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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.
Eaton, a power management company, announces participation of CEO Craig Arnold in the BofA Securities Global Industrials Conference on March 15 at 4:30 p.m. GMT in London. Arnold will engage in a fireside chat and address investor questions. A live webcast will be accessible on Eaton's Investor Relations website, with a replay available after the event. Eaton reported $19.6 billion in revenue for 2021 and is committed to sustainable power management, serving customers in over 170 countries.
Eaton (NYSE: ETN) has declared a quarterly dividend of
In 2021, Eaton reported revenues of
Eaton (NYSE:ETN) will host its virtual annual investor conference on Tuesday, March 1, from 9 a.m. to 12 p.m. Eastern time. The meeting aims to discuss the company’s business prospects with securities analysts and institutional investors. Presenters will include Craig Arnold, Tom Okray, Harold Jones, Uday Yadav, and Heath Monesmith. The conference will be available via live webcast, with a replay also accessible on Eaton’s website. The company reported revenues of $19.6 billion in 2021 and operates in over 170 countries.
Eaton Corporation reported a solid fourth quarter for 2021, with earnings per share of $1.37, and record adjusted earnings per share at $1.72, reflecting a 19% increase over Q4 2020. Total sales reached $4.8 billion, marking a 2% rise, propelled by 6% organic growth. Segment margins peaked at 19.3%, a 190-basis point improvement year-over-year. For the full year, adjusted earnings per share hit $6.62, up 35% from 2020. For 2022, Eaton anticipates adjusted EPS between $7.30 and $7.70, indicating continued growth.
Power management company Eaton (NYSE:ETN) has appointed Kurt McMaken as the new senior vice president of operations finance and finance transformation. McMaken will oversee the Global Operations and Transformation organization, focusing on financial planning, analysis, and technology enhancements. Reporting to CFO Tom Okray, he brings a wealth of experience from previous leadership roles within Eaton since 2001. Eaton aims to improve quality of life and the environment through sustainable power management solutions, boasting $17.9 billion in revenues and approximately 87,000 employees globally.
Eaton Cummins Automated Transmission Technologies has unveiled its new Endurant XD series, featuring Endurant XD and XD Pro models designed for high-performance automated transmissions in both on-highway and severe-duty applications. Production will commence in Q3 2022, with truck manufacturers to announce availability later. The series includes advanced technology for efficiency, such as a Precision Lubrication system, offering up to 2% better fuel economy. The XD Pro model supports heavier applications with a maximum torque rating of 2,050 lb.-ft. and includes innovative features for challenging driving conditions.
Eaton (NYSE:ETN) will announce its fourth quarter 2021 earnings on February 4, 2022, before the NYSE opens. A conference call will occur at 11 a.m. Eastern time to discuss the earnings results with analysts and investors. The call will be available via a live webcast on www.eaton.com, with a replay and news release also accessible on the site. In 2020, Eaton reported $17.9 billion in revenues, serving customers in over 175 countries with around 87,000 employees.
Eaton (NYSE:ETN) has finalized its acquisition of Royal Power Solutions for $600 million, approximately 13.6 times the company’s estimated 2022 EBITDA. This strategic move positions Eaton to leverage electrification trends in high-growth markets, enhancing its capabilities in eMobility and energy management sectors. Royal Power Solutions employs around 450 staff and operates facilities in Illinois and Mexico. This acquisition aims to bolster Eaton's growth in mobility and electrical businesses, reflecting its commitment to power management solutions.
Eaton, in collaboration with the U.S. Army Engineer Research and Development Center, demonstrated a microgrid at Fort Hood’s Robert Gray Army Airfield, showcasing its ability to function independently from the utility grid. Supported by grants from the U.S. Department of Defense, this microgrid optimizes sustainable power use without activating backup generators during testing. The advanced microgrid controller enhances operational resilience, crucial for military readiness. Eaton's 2020 revenues were $17.9 billion, with a focus on sustainable power management solutions across 175 countries.
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