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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 (NYSE:ETN) has appointed Taras 'Terry' Szmagala Jr. as executive vice president and chief legal officer. He will advise the executive management and Board of Directors while leading the global Legal organization. Szmagala has held various senior roles since joining Eaton in 2007. Nancy Berardinelli-Krantz has been named senior vice president and deputy chief legal officer, continuing her leadership of the legal teams for the Electrical and Industrial Sectors.
Eaton reported revenues of $19.6 billion in 2021, serving clients in over 170 countries.
Power management company Eaton (NYSE:ETN) has been recognized as one of the 100 Best Corporate Citizens for the 15th consecutive year by 3BL Media. This accolade highlights Eaton's strong environmental, social, and governance (ESG) performance among Russell 1000 companies. Chief Sustainability Officer Harold Jones commended the progress toward ESG objectives. The ranking assesses 155 ESG factors across eight pillars. Eaton's commitment to sustainability includes various reports, showcasing its dedication to improving quality of life and environmental stewardship.
Eaton (NYSE:ETN) announced that Chief Financial Officer Tom Okray will participate in the Goldman Sachs Industrials and Materials Conference on May 12 at 8:50 a.m. Eastern time. This virtual fireside chat will allow Okray to answer investor questions. A live webcast will be available on Eaton's Investor Relations website, with a replay to follow. Eaton specializes in power management and reported revenues of $19.6 billion in 2021, serving customers in over 170 countries.
Eaton Corporation reported record first quarter earnings per share of $1.33, with adjusted earnings of $1.62, reflecting a 13% increase from Q1 2021. Organic sales grew 10%, exceeding guidance, with total sales reaching $4.8 billion. Segment margins hit 18.8%, a record high. The company raised its full-year organic growth guidance from 7-9% to 9-11%.
Significant order increases were noted, with Electrical orders up 30% and Aerospace orders rising 35% on a rolling 12-month basis.
Eaton has announced its acquisition of a 50% stake in Jiangsu Huineng Electric Co., Ltd., a Chinese manufacturer specializing in low-voltage circuit breakers. This strategic move aims to enhance Eaton's presence in the fast-growing Chinese market, focusing on sectors like renewable energy and grid modernization. With Huineng's $35 million revenue in 2021, the partnership is anticipated to leverage Eaton's global channels and expertise. The acquisition is subject to regulatory approvals and expected to finalize in Q3 2022.
The Board of Directors of Eaton (NYSE:ETN) declared a quarterly dividend of $0.81 per share, payable on May 27, 2022, to shareholders of record by May 13, 2022. Eaton has consistently paid dividends since 1923. In 2021, the company reported revenues of $19.6 billion, reflecting its strong market presence in over 170 countries. Eaton focuses on sustainable power management, leveraging global trends in electrification and digitalization to drive renewable energy initiatives.
Rand Capital Corporation (NASDAQ: RAND) announced the election of Cari Jaroslawsky to its Board of Directors, succeeding Allen F. Grum, whose term expired. With this appointment, the board now consists of five members, four of whom are independent. Robert M. Zak, Chair of the Board, highlighted Jaroslawsky's extensive operations and finance expertise as beneficial for the company's growth and investment initiatives. Jaroslawsky has over 25 years of experience in aerospace engineering and finance, currently serving at Eaton (NYSE: ETN) and previously as CFO at Servotronics.
Eaton (NYSE:ETN) will announce its first quarter 2022 earnings on May 3, 2022, before the NYSE opens. A conference call will take place at 11 a.m. Eastern time on the same day to discuss the earnings results with analysts and investors. The call will be available via a live webcast on Eaton's website. Founded in 1911, Eaton reported $19.6 billion in revenues for 2021 and operates in over 170 countries. The company focuses on power management and sustainability, addressing global electrification and digitalization trends.
Eaton has been awarded the 2021 Supplier of the Year by General Motors (GM) at its 30th annual awards ceremony in Phoenix, Arizona. This recognition highlights Eaton's commitment to innovative technologies and high-quality service, which have strengthened its 60-year partnership with GM. Out of 134 suppliers from 16 countries, Eaton excelled in performance criteria. The award underscores GM's focus on sustainability and collaboration within the industry.
Eaton has appointed
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