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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 inaugurated a new 65,000 square-foot manufacturing facility in Santiago de los Caballeros, Dominican Republic. This $10 million project is part of Eaton's $750 million investment in North American manufacturing, aimed at increasing the supply of Bussmann series fuses used in EVs, renewable energy systems, data centers, and industrial applications. The new site will create 300 skilled jobs and is Eaton's fifth facility in the Dominican Republic. Eaton aims to meet the growing demand for intelligent power management solutions, contributing to the global shift towards renewable energy. In 2023, the company reported revenues of $23.2 billion and serves customers in over 160 countries.
Eaton is supporting Endurant Energy in deploying 10 battery storage projects in New York City, with a total capacity exceeding 150MWh. These clean energy projects aim to enhance power reliability and grid strength, providing load relief during peak demand. Eaton's assistance includes system design, power studies, and equipment provision for safe grid interconnection, promoting a more sustainable and resilient electric future in NYC.
Eaton highlighted its commitment to cybersecurity training at the White House Cyber Workforce event, showcasing efforts to strengthen the talent pipeline with education programs and investments in manufacturing. The company collaborates with universities, contributes to cybersecurity research, and ensures product safety standards. The press release emphasizes the growing need for skilled cybersecurity professionals and Eaton's proactive approach to addressing this demand.
Eaton plc (NYSE:ETN) reported record first quarter results in 2024. Earnings per share were $2.04, with a 28% increase over 2023. Sales reached $5.9 billion, up 8% organically. Segment margins were 23.1%, a first quarter record. Full year guidance was raised for organic growth, segment margins, and earnings per share. The company anticipates strong growth in Electrical and Aerospace segments.
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