April 30, 2024 10:57 GMT
Eaton Corp (A3/A-): 1Q24 Results
CAPITAL GOODS
Neutral for spreads. Good results but already looks tight for the rating.
- Revenue in line, EBIT beat by 11%.
- FY24 sales and margin guidance upgraded.
- FCF missed at $292mn (c.$465mn), mostly on working capital.
Keep reading...Show less
34 words