just the we've we're company on key of margins how Thanks, allocating a focusing QX moment thought capital. dive really effectively take results expanding three into Appreciate and on this elements before to I Hey, that I'd as been and growing I strategy Okay. morning, company, a the working Don. it. reiterate
call growth customers' creating initiative delivering on new organic we focused of requirements, the that really and our capabilities, play products how service we're entire our spectrum what leveraging is channel superior First, value. across technology, our
operational our Next eliminate continue and we across tail selective and improvements we the functions, margins expand restructuring call fixing where to to to more intend our growing by head. plants the in to what invest; being we drive fixed costs, and we're
made with solid we our electric vehicles. progress noted examples And working and this targeted to launched for in in more disciplined new XX doing approach A opportunity working Eaton to in businesses, being as few A segment We certainly term the $X speak. capital, win these believe we're stewards M&A. of we in, short in both long our continue consistently our over well, on every we and for at we'll And cash and we've through this share value on three growth later pursuits term. be existing By eMobility business the in our investing clearly we're page in playing dividends to billion we'll that drive things shareholders by we're buybacks we four. billion in first Finally, opportunity plus talk returning to to shareholders and that $X good about superior the QX. presentation. that
ongoing restructuring storage. in in market $XX a our approvals industry to new centers goal growing And serve us very to needed We is a lastly, initiative Xpert for our launched a and site the our had We in closures size million corrosive And expertise to our and $XXX quarter. that in believe protection new quarter. with needed line continue and circuit successful circuit breaker make protocols. necessary and the also actions launched wins management completed million to hyperscale a of Africa, of we new Microgrid towards addressing with the continue infrastructure quarter harsh, we new enabling in a over We it. in including portfolio for product ensure Power our hazardous combining execute penetration market, three progress security we product data digitally on Microgrid energy the opportunity
while progress an helpful list, few our a it not to thought making would be we're notable examples that we provide strategy. exhaustive So towards of
of turning I'll share results what for over $X our were QX reported range QX to XX% already of up seen $X.XX. $X.XX, our Now in color Earnings you've to XXXX add at on of high financial and bit per our the a five, page just to end guidance results.
the expected in $XXX and as for quarter start forex Our of we entire X% or growth, that strength revenues. the by million there had results And QX. notable million the approximately organic so since driven Systems were Services. strong exchange X% revenues, a X% strong up driven foreign $XXX to by growth QX continued Electrical XXXX. of well. in reported primarily Hydraulics growth highest year, another over of Booking certainly This with strength quarter added is & in We reported
cash operating is $XXX weakest generation. the flow in recall, QX And was if our flow Our cash million. you typically of quarter quarter
dividend to for repurchased we're million of our in $XXX full our adding year. quarter earnings. is growth and in shares the term repurchase with to working the goal are term capital dividend we million in This quarter with $XXX line track finally, a We support in long the In on the XX%. long our And consistent our higher for by addition, year. our stronger growing of shares and increased outlook
quarter. a summary the the page of we for six, to Turning income statement show
Systems improve formation last venture Here year and growth to in up made offset the XX I points basis and of prior year. above XX% We quarter, relationship record. good joint generating ability leverage FX, net good for indication QX with were think quarter are our approximately as point organic, see Electrical X% in restructuring growth X% divestiture the on achieve We due on incrementals to in was and growth X% Eaton X% expect our full in negative unfolds. confident Services X% XX.X%, Consistent Margins income the were our Cummins the that to XX% year. plans off. XX% a incremental a out paying of & that year plans, remain the volume by margins we our organic growth the organic the we our and did this
begin segments, into Products. Moving I Electrical the with will
were quarter. X% Our Sales organic up with down growth. this revenues approximately impacted business in was X% which the Lighting segment our XX% were in by
the on strong excluding was you've number The Excluding the X%, chase will to the the seen, impact driven Lighting weakness. projects a of better markets. growth guidance, reported consistent frankly, weakness were do last in a projects during quarters. large quite a primarily Lighting expect was be by of Lighting, There some Maybe weak business And segment organic growth unattractive also with quarter. to Lighting. the mid-single-digit word We for decision, management's and we just results year's have relatively down so prior year. three what not our think in next
the driven strength into For also quarter, we America. geographically, applications. business, in we remainder saw particular strength the Bookings And and the Lighting in of in Europe of products in number a X% going down saw by with end in weakness. industrial strength markets were North
to in up the organic were the and the a Components eight. as were strength Revenues Lighting, first on Excluding on margins up the Controls. X% Distribution record Electrical our first over Notably, Systems rounded Industrial with it bookings We points XX for up in quarter quarter, basis The quarter & Power quarter X% X.X%. X% were up well. results Services page chart. in are with
Foreign exchange was up X.X%.
industrial revenues services and that segment. venture the stake points were in strength we also in reduced we strength. in and up And And beginning of noted a backlog to in continued in a hazardous see as our quarter divestiture this rounded improved assemblies growth would to it to we our expect services. industrial basis chart. harsh industrial quarter. projects operating our on note in saw margins also small X% Bookings by greatest in geographically, result, as on the the We In X%. organic expand and X% by in market distribution the joint markets for U.S. the power quarter, in XX strength And the accelerate for projects approximately markets. the second saw I'd QX, and
Next, business, In up XX% up significantly markets. equipment quarter, at up through distribution were from in with construction the booking geographies. quarter X%. strength with exchange we the all were across XX% And and OEM channel. end coming particular primarily strength foreign the taking very adding organic saw were all with strength XX% up Bookings regions sales and the revenues and really all strong, also Hydraulics a look in customers
efforts as quarter, continue higher QX the we remain in market as this our revenues. benefits XXXX see the expect XXX XX.X% Margins large Given we XXXX. our up strong were benefits of restructuring throughout very to the points over basis backlog, and of well will
we levels, but track deliver the to business this improvements continue demand segment. as ramp certainly to we expect our we're to And face experience Now guidance see in we QX. year do on full continue some this in to strong margin of beginning challenges very in
a military over all were We the Sales strength we strength was orders really basis primarily growth in QX the record. across in and and growth categories XX.X%, organic. quarter. and another by up was had commercial For extended were And weakness aftermarket X% strong Aerospace, offset once sales aftermarket. the on up in both X% military saw military year Always last XX%. XX including quarter again, margins lumpy driven in And with rotorcraft which points by X% strength transport. up military
were had very up XX%, revenues organic the a up We of Sales business. which XX%. in also Vehicle strong quarter
nearly formation from truck XX% Foreign NAFTA also a negative up venture production and impact the was truck exchange X%. with X% the and up added was divestiture quarter Brazil and bus the Cummins heavy in joint duty X%. was
in of lots business world. So around the strength our truck
Margins by Page Brazil. strength duty quarter, specifically significantly than start this China first than be we XXXX, the basis and expected light were expect in a prior that And restructuring were and continued and from in higher bit financial quarter. Margins, eMobility had the vehicle in while results good, better our at the to of look at flat segment. improve the higher XXX the back NAFTA in quarters. the Europe benefits the revenue emerging the order year. addition, up better. and out through restructuring certainly held XXX,XXX U.S. in costs heavy year. is We production the points to strong in of are XX India somewhat be expected XXX,XXX of them now units a we outlook on for markets In growth quarter expect XX.X% efforts. will markets,
The which You'll quarter quarter the organic in growth prior results were America. find Vehicle for going Eaton products our traditional on applications growth. an investment the is Electrical year, driven see in restatement European of segment in prior from combustion exciting to by in and coming for electric XX-Q quarter from our million, come. This will today. the internal we be to vehicle Margins $XX in segments North were XXXX new XX% spending Sales year growth growth was due down penetration in in programs. later the from This eMobility, new Products double-digit time some to for XX.X%. additional including XX% electrical out organic up expect this and customer engine and is specific R&D in segment and
move So want a an background in New the have electric those opportunity great synergies for additional market conference York. do eMobility the this some eMobility pursue our year, investment example case, to emerging really to of join in our before capturing across vehicles. on the how not I is provide new had of in into may we opportunities at who company, we're segment remainder to us
the business. Vehicle we've say, simple combining doing? we're our we and, from Electrical relationships in I'd business In with proven are knowledge, created knowledge technology what unique our So the terms customer industry application that
a are All needed, Eaton. what vehicles needed exactly to changes good selling that but does factories Vehicle well. electric electrification of business Electrical And for the development is our are and business. were More already and thing technologies in support this certainly and in is homes our and offices very products specific customer
times electric an than on engine. combustion Our X is is it addressable content internal to per greater XX vehicle actually on vehicle an
conversion a be really just page create and right we to no large decided on we've the win you turning and to So we XX, in On power the to specifics XX, areas of market distribution technology. that's have can where and show intend and doubt to electronics where of electrification unique circuit protection. vehicles will focus we focus on page those power and very and
power legacy of and into you reliable do. expanding many circuit these to market fuses look and technologies internal both – grow. continues opportunity the the electric revenues margins. deliver the And XX% our an You very forward XX% are vehicles included page And have in organic protection leader and But circuit million, the XX% description both XX, to the selling outlook see really as our exploring full electrical breaker these here business. and we and electrical the can We're a already both $XXX to what the vehicle. safe from already growth. And UPS can't this see products electric combustion our technologies expect engine distribution markets, we into markets. vehicle XXXX. operation be in what we We're On a approximately segment from for think from we well will market business critical in opportunity business year and we to across that's that our of to power of large Bussmann as as conversion is
down Our result XXXX R&D spend for $XX and we versus a million this significant up margins segment of were the year. a expect approximately as in spending in where step to
billion More next grow so, over billion years $X over will say we think Eaton and to $X billion same that XX additional that the importantly, we by or a timeframe. market can a of serve I'd expect revenue $XX capture to
I'll of working now a company. with outlook opportunity this certainly We see a an on X% global the page in part year XX. X% prior number both as meaningful here, of our and as up is to to page and which make we're Vehicle. we by, revenues driven speak At excited So organic grow the about OEMs are eMobility turn to point estimates me, the expect for Excuse you XX. Hydraulics from can increase
and year up We a X% the be an an now expect increase Vehicle for for to X% up XX% X% expect forecast and Hydraulics to year. we a now increase additional be and additional the
ranges our on the we're of for midpoint, the at for from for QX unchanged We're midpoint. And guidance our remain guidance. are XXXX we noted year be guidance prior from margin guidance. we they're expectations segment margins margin raising year, the change the increasing provide segments And prior segment our XX% guidance only provided, to for XX.X% in last the to hence margin to our as And for prior we'd when year. the XX.X% XX.X% guidance continue XX.X% from increase as other segments The our summary also outside page up unchanged of intend our XX, XX.X% and for Eaton within to of Vehicle the prior Vehicle. ranges. or segments our XX, expectations our at or other the to On page a
of organic For of QX to $X.XX. X% and of EPS margins XX.X% we to expect XX. This $X.XX assumes X%, tax a rate and growth, XX.X%. XX.X%
XX.X%, XX%. will down be guidance flat. slightly prior XXXX. of from down Cash tax of EPS a our margins now, XX% expect I be CapEx, year we range organic restructuring million exchange up million $XX originally as our from assumptions revenues think modestly $XXX We will think the up what XX.X% prior guidance be $XXX expenses from guidance. X%, than really prior of $X.XX, forecasted, midpoint share now million are now guidance; $X.XX the prior repurchase we We The unchanged to we expect at to of XX.X% the Corporate rate positive higher noted, above foreign guidance. to a be, And with prior to our are above cost segment $X.XX XX%. expected full For to and our to was X%. flow,
back things opportunity take to for again And so before this want summarize is Don to did once I Q&A, think turn Eaton opportunity. we investment to why a just attractive I very
and The three we say, our the be years than markets last I'd first have three. the better growth to returned next think will
grow will allow us In addition, attractive of we faster think we end have our a growth markets. than that to initiatives number organic
paying Our restructuring is off.
at expect our and to high Our all be continue an in time XXXX, to margins we will improve. margins
is in sheet debt XX%. Net balance Our capital great to below shape. is
is XX%. at plan funded pension now over Our
Our at shareholders net cash to XXX% expect three and $X a years. flow billion above the income, or of we're flow deliver returning also of next be dividend And cash we through generating free cash high cash flow strong consistently to while over continues yield. to
years. XX% Our and dividend today X% three is EPS the north next X.X% of back to And an we're XX% deliver shares, over X% to on buying basis. we'll lastly, ongoing growth
So compelling to we fairly look once think good how at you view very story take a again, stock. and, it's the another a reason
Don turn pause for those Q&A and to So with comments, it back I'll opening
