Of the 18% that have actually started construction, Eaton has seen a strong win rate of approximately 40% for its electrical equipment.
Electrical Americas achieved all-time record sales, profit, and margins with broad base growth in nearly all its end markets.
Electrical Global also achieved record sales and profits as organic growth increased 4% year over year, a nice pickup from the flat third quarter.
Both book-to-bill ratios are above 1.1, indicating strong growth for the future.
By end market, Eaton expects Electricals Americas organic growth of 9% to 11% with operating margins around 26.8% to 27.2%.
Persons:
Eaton, Jim Cramer's, Jim Cramer, Jim
Organizations:
Revenue, LSEG, Electrical, Electrical Global, It's Aerospace, Boeing, Aerospace, Jim Cramer's Charitable, CNBC, Eaton Corporation, NYSE
Locations:
North America