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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 has partnered with the University of Toledo to secure a grant from the U.S. Army Engineer Research and Development Center for the "Intelligent and Resilient Infrastructure" program. The initiative aims to enhance the resilience of U.S. infrastructure by utilizing large format additive manufacturing technologies to produce high-strength parts efficiently. Key focus areas include metal additive manufacturing and embedded sensing for predictive maintenance. This project reflects the commitment to modernizing aging infrastructure, supported by insights from leading research institutions.
Eaton Corporation plc (NYSE:ETN) reported a third quarter earnings per share (EPS) of $1.57, with an adjusted EPS record of $1.75, a 30% increase from the same quarter in 2020. Sales reached $4.9 billion, a 9% rise year-over-year, driven by organic growth and acquisitions. Segment margins hit 19.9%, a record high. Operating cash flow stood at $471 million, increasing to $750 million when excluding taxes from a divestiture. The company forecasts organic growth of 9-11% for the year, down from 11-13%, due to ongoing supply constraints.
The Board of Directors of power management company Eaton (NYSE:ETN) has declared a quarterly dividend of
Eaton (NYSE: ETN) will announce its third quarter 2021 earnings on November 2, 2021, before market opening. A conference call is scheduled for 11 a.m. Eastern time to discuss the earnings results with analysts and investors. The event will be accessible via a live webcast on Eaton's website. In 2020, Eaton generated revenues of $17.9 billion and operates in over 175 countries with approximately 85,000 employees.
Eaton (NYSE:ETN) announced that Aravind Yarlagadda, Executive Vice President and Chief Digital Officer, will participate in the BofA Securities 2021 Industrial Software & Automation Summit on Thursday, September 23, at 1 p.m. Eastern time. Mr. Yarlagadda will discuss the company's digital innovation strategy, highlighting the Brightlayer digital foundation that supports Eaton's transformation into an intelligent power management company. A live webcast will be accessible on Eaton's Investor Relations website.
Power management company Eaton (NYSE:ETN) announced that its Chairman and CEO, Craig Arnold, will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15 at 9 a.m. Eastern time. Mr. Arnold will engage in a fireside chat, addressing investor questions. A live webcast will be hosted on the company’s Investor Relations website, with a replay available afterward. In 2020, Eaton generated $17.9 billion in revenue and operates in over 175 countries, employing approximately 85,000 individuals.
Eaton has appointed Christina Bosserd as senior vice president of Internal Audit, effective October 1. She succeeds Jack Matejka, who is retiring on September 30 after 32 years with the company. Bosserd, who has been with Eaton for 17 years, will report to chief financial officer Tom Okray and join the senior leadership team. Okray praised her leadership skills and noted Matejka's significant contributions to the finance function. Eaton reported $17.9 billion in revenues for 2020 and operates in over 175 countries.
A Nevada jury awarded $15.6 million to John Wagner, an electrician diagnosed with mesothelioma, due to exposure to asbestos in components manufactured by Eaton Corp (ETN). Wagner, who worked in the electrical field for over 50 years, was unaware that the materials he handled contained asbestos. The jury found Eaton liable for failing to disclose this harmful information, which compromised Wagner's ability to take necessary precautions. The trial was led by Dean Omar Branham Shirley LLP, which represented Wagner and his family in this significant case.
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