Eaton Corporation plc reported second quarter 2026 results with record sales of $8.5 billion, up 21% year-over-year, and diluted earnings per share of $2.11. Adjusted earnings per share reached a quarterly record of $3.15. The company raised its full-year 2026 adjusted EPS guidance to between $13.40 and $13.60. Additionally, Eaton announced an agreement to separate its Mobility business through a Reverse Morris Trust transaction with Dana Incorporated, expected to close in the first quarter of 2027. The company operates in the intelligent power management industry.

Eaton Corporation plc entered into a definitive agreement with Dana Incorporated to separate its Mobility segment through a Reverse Morris Trust transaction. The company will receive approximately $1.1 billion in cash distribution and Eaton shareholders will own at least 50.1% of the combined company following the transaction. Eaton Corporation plc is a multi-industry power management company.

Eaton Corporation plc issued a press release on May 5, 2026, announcing its financial results for the quarter ended March 31, 2026. The filing serves as the formal notification of the company's quarterly earnings and financial performance.

Eaton Corporation terminated an $8 billion term credit agreement and closed the sale of several U.S. and Euro notes, resulting in net proceeds of approximately $8,436.5 million and €1,192.1 million, respectively. The company intends to use these funds for general corporate purposes, including the acquisition of Boyd Thermal.

Eaton Corporation plc has appointed David B. Foster as Executive Vice President and Chief Financial Officer, effective March 2, 2026, succeeding Olivier Leonetti. Mr. Foster will receive an annual base salary of $815,000 and equity grants totaling $3.5 million, consisting of $875,000 in stock options, $875,000 in restricted stock units, and $1,750,000 in performance share units.