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EATON Powering Business Worldwide Date For Release Contact ● ● ● May 4 , 2021 Immediately Eaton Reports Strong First Quarter 2021 Results , Raises 2021 Outlook ● Eaton Communications Eaton Center Cleveland , OH 44122 tel : +1 ( 440 ) 523-4343 margarethagan@eaton.com Margaret Hagan , Media Relations , +1 ( 440 ) 523-4343 Yan Jin , Investor Relations , +1 ( 440 ) 523-7558 News Release Eaton Reports First Quarter Earnings Per Share of $ 1.14 , First Quarter Record Adjusted Earnings Per Share of $ 1.44 , Up 15 Percent Over the First Quarter of 2020 First Quarter Operating Cash Flow of $ 260 Million ; Adjusted Operating Cash Flow of $ 460 Million , Up 42 Percent Over the First Quarter of 2020 First Quarter Segment Margin of 17.7 % , 190 Basis Points Favorable to the First Quarter of 2020 and a First Quarter Record Raising Adjusted Earnings Per Share Guidance for 2021 to $ 6.10 at the Midpoint , Up 24 Percent Over 2020 DUBLIN , Ireland ... Power management company Eaton Corporation plc ( NYSE : ETN ) today announced that earnings per share were $ 1.14 for the first quarter of 2021. Excluding charges of $ 0.18 per share related to intangible amortization , $ 0.09 per share related to acquisitions and divestitures , and $ 0.03 per share related to a multi - year restructuring program , adjusted earnings per share were a first quarter record of $ 1.44 , up 15 percent over the first quarter of 2020 . Sales in the first quarter of 2021 were $ 4.7 billion , down 2 percent from the first quarter of 2020. The divestiture of the Lighting business reduced sales by 5 % percent , which was partially offset by positive currency translation of 2 percent , 1 percent growth from acquisitions , and organic growth of ½ percent .