- The first quarter is $ 1.14 per share; the earnings per share is $ 1.44 after adjustment, the year-on-year increase of 15%
- The cash flow in this quarter is $ 260 million; adjustment after the adjustment of the cash flow It is 460 million US dollars, the year-on-year increase of 42%
- The profit margin of this quarter is 17.7 percentage, up 190 basis points year-on-year, set the first quarter record
- After 2021, the earnings per share after adjustment Turn to 6.10 US dollars in the valuation, up 24% compared with 2020
Ireland Dublin May 10/100 / US Department / – Eaton (New Handling Code: ETN ) On May 4, 2021, I published the first quarter of the 20021, with a profit of $ 1.14 per share. Excluding the $ 0.18 of the intangible asset amortization fee, the acquisition and peeling of $ 0.09 per share, as well as a cross-year restructuring project cost per share, and the earnings per share is 1.44 dollars, a year-on-year increase of 15%.
The first quarter of 2021 was $ 4.7 billion, a year-on-year decline in 2 percent. Lighting business peeling caused sales by 5.5 percent, but exchange rate, asset acquisition and organic sales brought 2 percent, 1 percent and 0.5 percentage of growth.
Craig Arnold, Chairman and CEO of Eaton, said: “The performance of the first quarter exceeds our expectations, the organic sales is much higher than the upper limit of the estimated value, the business group’s profit margin is high and cash Strong stream. We are very happy to see the level of the company’s business is quickly restored to the level before the epidemic. “
The first quarter business group profit margin is 17.7%, up 190 basis points year-on-year, higher than the estimated range The upper limit, set the first quarter record. Such a score is due to the continuous improvement of the company’s cost structure since the second quarter of 2020 declares the company’s cost structure and its powerful implementation.
The cash flow in the first quarter of 2021 was $ 260 million. Remove the investment in Eaton United States limited retirementThe $ 200 million cost of the gold plan is 460 million US dollars. After adjustment, the free cash flow is 341 million US dollars, which has increased by 62 percentage in the first quarter of 2020.
The company completed the acquisition of Tripp Lite and Green Motion in this quarter. At the same time, the acquisition of 50% of Huanyu High-Tech, which added new products and growth opportunities for the electrical group.
The transaction for selling hydraulic business to Denfos is expected to be completed in the second quarter, while the transaction of acquiring the Cobham Mission Systems will continue to be completed in the fourth quarter of 2021.
“In view of the completion time of Tripp Lite’s acquisition, the first quarter is strong, and now it is expected that the earnings per share will be located between $ 5.90 and $ 6.30 after the year 2021, with 2020 Compared with the midpoint value, “Arnold said,” We expect that the earnings per share will be located at $ 1.45 to $ 1.55 after adjustment in the second quarter of 2021. “
Each business group performance
[123 The sales of electricity business in this quarter is $ 1.6 billion, down 9% year-on-year, mainly due to the peeling of lighting to decline 14 percentage of sales. Organic sales growth 2 percentage, acquisition Power Distribution, Inc. and Tripp Lite bring a total of 2% growth, at the same time, the exchange rate brings a 1 percentage of growth. The first quarter of the operating profit is $ 332 million, which has risen 8% from the first quarter of 2020. This quarter is as high as 20.5 percentage, up 330 basis points year-on-year.
The first quarter 12 months rolling average order volume increased by 1%, and the data center and residential market performance is particularly bright. The quota quantity in this quarter increased 11% compared to the first quarter of last year. At the end of March, the amount of order to be sent is still considerable, up 23% year-on-year.
Electrical Products Business Group Sales in other parts of the world is 1.3 billion US dollars, a year-on-year increase of 10%. Organic salesThe amount increased by 5%, and the exchange rate brings 5% growth. This quarter’s operating profit was 213 million US dollars, which climbed 28% compared with the same period last year. The operating rate of operation in this quarter is as high as 17%, up 250 basis points year-on-year.
The first quarter 12 months rolling average order volume decreased by 5%, mainly affected by oil and natural gas market, but the strong performance of the data center, residential and public utilities offset its adverse effects. The quarter quota has increased by 7% year-on-year, and the order to be sent in the order of the order in March increased by 17% year-on-year.
The first quarter sales of Hydraulic Business Group were $ 561 million, up 11% year-on-year, with organic sales and exchange rates to increase 9 percent and 2 percentage growth. This quarter is 84 million US dollars, a year-on-year increase of 53%. The operating rate of operation in this quarter is as high as 15 percent, up 420 basis points year-on-year.
The Astronaut Business Group sold this quarter of $ 519 million, a year-on-year fell by 24%, mainly affected by the continued decline in civil aviation market. Organic sales fell by 26%, and the exchange rate brought 2 percentage growth. This quarter’s operating profit is $ 96 million, a 35% fell year-on-year. Although the epidemic is affected, the operating rate of operating in this quarter is still 18.5%.
12 months rolling average order quantity due to the decline of civil aviation market decline in this quarter of 36%. At the end of March, the order to be sent in the order is 11% year-on-year.
Vehicle Business Group’s sales in the quarter of $ 654 million, an increase of 9% year-on-year, mainly affected by organic product sales. This quarter is $ 113 million in this quarter, a year-on-year-up 40%. This quarter is 17.3 percentage, up 380 basis points year-on-year.
The Emobility vehicle electrified service is 83 million US dollars in the first quarter, an increase of 15% year-on-year, of which sales increased by 13%, exchange rate brought 2% Growth. The business group’s operating losses in the quarter were 7 million US dollars, which was caused by the sustainable investment of new projects.