ETN · 8-K · 20261016PR000034
Share Repurchase Program
Eaton Corp plc · 2026-10-16 · Importance 79 · Surprise 66 · No source text
Eaton repurchased 5.7 million ordinary shares for $1.9 billion in 2025, compared with 7.8 million shares for $2.5 billion in 2024. The board renewed the repurchase authorization on February 27, 2025, permitting up to $9.0 billion of purchases over three years. As of December 31, 2025, $7.597 billion remained available under the 2025 Program. Eaton does not intend to conduct share repurchases in 2026 because it expects to acquire Boyd Thermal.
Key facts
- Board adopted share repurchase program on February 23, 2022 for up to $5.0 billion over three years (2022 Program); Board renewed on February 27, 2025 for up to $9.0 billion over three years commencing that date (2025 Program) source
- On February 23, 2022, the Board adopted a share repurchase program for repurchases up to $5.0 billion over three years commencing that date (2022 Program). source
- On February 27, 2025, the Board renewed the 2022 Program by providing authority for up to $9.0 billion in repurchases to be made during the three-year period commencing on that date (2025 Program). source
- During 2025 and 2024, 5.7 million and 7.8 million ordinary shares respectively were repurchased under the 2025 or 2022 Programs at total cost $1.9 billion (2025) and $2.5 billion (2024); no ordinary shares repurchased in 2023 source
- At December 31, 2025, there is $7,597 million still available for share repurchase under the 2025 Program. source
- There are 750 million Eaton ordinary shares authorized with $0.01 par value; 387.9 million issued and outstanding at December 31, 2025 and 392.9 million at December 31, 2024 source
- The Company does not intend to pursue share repurchases in 2026 due to the expected acquisition of Boyd Thermal in the second quarter of 2026. source
- Eaton repurchased shares totaling $1,862 million in 2025 (repurchase of shares amount on cash flow table). source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | negative | realized | -4.5% | Eaton repurchased shares totaling $1,862 million in 2025 (repurchase of shares amount on cash flow table). |
| cash | negative | committed | — | On February 27, 2025, the Board renewed the 2022 Program by providing authority for up to $9.0 billion in repurchases to be made during… |
| cash | negative | realized | — | During 2025 and 2024, 5.7 million and 7.8 million ordinary shares respectively were repurchased under the 2025 or 2022 Programs at total… |
| cash | negative | committed | — | At December 31, 2025, there is $7,597 million still available for share repurchase under the 2025 Program. |
| cash | positive | probable | — | The Company does not intend to pursue share repurchases in 2026 due to the expected acquisition of Boyd Thermal in the second quarter of… |