On 2026-08-04, Adam A. Wadecki, Senior Vice President and Controller of Eaton Corporation, a subsidiary of Eaton Corp plc, sold 525 Ordinary Shares in a sale in open market or private transaction at $440.5430 per share, leaving him with 1054.0000 directly owned shares. The Rule 10b5-1 trading plan checkbox for this transaction was not selected.
Eaton Corporation plc reported Q2 2026 net sales of $8,531 million, up 21% year over year, driven by 14% organic growth and acquisitions. Net income attributable to ordinary shareholders declined to $821 million as gross margin fell to 33.5% from 37.0% and the effective tax rate rose to 28.1%.
Adjusted earnings increased to $1,228 million and adjusted EPS to $3.15, with segment operating profit higher across Electrical Americas, Electrical Global, Aerospace and Mobility. Backlog was approximately $24.1 billion, and operating cash flow for the first six months rose to $1,634 million.
Eaton completed major acquisitions, including Boyd Thermal for $9.55 billion and Ultra PCS for $1.53 billion, alongside issuance of $8,500 million of new U.S. notes, €1,200 million of Euro notes and increased commercial paper, lifting total assets to $56,181 million and long-term debt and current portion to $18,520 million. The company also advanced plans to separate its Mobility segment via a Reverse Morris Trust with Dana, expecting a $1.1 billion cash distribution and closing in the first quarter of 2027.
Eaton Corporation plc reported record second quarter 2026 results. Sales reached $8.5 billion, up 21% from a year earlier, driven by 14% organic growth and 7% from acquisitions. Diluted EPS was $2.11, and adjusted EPS, excluding acquisition, restructuring and amortization charges, was a record $3.15. Segment margins were 23.1%, above the high end of guidance. Operating cash flow was $1.1 billion and free cash flow $874 million, both more than 20% higher than last year.
Electrical Americas and Electrical Global delivered record sales of $4.0 billion and $2.5 billion, respectively, with strong orders and backlog; Aerospace sales reached $1.2 billion with 22.8% margins. The Electrical businesses and Aerospace each reported rolling 12‑month book‑to‑bill ratios of 1.2 and backlog growth up to 103% year over year, signaling robust demand.
Eaton continued portfolio reshaping, closing the $9.55 billion Boyd Thermal acquisition and the $1.53 billion Ultra PCS deal, and investing $75 million in SPAN. It agreed to separate its Mobility business via a Reverse Morris Trust with Dana, expected to close in early 2027 and provide a $1.1 billion cash distribution. For 2026, it guides to 11–13% organic growth, 24.1–24.5% segment margins, EPS of $10.36–$10.56 and adjusted EPS of $13.40–$13.60.
Eaton Corporation plc plans to separate its Mobility Group and combine it with Dana Incorporated in a Reverse Morris Trust transaction that values the combined company at over $10 billion.
Eaton’s Mobility Group is valued at about $5.1 billion, with the combined business expected to generate roughly $11 billion in 2026 pro forma revenue and $1.7 billion in estimated adjusted EBITDA, including $250 million of run-rate cost synergies. Eaton will receive a cash distribution of approximately $1.1 billion and its shareholders will own at least 50.1% of the new company’s shares.
The deal is intended to be tax-free for U.S. federal income tax purposes and is expected to close in the first quarter of 2027, subject to Dana shareholder approval, regulatory clearances and other customary conditions. After closing, Eaton will focus on its Electrical and Aerospace businesses, which management ties to long-term growth trends, while the combined company will operate as Dana Incorporated and continue to trade under the ticker DAN.
Eaton Corp plc director Dorothy C. Thompson reported an open-market sale of 167 Ordinary Shares at $385.00 per share. After this transaction, she holds 1,096 Ordinary Shares directly and 2,205 Ordinary Shares indirectly through her spouse. The filing shows no option exercises or derivative transactions, indicating a straightforward share sale rather than an options-related event.
Eaton Corp plc officer Antonio Galvao reported an open-market sale of company stock. On May 13, 2026, he sold 494 Ordinary Shares of Eaton at an average price of $405.855 per share. After this transaction, he continued to hold 9,175 Ordinary Shares directly. This filing reflects a relatively small insider sale while maintaining a meaningful remaining stake in the company.
Eaton Corp plc director Gerald Johnson reported open-market purchases of company ordinary shares. On May 8, 2026, he bought 746 shares at an average price of $402.2898 per share, with trades executed between $402.09 and $402.29. On May 11, 2026, he bought an additional 215 shares at $419.02 per share. Following these transactions, he directly owns 1,629 ordinary shares of Eaton Corp plc.
Eaton Corp plc director Gregory R. Page reported routine equity compensation transactions. On May 6, 2026, he exercised 621 ordinary shares from restricted stock units and received them as common stock. As part of this event, 150 shares were disposed of to cover tax obligations at $416.50 per share, a non-market tax-withholding disposition rather than an open‑market sale.
Page also received a new grant of 470 restricted stock units as compensation for his Board service, each representing a contingent right to one ordinary share and scheduled to vest on the first anniversary of the grant date. Following the transactions, he directly owned 44,090 ordinary shares, with no unexercised restricted stock units remaining from the 621‑unit grant that was converted into shares.
Eaton Corp plc director Silvio Napoli reported routine equity compensation activity. On May 6, 2026, he exercised 621 ordinary-share-linked restricted stock units, converting them into ordinary shares, and 299 ordinary shares were disposed of to cover tax obligations.
He also received a new grant of 470 restricted stock units as compensation for his service on the Board of Directors. After these transactions, Napoli directly holds 1,756 ordinary shares and 470 restricted stock units, with each unit representing a contingent right to receive one ordinary share.