Eaton Corporation plc (NYSE:ETN) Q3 2023 Earnings Conference Call October 31, 2023 11:00 AM ET
Company Participants
Yan Jin - Senior Vice President, Investor Relations
Craig Arnold - Chairman and Chief Executive Officer
Tom Okray - Executive Vice President and Chief Financial Officer
Conference Call Participants
Andrew Obin - Bank of America
Joe Ritchie - Goldman Sachs
Jeff Sprague - Vertical Research
Scott Davis - Melius Research
Steve Tusa - JPMorgan
Chris Snyder - UBS
Nicole DeBlase - Deutsche Bank
Julian Mitchell - Barclays
Steve Volkmann - Jefferies
Nigel Coe - Wolfe Research
Phil Buller - Berenberg
Joe O’Dea - Wells Fargo
Brett Linzey - Mizuho
Operator
[Abrupt Start] Conference Call. [Operator Instructions] And as a reminder, today’s conference is being recorded. I would now like to turn the conference over to your host, Yan Jin, Senior Vice President of Investor Relations. Please go ahead.
Yan Jin
Good morning. Thank you all for joining us for Eaton’s third quarter 2023 earnings call. With me today are Craig Arnold, our Chairman and CEO; and Tom Okray, Executive Vice President and Chief Financial Officer.
Our agenda today includes the opening remarks by Craig, then he will turn it over to Tom, who will highlight the company’s performance in the third quarter. As we have done in our past calls, we will be taking questions at the end of Craig’s closing commentary. The press release and the presentation we’ll go through today have been posted on our website. This presentation, including adjusted earnings per share, adjusted free cash flow and other non-GAAP measures that are reconciled in the appendix. A webcast of this call is accessible on our website and will be available for replay.
I would like to remind you that our commentary today will be including statements related to the expected future results of the company and are therefore forward-looking statements. Our actual results may differ materially from our forecasted projection due to a wide range of risks and uncertainties that are described in our earnings release and the presentation.
With that, I will turn it over to Craig.
Craig Arnold
Okay. Thanks, Yan. We are pleased to report our Q3 results in another record quarter. Our team continued to deliver on our commitments, supported by strong markets and good execution.
So, let me begin with some of the highlights on Page 3. As we have shared for some time now, megatrends, including reindustrialization, energy transition, electrification and digitalization are continuing to expand our markets, revenues, orders and negotiations pipeline as these trends are once again evident in our results in the quarter, especially in our Electrical Americas business. We posted another quarter of record financial results with strong revenue, margins, earnings and cash flow growth.