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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.
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.
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.
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