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Income Statement (USD)
Q2 '24 | QoQ | |
---|---|---|
Revenue | 6.29B | 6.1% |
Gross Profit | 2.35B | 6.5% |
Cost of Revenue | 3.94B | 5.8% |
Operating expense | 1.34B | 3.3% |
Net Income | 993M | 21% |
EBITDA | 1.12B | 20.3% |
Balance Sheet (USD)
Q2 '24 | QoQ | |
---|---|---|
Total Assets | 39.4B | 2.2% |
Total Liabilities | 20.2B | 4.8% |
Total Equity | 19.2B | 0.4% |
Shares Outstanding | 398M | 0.4% |
Cash Flow (USD)
Q2 '24 | QoQ | |
---|---|---|
Cash from operations | 946M | 99.2% |
Cash from investing | -544M | 1748.5% |
Cash from financing | -303M | 43.5% |
EPS
Financial Highlights for Eaton Corporation in Q2 '24
Eaton Corporation reported a revenue of 6.29B, which is a 6.1% change from the previous quarter. An increase in revenue typically indicates growing demand for the company's products or services. This positive change in revenue is a good sign, suggesting that the company's sales are moving in the right direction.
Gross Profit stood at 2.35B, marking a 6.5% change since the last quarter. Gross profit showcases the efficiency in production and sales processes.
Cost of Revenue was 3.94B, a 5.8% difference from the previous quarter. A rising cost of revenue may suggest increased production or sales costs, which can impact margins. However, if accompanied by a proportionate rise in revenue, it could indicate scaling operations.
Operating Expenses for this period were 1.34B, showing a -3.3% change from the last quarter. Operating expenses cover the costs of running daily business operations. A significant increase might indicate inefficiencies or investments in growth, while a decrease could suggest cost-saving measures or potential underinvestment in key areas.
Net Income for the quarter was 993M, showing a 21% change from the prior quarter. Net income provides a clear picture of the company's profitability after all expenses. An increase suggests the company is becoming more profitable, while a decrease may raise concerns about the company's financial health, unless there are specific one-time costs or investments.
The company's EBITDA for the quarter was 1.12B, showing a 20.3% change from the previous period. EBITDA gives insight into the company's operational profitability, excluding non-operating expenses like interest and taxes. A rising EBITDA indicates strong operational performance, while a declining EBITDA may signal operational challenges or increased costs.
It was a positive quarter for Eaton Corporation with growth in revenue, gross profit, and net income.