Eaton Corporation 8-K

New guidanceRestructuring

Vehicle and eMobility combined into Mobility, prompting a historical segment recast ahead of its planned spin-off.

Filed 2026-10-16 16:51 ET

Summary

Historical segment-information recast following Eaton’s first-quarter 2026 reorganization, which combined the legacy Vehicle and eMobility segments into Mobility. The filing recasts selected 2025 annual-report sections and related disclosures; it does not amend or restate the audited consolidated financial statements, and the auditor’s report is unchanged apart from a dual date.

Key Figures

Metric FY2025
Revenue $27.4B, +10% Y/Y
Gross margin 37.6%, vs 38.2%
Net income attributable to Eaton ordinary shareholders $4.09B, +8% Y/Y
Adjusted earnings, non-GAAP $4.72B, +9% Y/Y
Diluted EPS attributable to Eaton ordinary shareholders $10.45, +10% Y/Y
Adjusted earnings per ordinary share, non-GAAP $12.07, +12% Y/Y
Operating cash flow $4.47B, +3.4% Y/Y
  • Recast Mobility reported 2025 sales of $3.11B, down 10% Y/Y, and operating profit of $405M, down 18%; its margin was 13.0%, vs 14.4%. Weakness in North America weighed on sales, while commodity and wage inflation and unfavorable mix pressured margin.
  • Operating cash flow rose $145M, primarily on a $292M increase in net income. Eaton repurchased 5.7M shares for $1.86B, vs 7.8M shares for $2.49B in 2024; year-end shares outstanding declined by 5.0M to 387.9M.
  • The restructuring program recorded $133M of charges in 2025 and expects another $140M ($102M for workforce reductions and $38M for plant closures and other costs), for estimated total charges of $475M; mature-year benefits are expected to reach $375M.

Guidance

Metric Period Guidance Prior Direction
Capital expenditures FY2026 ≈$1.1B — —
Pension contributions FY2026 $98M — —

Investor Takeaways

  • Mobility’s planned spin-off is targeted for completion by the end of Q1 2027, subject to board approval, legal and regulatory requirements, and effectiveness of a Form 10 registration statement.

The summary is written by an AI model reading the filing.

Model 005 · prompt 5998ea898f · 2026-10-16 22:31:59Z

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