Net sales reached $27.4 billion in 2025, an increase of 10% from $24.878 billion in 2024. Net income attributable to Eaton ordinary shareholders grew to $4.087 billion in 2025, up 8% from $3.794 billion in 2024. Diluted net income per share increased to $10.45 in 2025, a 10% rise from $9.50 in 2024. Organic sales growth was 8% in 2025, primarily driven by strength in data center, machine OEM, residential, and aerospace markets. Acquired Fibrebond Corporation for $1.43 billion and Resilient Power Systems Inc. for $86 million in 2025. Announced an agreement to acquire Boyd Thermal for $9.5 billion, expected to close in Q2 2026. Closed the acquisition of Ultra PCS Limited for $1.53 billion on January 23, 2026. Intends to spin off its Mobility business (Vehicle and eMobility segments) into an independent, publicly traded company by the end of Q1 2027. Cash provided by operating activities increased by $145 million to $4.472 billion in 2025. Capital expenditures for property, plant, and equipment were $919 million in 2025, with an expectation of approximately $1.1 billion in 2026. Repurchased 5.7 million ordinary shares for $1.9 billion in 2025; $7.6 billion remains available under the 2025 share repurchase program. No share repurchases are planned for 2026 due to the Boyd Thermal acquisition. Declared a quarterly dividend of $1.10 per ordinary share on February 26, 2026, a 6% increase over the Q4 2025 dividend. Total backlog at December 31, 2025, was approximately $19.8 billion, with 69% targeted for delivery in the next twelve months.