Stock Analysis on Net
Stock Analysis on Net

Eaton Corp. plc (NYSE:ETN)

Common-Size Income Statement
Quarterly Data

Eaton Corp. plc, common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019
Net sales 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00 100.00
Cost of products sold -62.68 -62.54 -62.65 -63.88 -65.64 -65.86 -66.72 -67.25 -67.50 -67.24 -67.80 -67.98 -67.86 -67.80 -67.41 -74.61 -68.95 -67.89 -66.09 -66.82 -67.35
Gross profit 37.32% 37.46% 37.35% 36.12% 34.36% 34.14% 33.28% 32.75% 32.50% 32.76% 32.20% 32.02% 32.14% 32.20% 32.59% 25.39% 31.05% 32.11% 33.91% 33.18% 32.65%
Selling and administrative expense -17.25 -16.02 -16.14 -16.81 -16.49 -14.78 -15.30 -15.89 -16.31 -15.65 -16.94 -16.80 -16.94 -16.32 -16.66 -17.92 -18.06 -16.69 -16.65 -16.39 -17.29
Research and development expense -3.18 -3.37 -3.18 -3.19 -3.26 -3.10 -3.11 -3.22 -3.41 -3.38 -3.09 -2.95 -3.15 -2.99 -2.92 -3.27 -3.19 -2.90 -2.77 -2.73 -2.94
Gain on sale of business 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.50 0.00 12.53 0.00 0.00 0.00 0.00 0.00 4.61 0.00 0.00 0.00 0.00
Operating income 16.89% 18.07% 18.03% 16.13% 14.61% 16.25% 14.87% 13.64% 13.28% 13.73% 24.70% 12.27% 12.04% 12.89% 13.01% 4.20% 14.41% 12.52% 14.49% 14.06% 12.42%
Interest expense, net -0.50 -0.44 -0.56 -0.72 -0.91 -0.82 -0.70 -0.59 -0.66 -0.67 -0.75 -0.71 -0.81 -0.77 -0.91 -0.99 -0.71 -1.01 -1.02 -1.14 -1.24
Other income (expense), net 0.45 0.60 0.88 -0.10 0.20 0.39 -0.62 0.77 0.17 -0.04 -1.34 0.33 0.23 -0.32 -0.51 -2.00 -0.73 -1.36 0.04 0.42 0.19
Income before income taxes 16.84% 18.23% 18.35% 15.31% 13.90% 15.82% 13.55% 13.81% 12.78% 13.03% 22.61% 11.89% 11.47% 11.80% 11.60% 1.22% 12.97% 10.16% 13.51% 13.34% 11.37%
Income tax (expense) benefit -3.01 -2.36 -3.18 -2.61 -2.24 -2.38 -2.11 -2.28 -1.78 -1.54 -9.81 -2.19 -1.68 -1.64 -1.72 0.18 -3.82 -1.51 -2.18 -1.84 -1.53
Net income 13.83% 15.87% 15.17% 12.70% 11.65% 13.45% 11.44% 11.53% 11.01% 11.48% 12.80% 9.70% 9.78% 10.16% 9.88% 1.40% 9.15% 8.65% 11.33% 11.49% 9.84%
Net income for noncontrolling interests -0.02 -0.03 -0.02 -0.02 -0.02 -0.04 -0.02 0.00 -0.02 0.00 -0.02 0.00 -0.02 -0.02 -0.02 -0.08 0.00 -0.02 -0.02 0.00 0.00
Net income attributable to Eaton ordinary shareholders 13.81% 15.84% 15.15% 12.68% 11.64% 13.41% 11.42% 11.53% 10.98% 11.48% 12.78% 9.70% 9.76% 10.13% 9.85% 1.32% 9.15% 8.63% 11.31% 11.49% 9.84%

Based on: 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31), 10-K (reporting date: 2019-12-31), 10-Q (reporting date: 2019-09-30), 10-Q (reporting date: 2019-06-30), 10-Q (reporting date: 2019-03-31).

Income statement item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Eaton Corp. plc operating income as a percentage of net sales increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Eaton Corp. plc income before income taxes as a percentage of net sales decreased from Q3 2023 to Q4 2023 and from Q4 2023 to Q1 2024.
Net income attributable to Eaton ordinary shareholders The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Eaton Corp. plc net income attributable to Eaton ordinary shareholders as a percentage of net sales increased from Q3 2023 to Q4 2023 but then decreased significantly from Q4 2023 to Q1 2024.