Electrical equipment supplier Eaton reported a strong fourth quarter with revenue reaching a record $7.06 billion, a 13% increase year over year. Earnings per share also hit a record at $3.33, up 17.7% from the previous year. The company plans to spin off its mobility business in 2027 to focus on electrical and aerospace markets. Data center demand is driving growth, with a 30% increase in megaproject backlog year over year to $3 trillion. The company reaffirmed a 40% win rate for megaprojects and saw a 26% increase in combined backlog for electrical and aerospace businesses. Despite suboptimal earnings outlook due to capacity investments, Eaton remains exposed to megatrends like electrification and energy transition. The first-quarter outlook fell short of expectations, but full-year guidance remains strong with organic growth projected between 7% to 9%. Jim Cramer’s Charitable Trust is also monitoring Eaton’s performance.

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