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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.
Power management company Eaton (NYSE:ETN) announced the election of Darryl Wilson and Robert Pragada to its Board of Directors effective April 28, 2021. Wilson, founder of The Wilson Collective, brings over 25 years of experience from General Electric, while Pragada is the COO of Jacobs Engineering Group, overseeing global operations. These appointments enhance Eaton's diversity, with two-thirds of the board being women or U.S. minorities. They succeed Michael J. Critelli and Richard H. Fearon, who retired due to age limits. Eaton's 2020 revenues were $17.9 billion, reflecting its strong market position.
The Board of Directors of power management company Eaton (NYSE:ETN) has declared a quarterly dividend of $0.76 per ordinary share, payable on May 28 to shareholders of record as of May 14. Eaton has maintained a consistent dividend payment since 1923. The company reported $17.9 billion in revenues in 2020 and serves customers in over 175 countries with approximately 92,000 employees, focusing on sustainable power management solutions.
Eaton (NYSE:ETN) has signed an agreement to acquire a 50% stake in Jiangsu YiNeng Electric's busway business, which had sales of $60 million in 2020. The strategic partnership aims to leverage YiNeng's strong presence in China alongside Eaton's extensive product portfolio, enhancing their offerings in the high-growth busway sector. The deal is expected to close in Q3 2021, pending regulatory approvals. Post-acquisition, the business will operate as Eaton Busway Jiangsu, further cementing Eaton's footprint in the Asia-Pacific electrical market.
Power management company Eaton (NYSE:ETN) will announce its first quarter 2021 earnings on May 4, 2021, before NYSE opening. A conference call is scheduled at 11 a.m. Eastern to discuss the results with analysts and investors. The call will be available through a live webcast on Eaton's website, where a replay and news release will also be accessible. In 2020, Eaton reported revenues of $17.9 billion, serving customers in over 175 countries with a workforce of approximately 92,000 employees.
Eaton (NYSE:ETN) has finalized the acquisition of a 50% stake in HuanYu High Tech, enhancing its position in low-voltage electrical components in Asia. This strategic partnership with HuanYu Group, a prominent Chinese manufacturer, aims to synergize Eaton’s global scale with HuanYu’s established product portfolio, targeting growth in Southeast Asia's evolving market. The collaboration seeks to leverage HuanYu's manufacturing capabilities and Eaton's extensive distribution network to penetrate various industries, paving the way for future revenue expansion.
Eaton and Tenneco announced a joint development agreement to create an integrated exhaust thermal management system aimed at helping vehicle manufacturers meet new emission regulations. The upcoming Euro 7 standards in Europe and similar U.S. regulations will necessitate significant reductions in tailpipe emissions. This collaboration will combine Tenneco's Cold Start Thermal Unit and Eaton's TVS blower technology, enhancing the efficiency of emission control systems. Production is expected to begin in 2025, with strong interest from global manufacturers already evident.
Power management company Eaton (NYSE:ETN) has announced the acquisition of Green Motion SA, a Swiss leader in electric vehicle charging hardware and software. This move aligns with Eaton's strategy to capitalize on the growing energy transition and electric vehicle infrastructure market.
Uday Yadav, Eaton’s president, emphasized the significant growth expected in charging infrastructure over the next decade. The integration of Green Motion’s charger designs and advanced power management software is anticipated to enhance Eaton’s existing energy solutions and product offerings.
Eaton has finalized its acquisition of Tripp Lite, enhancing its product offerings in power management solutions. Tripp Lite, based in Chicago, is a top provider of power quality products, including uninterruptible power supply systems and surge protectors, primarily for data centers and industrial markets. President Uday Yadav emphasized the strategic importance of this integration in expanding Eaton's edge computing and UPS business. Eaton, with 2020 revenues of $17.9 billion, operates in over 175 countries, employing around 92,000 people.
Eaton, a power management company, will have Vice Chairman Rick Fearon and incoming CFO Tom Okray participate in the BofA Global Research Global Industrials Conference on March 17 at 10:50 a.m. ET. A live webcast can be accessed via Eaton's Investor Relations website, with a replay available post-event. Eaton focuses on sustainable power management solutions, generating $17.9 billion in revenue in 2020 and operating in over 175 countries with around 92,000 employees. For more details, visit www.eaton.com.
The Board of Directors of power management company Eaton (NYSE:ETN) declared a quarterly dividend of $0.76 per ordinary share, marking a 4% increase from the previous dividend. This dividend is payable on March 30 to shareholders recorded by the close of business on March 16. Eaton has maintained a yearly dividend payout since 1923, reflecting its commitment to shareholder returns. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries, employing around 92,000 people.
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