Eaton Corporation plc (ETN) Presents at Morgan Stanley's 14th Annual Laguna Conference Transcript

Eaton Corporation plc ( ETN ) Morgan Stanley's 14th Annual Laguna Conference September 16, 2026 4:50 PM EDT Company Participants Paulo Sternadt - CEO & Director Presentation Unknown Analyst Thank you, everybody. I'd like to welcome you to our 14th Annual Laguna Conference. For important disclosures, please see the Morgan Stanley research disclosure website at morganstanley.com/researchdisclosures. If you have any questions, please reach out to your Morgan Stanley representative. I'm pleased to be here with Eaton. I'm here with CEO, Paulo Ruiz, and looking forward to speaking. Paulo Sternadt CEO & Director Thank you. Good afternoon. Question-and-Answer Session Unknown Analyst So starting off, you're getting into year 2 on the job as CEO. You just completed the first year and 2026 is tracking pretty well ahead of the plan you laid out. What's changed since you started? And what should investors expect from here? Paulo Sternadt CEO & Director So I would say our strategy is really working, and it's gathering pace. So execution -- we have execution momentum. You just pointed out, we are ahead of our own committed numbers this year. So we initiated guidance with 8% organic growth. In the first review, we turned to 10%. And now in the second review, we said we can do 12%. We want to keep operating that way, proving that we can do more and actually increasing our own numbers. That's the spirit. That's how the whole team is working on. So we feel really good about the traction and the momentum we have. If you take a step back and look at historically what the company has achieved, it took us 100-plus years to get to $20 billion, right? It only happened when we made the acquisition of Cooper in 2013. After that it was a decade of making the portfolio better. So we reshaped the