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EATON Powering Business Worldwide Date For Release Contact ● ● November 2 , 2021 Immediately Eaton Reports All - Time Record Quarterly Results ● Eaton Communications Eaton Center Cleveland , OH 44122 tel : +1 ( 440 ) 523-4006 jennifertolhurst@eaton.com Jennifer Tolhurst , Media Relations , +1 ( 440 ) 523-4006 Yan Jin , Investor Relations , +1 ( 440 ) 523-7558 News Release Third Quarter Earnings Per Share of $ 1.57 All - Time Record Quarterly Adjusted Earnings Per Share of $ 1.75 , Up 30 % Over the Third Quarter of 2020 All - Time Record Segment Margins of 19.9 % , 230 Basis Points Above the Third Quarter of 2020 DUBLIN , Ireland ... Power management company Eaton Corporation plc ( NYSE : ETN ) today announced that earnings per share were $ 1.57 for the third quarter of 2021. Excluding income of $ 0.13 per share related to acquisitions and divestitures and charges of $ 0.25 per share related to intangible amortization and $ 0.06 per share related to a multi - year restructuring program , adjusted earnings per share were an all - time record of $ 1.75 , up 30 % over the third quarter of 2020 . Sales in the third quarter of 2021 were $ 4.9 billion , up 9 % from the third quarter of 2020. The sales increase consisted of 8 % growth in organic sales , 7 % growth from acquisitions , and 1 % from positive currency translation , which was partially offset by 7 % from the divestiture of the Hydraulics business that was completed on August 2 . Craig Arnold , Eaton chairman and chief executive officer , said , " We had a record third quarter , driven by strong operational performance despite supply constraints that impacted our organic sales growth . Still , we saw encouraging signs , including robust order growth of 17 % on a rolling 12 - month basis and record backlogs up more than 50 % in our combined