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Eaton Corporation plc is a leading American-Irish multinational power management company, recognized globally for its innovative solutions in managing electrical, hydraulic, and mechanical power. Founded in 1911, and with its global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, Ohio, Eaton has consistently positioned itself at the forefront of the power management industry.
With 2022 sales amounting to $20.75 billion, Eaton operates through several primary segments: Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility. This diversified portfolio enables Eaton to cater to a wide range of end markets, including commercial vehicles, general aviation, trucks, data centers, utilities, and residential applications.
Eaton's recent achievements highlight its commitment to growth and innovation. The company has expanded its manufacturing capacity with a new state-of-the-art assembly plant in Santiago de los Caballeros, Chile, and a modern campus in Helsinki, Finland, to meet the rising demand for its products. These facilities focus on producing critical components like UPS systems and Bussmann series fuses, which are essential in data centers, renewable energy projects, industrial buildings, and electric vehicles.
In addition to facility expansions, Eaton is actively participating in the BIG LEAP project, an EU research initiative aimed at enhancing energy storage efficiency using second-life batteries from electric vehicles. This project underlines Eaton's dedication to sustainability and innovation in energy management.
Eaton also places a strong emphasis on sustainability and environmental stewardship. The company is dedicated to protecting the environment and improving the quality of life for people everywhere through its products and solutions. By capitalizing on global trends like electrification and digitalization, Eaton is accelerating the planet's transition to renewable energy sources and helping solve some of the most urgent power management challenges.
With over a century of experience, Eaton remains a trusted name, serving customers in more than 160 countries. The company reported revenues of $23.2 billion in 2023, showcasing its robust financial condition and commitment to innovation.
For more information, visit Eaton.com. Follow Eaton on LinkedIn.
The Board of Directors of Eaton (NYSE:ETN) declared a quarterly dividend of $0.86 per share, payable on May 26, 2023, to shareholders of record by May 8, 2023. This marks a continued commitment, as Eaton has paid dividends annually since 1923. In 2022, Eaton reported revenues of $20.8 billion and serves customers in over 170 countries. The company focuses on improving life quality and environmental protection while addressing global challenges in power management.
Eaton has acquired a 49% stake in Jiangsu Ryan Electrical Co. Ltd., a Chinese manufacturer of power distribution transformers, enhancing its position in the renewable energy market. The acquisition is valued at approximately $100 million, with Ryan reporting revenues of $100 million in 2022. This strategic move aims to leverage Ryan's high-quality products alongside Eaton's global distribution capabilities, promoting growth in the Asia-Pacific region. Eaton emphasizes its commitment to power management solutions amid increasing demand for renewable energy and electrification. The acquisition is set to accelerate Eaton’s growth in target markets including data centers and utilities.
Eaton has joined the White House and HHS Health Sector Climate Pledge, committing to ambitious sustainability goals including science-based greenhouse gas reduction targets and achieving carbon-neutral operations by 2030. The healthcare sector contributes 8.5% to U.S. greenhouse gas emissions, and Eaton aims to help cut these emissions by 50% by 2030. The company is enhancing its portfolio of intelligent power management solutions to assist healthcare organizations in strengthening infrastructure and electrifying fossil-fueled processes. Eaton's global healthcare segment director emphasized the potential of clean energy projects to improve sustainability and reliability in healthcare. Founded in 1911, Eaton reported revenues of $20.8 billion in 2022, reflecting its commitment to sustainability and power management across more than 170 countries.
Eaton (NYSE:ETN), an intelligent power management company, will release its first quarter 2023 earnings on May 2, 2023, prior to the opening of the New York Stock Exchange. A conference call is scheduled for 11 a.m. Eastern time to discuss these results with analysts and investors. The call can be accessed via a live webcast on Eaton's website. In 2022, Eaton reported revenues of $20.8 billion, serving customers in over 170 countries. This year marks the 100th anniversary of Eaton being listed on the NYSE, emphasizing its long-standing presence in the market. The company focuses on sustainability and aims to support the global transition towards renewable energy.
Gridiron Capital announced that Ernest Marshall will join the board of Leaf Home, enhancing its focus on talent development and human resources. With over 22 years of experience, including as EVP and CHRO at Eaton, Marshall aims to cultivate an inclusive work environment at Leaf Home. His background includes global HR leadership at GE Aviation and law and MBA degrees from Indiana University. The board aims to leverage his expertise to develop a culture that retains top talent as Leaf Home continues its growth. This decision reflects Gridiron Capital's commitment to fostering strong leadership within its portfolio companies.
Eaton and Sunverge have expanded their collaboration to enhance utility management of residential EV charging with a new platform integrating Eaton's EV chargers and Sunverge's DER management solutions. This initiative responds to the anticipated demand from nearly 48 million EVs and aims to optimize energy use through real-time load management. The integration promises to improve grid resilience, flexibility, and support decarbonization efforts. Eaton's technologies will enable utilities to efficiently manage charging loads, benefiting both utility companies and EV owners.
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