Short answer
Eaton Corporation (ETN) filed its fiscal 2024 10-K annual report with the SEC on Feb 27, 2025. It reported revenue of $24.9B (+7.3% year over year) and net income of $3.8B.
- Top risk flagged: Regulatory risk: GDPR fines up to 4% of global revenue for data privacy violations impacting Eaton's multinational data management
FY2024 key financial metrics · XBRL
- Revenue
- $24.9B
- +7.3% YoY
- Net income
- $3.8B
- +17.9% YoY
- EPS (diluted)
- $9.50
- +18.5% YoY
- ROE
- 20.5%
- +3.6 pp YoY
- Operating cash flow
- $4.3B
- +19.4% YoY
Source: XBRL data from the Eaton Corporation (ETN) FY2024 10-K on SEC EDGAR. USD.
Eaton Corporation FY2024 10-K analysis
AI summary of each section, grounded in the filing text
Business Overview
- Core business model: Diversified manufacturing and supply of electrical and industrial components supporting various end markets globally
- Emphasis on mitigating supply chain disruptions, raw material shortages, and labor shortages impacting costs and operating results in FY2025
- Strategic focus on market and geographic diversification to reduce volatility impact on revenues and profitability
- Operating globally with ongoing risks from changing trade policies, tariffs, and currency fluctuations affecting financial performance
- Heightened exposure to intellectual property protection challenges amid rapid technological changes and competitive pressures
Risk Factors
- Regulatory risk: GDPR fines up to 4% of global revenue for data privacy violations impacting Eaton's multinational data management
- Geopolitical risk: Global facility disruptions from natural disasters, labor strikes, war, political unrest, or pandemics risking production delays and lost sales
- Operational risk: Cybersecurity threats from advanced persistent threats targeting Eaton's IT/OT systems and embedded product software across its connected operations
- Competitive risk: Increasing regulatory and market demands for low-carbon products may outpace Eaton’s innovation relative to climate-focused competitors
- Financial risk: Significant raw material inflation risks increasing costs that Eaton may not fully pass on through product pricing
Generated from the filing text; verify against the original. How to read a 10-K
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