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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, announced that Harold Jones, executive vice president, will join the Morgan Stanley Sustainable Futures Conference on June 9 at 2 p.m. Eastern time. During the event, he will discuss Eaton's sustainability strategy and progress towards its ESG goals. A live webcast will be accessible on Eaton’s Investor Relations website, with a replay available afterwards. In 2020, Eaton generated $17.9 billion in revenue, serving customers in over 175 countries and employing approximately 94,000 individuals.
Eaton (NYSE:ETN) has successfully completed the acquisition of Cobham Mission Systems, a prominent manufacturer specializing in air-to-air refueling systems and environmental systems for defense markets. With around 2,000 employees and manufacturing sites in both the U.S. and U.K., this strategic acquisition enhances Eaton's aerospace portfolio, aiming for increased growth and profitability. Eaton aims to deliver sustainable power management solutions globally, maintaining a strong financial performance with 2020 revenues of $17.9 billion.
Eaton was recognized for the 14th consecutive year as one of the 100 Best Corporate Citizens by 3BL Media, highlighting its commitment to environmental, social, and corporate governance (ESG) practices. The ranking evaluates 146 ESG factors across various categories including climate change, governance, and human rights. Eaton, which reported revenues of $17.9 billion in 2020 and operates in over 175 countries, emphasizes the importance of ESG performance in its corporate culture.
Power management company Eaton (NYSE:ETN) announced that its Chairman and CEO, Craig Arnold, will participate in the Goldman Sachs Industrials and Materials Conference on Thursday, May 13 at 1 p.m. Eastern time. Arnold will discuss Eaton’s first quarter financial performance, strategy, and growth outlook in a fireside chat. A live webcast will be available on the Investor Relations website, with a replay to follow. Eaton generated $17.9 billion in revenues in 2020 and operates in over 175 countries, employing approximately 92,000 people.
Eaton Corporation plc (NYSE:ETN) reported a Q1 2021 earnings per share of $1.14, achieving a record adjusted EPS of $1.44, a 15% increase YoY. Sales were $4.7 billion, down 2% from Q1 2020, with divestitures impacting results. Segment margins reached a record 17.7%, up 190 basis points. Operating cash flow was $260 million, with adjusted free cash flow at $341 million, a 62% increase. Acquisitions of Tripp Lite and Green Motion were closed, while the Hydraulics sale to Danfoss is set for Q2 2021. Adjusted EPS for 2021 is projected between $5.90 and $6.30, a 24% increase from 2020.
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.
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