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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, has been included in the FTSE4Good Index Series for the fifth consecutive year. This index evaluates companies based on their environmental, social, and governance (ESG) practices, serving as a benchmark for responsible investments. Senior VP Yan Jin emphasized Eaton's dedication to sustainability and ESG initiatives aimed at enhancing stakeholder quality of life. In 2020, Eaton generated revenues of $17.9 billion and operates in over 175 countries with approximately 85,000 employees.
Power management company Eaton Corporation plc reported a record adjusted earnings per share of $1.72 for Q2 2021, up 98% year-over-year. Total sales reached $5.2 billion, a 35% increase from Q2 2020, with organic sales growing by 27%. The company achieved a segment margin of 18.6%, a 390 basis point improvement from the previous year. Operating cash flow was $637 million, exceeding expectations, while free cash flow stood at $484 million. Eaton anticipates adjusted earnings per share for 2021 to range between $6.58 and $6.88.
Eaton (NYSE:ETN) has finalized the sale of its Hydraulics business to Danfoss A/S. This business generated $1.8 billion in sales for 2020 and was recognized as a leader in hydraulics components and services. The chairman and CEO, Craig Arnold, emphasized that this sale is pivotal in Eaton’s ongoing transformation into a higher growth company with consistent earnings. Following this transaction, Eaton will focus on its four core businesses: Aerospace, Electrical, eMobility, and Vehicle, with the majority of profits stemming from Electrical and Aerospace.
The Board of Directors of power management company Eaton (NYSE:ETN) declared a quarterly dividend of $0.76 per ordinary share. This dividend is payable on August 27, 2021, to shareholders of record as of August 13, 2021. Eaton has consistently paid dividends since 1923. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries with approximately 96,000 employees, providing sustainable power management solutions.
Power management company Eaton (NYSE:ETN) has received approval from the U.S. District Court for the District of Columbia for the sale of its Hydraulics business to Danfoss A/S. With all regulatory approvals secured, Eaton anticipates closing the transaction on August 2, 2021. The sale is part of Eaton's strategy to enhance its power management technologies and services, expected to improve operational efficiency. In 2020, the company reported revenues of $17.9 billion and operates in over 175 countries with approximately 96,000 employees.
Power management company Eaton (NYSE:ETN) will report its second quarter 2021 earnings on August 3, 2021, before the NYSE opens. A conference call to discuss the results will take place at 11 a.m. Eastern time that day. The call will be accessible via a live webcast on Eaton's website, where the call replay and news release will also be available. In 2020, Eaton generated $17.9 billion in revenue, serving customers in over 175 countries with approximately 96,000 employees.
Eaton (NYSE:ETN) announces milestones in the sale of its Hydraulics business to Danfoss A/S. The DOJ filed a proposed settlement that addresses concerns regarding the acquisition, mandating the sale of select assets to Interpump Group S.p.A. The sale is not a prerequisite for closing the transaction with Danfoss. Additionally, the European Commission has approved Interpump as a buyer for these assets. Eaton anticipates closing the transaction in the coming weeks and appreciates the regulators' consideration of the deal.
Power management company Eaton (NYSE:ETN) has acquired a 50 percent stake in Jiangsu YiNeng Electric’s busway business, which reported sales of $60 million in 2020. This acquisition is expected to enhance Eaton's power distribution and quality offerings in the Asia-Pacific region. Howard Liu, Eaton’s president for the Asia-Pacific Region, highlighted the strategic significance of combining YiNeng's local capabilities with Eaton's extensive portfolio, aiming to create tailored solutions for various industrial segments.
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