ETN · 8-K · 20260731PR000027

Income Tax Rate Changes

Eaton Corp plc · 2026-07-31 · Importance 71 · Surprise 82

Second-quarter income tax expense increased 58% year over year to $321 million from $203 million, while income before taxes declined 4% to $1.144 billion from $1.186 billion. The implied effective tax rate increased to approximately 28.1% from 17.1%, reducing net income to $823 million from $982 million. Eaton also incurred $52 million of withholding taxes in 2026 related to funding the Boyd Thermal acquisition.

Key facts

• Eaton incurred $52 million of withholding taxes related to funding the acquisition of Boyd Thermal during the second quarter and first six months of 2026, which are included in Income tax expense. source