company with 2014 sales of $22.6
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 99,000 employees and sells products to customers in
more than 175 countries. For more information, visit
www.eaton.com.
This news release contains forward-looking statements concerning
estimated third quarter 2015 operating earnings per share. These
statements are only estimates and should be used with caution. As
the Company completes its quarter-end processes, actual results may
differ from these estimates. This release also includes forecasted
operating earnings per share, which is a non-GAAP financial
measure. When compared to net income per ordinary share, this
measure excludes the impact of approximately $0.01 per ordinary
share of acquisition integration charges and transaction costs.
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version on businesswire.com: http://www.businesswire.com/news/home/20151019006616/en/
EatonMedia RelationsScott Schroeder,
+1-440-523-5150scottrschroeder@eaton.comorInvestor RelationsDonald
Bullock, +1-440-523-5127donbullock@eaton.com
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