# EATON CORPORATION plc (ETN) FY2024 Q1 P&L / Income Statement

- Company: EATON CORPORATION plc (ETN)
- Period: 2024-01-01 to 2024-03-31
- Filing: Q1 FY2024 10-Q, filed 2024-04-30, accession number 0001551182-24-000013
- Page: https://plicit.ai/financials/etn/fy2024-q1-income-statement
- Chart image: https://plicit.ai/charts/etn-fy2024-q1-income-statement-sankey.png

## Chart details: Revenue by Business Segment by Product and Service

Income statement for 2024-01-01 through 2024-03-31. View: Segments by Product and Service. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 5,943,000,000 US dollars
- **Cost of products sold**: 3,725,000,000 US dollars
- **Gross profit (calculated)**: 2,218,000,000 US dollars
- **Operating expenses (calculated)**: 1,214,000,000 US dollars
- **Operating profit (calculated)**: 1,004,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,000,000 US dollars
- **Income before income taxes**: 1,001,000,000 US dollars
- **Income tax expense**: 179,000,000 US dollars
- **Net income**: 822,000,000 US dollars
- **Aerospace**: 871,000,000 US dollars
- **eMobility**: 158,000,000 US dollars
- **Electrical Americas - Systems**: 1,957,000,000 US dollars
- **Electrical Americas - Products**: 733,000,000 US dollars
- **Electrical Global - Systems**: 656,000,000 US dollars
- **Electrical Global - Products**: 844,000,000 US dollars
- **Vehicle - Commercial**: 435,000,000 US dollars
- **Vehicle - Passenger and Light Duty**: 290,000,000 US dollars
- **Selling and administrative expense**: 1,025,000,000 US dollars
- **Research and development expense**: 189,000,000 US dollars
- **Revenue before reconciliation (calculated)**: 5,944,000,000 US dollars. Sum of the reported revenue categories before the separately reported reconciliation.
- **Components above reported revenue (calculated)**: negative 1,000,000 US dollars. The disclosed components add up to more than reported revenue; this is the difference, calculated, not a reported item.

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Reported revenue categories plus the separately reported signed reconciliation equals consolidated revenue.
- Of which attributable to EATON CORPORATION plc: $821.00 M; to noncontrolling interests: $1.00 M.

## Chart details: Revenue by Business Segment

- Page: https://plicit.ai/financials/etn/fy2024-q1-income-statement/revenue-by-business-segment
- Chart image: https://plicit.ai/charts/etn-fy2024-q1-revenue-by-business-segment-sankey.png

Income statement for 2024-01-01 through 2024-03-31. View: Business segment. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 5,943,000,000 US dollars
- **Cost of products sold**: 3,725,000,000 US dollars
- **Gross profit (calculated)**: 2,218,000,000 US dollars
- **Operating expenses (calculated)**: 1,214,000,000 US dollars
- **Operating profit (calculated)**: 1,004,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,000,000 US dollars
- **Income before income taxes**: 1,001,000,000 US dollars
- **Income tax expense**: 179,000,000 US dollars
- **Net income**: 822,000,000 US dollars
- **Electrical Americas**: 2,690,000,000 US dollars
- **Electrical Global**: 1,500,000,000 US dollars
- **Aerospace**: 871,000,000 US dollars
- **Vehicle**: 724,000,000 US dollars
- **eMobility**: 158,000,000 US dollars
- **Selling and administrative expense**: 1,025,000,000 US dollars
- **Research and development expense**: 189,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to EATON CORPORATION plc: $821.00 M; to noncontrolling interests: $1.00 M.

## Chart details: Revenue by Business Segment by Customer

- Page: https://plicit.ai/financials/etn/fy2024-q1-income-statement/revenue-by-business-segment-by-customer
- Chart image: https://plicit.ai/charts/etn-fy2024-q1-revenue-by-business-segment-by-customer-sankey.png

Income statement for 2024-01-01 through 2024-03-31. View: Business segment by customer. Revenue uses this breakdown; costs and expenses retain the consolidated categories.

- **Net sales**: 5,943,000,000 US dollars
- **Cost of products sold**: 3,725,000,000 US dollars
- **Gross profit (calculated)**: 2,218,000,000 US dollars
- **Operating expenses (calculated)**: 1,214,000,000 US dollars
- **Operating profit (calculated)**: 1,004,000,000 US dollars
- **Other income (expense), net (calculated)**: negative 3,000,000 US dollars
- **Income before income taxes**: 1,001,000,000 US dollars
- **Income tax expense**: 179,000,000 US dollars
- **Net income**: 822,000,000 US dollars
- **eMobility**: 158,000,000 US dollars
- **Electrical Americas**: 2,690,000,000 US dollars
- **Electrical Global**: 1,500,000,000 US dollars
- **Vehicle**: 724,000,000 US dollars
- **Aerospace - Aftermarket**: 291,000,000 US dollars
- **Aerospace - Industrial and Other**: 225,000,000 US dollars
- **Aerospace - Original Equipment Manufacturers**: 355,000,000 US dollars
- **Selling and administrative expense**: 1,025,000,000 US dollars
- **Research and development expense**: 189,000,000 US dollars

### Chart connections

- Revenue less cost of revenue equals gross profit; gross profit less operating expenses equals operating income.
- Operating income plus other income or expense equals income before tax. Income before tax less income tax expense or benefit equals net income.
- Of which attributable to EATON CORPORATION plc: $821.00 M; to noncontrolling interests: $1.00 M.