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Eaton Corporation, plc Ordinary Shares - ETN STOCK NEWS

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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.

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Eaton completes a groundbreaking clean energy project in Puerto Rico, creating the largest clean energy microgrid in the region. The project at its Arecibo facility reduces energy consumption by 45%, cuts emissions by 7,100 metric tons annually, and lowers costs by nearly 20%. The microgrid generates nearly 10 gigawatt-hours of renewable energy annually, incorporating solar PV, battery storage, and onsite generators. The initiative aligns with Puerto Rico's energy transformation goals and Eaton's broader sustainability targets, aiming for a 50% reduction in carbon emissions by 2030.
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Eaton and Enel North America collaborate to create the largest clean energy microgrid in Puerto Rico at Eaton's Arecibo facility. The project drives a 45% reduction in energy consumption, cuts emissions by 7,100 metric tons annually, and reduces costs by nearly 20%. The microgrid system incorporates 5 MWac solar PV, 1.1 MW of battery storage, and existing onsite generators, showcasing Eaton's commitment to sustainability and energy resilience.
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Eaton's President, Karina Rigby, highlights the crucial role of data centers in enabling a sustainable future amidst the push for net zero emissions. Despite their eco-unfriendly reputation, data centers are poised to drive economic growth and support the green revolution.
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Eaton introduces an advanced oxygen sensor for Boeing 737 NG / 737 MAX, approved by the FAA, offering increased accuracy and an extended warranty. The replacement sensor aims to enhance aircraft performance, reliability, and cost savings.
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Eaton, an intelligent power management company, has been recognized as one of the 2024 World’s Most Ethical Companies by Ethisphere for its best-in-class ethics, compliance, and governance practices. With only 136 companies honored globally, Eaton stands out for its commitment to integrity and values.
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Eaton (ETN) declares a quarterly dividend of $0.94 per share, a 9% increase from the previous quarter, payable on March 29, 2024. The company has a long history of paying dividends since 1923 and focuses on intelligent power management solutions for various markets. Eaton aims to drive the transition to renewable energy sources and sustainable power management practices.
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Eaton, an intelligent power management company, has been recognized by CDP for its environmental transparency efforts, maintaining an A- rating in the climate category for the fifth consecutive year. The company's commitment to sustainability and environmental stewardship is highlighted through its participation in CDP's disclosure practices, showcasing its dedication to addressing critical climate issues.
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Eaton, an intelligent power management company, is opening a new assembly plant in Santiago de los Caballeros, Dominican Republic, to meet increasing demand for its fuses. The project aims to boost supplies of Bussmann series fuses critical for electric vehicles, renewable energy, data centers, and industrial applications. Eaton's investment in North American manufacturing has reached nearly $750 million. The company plans to create 300 manufacturing jobs at the new facility, reflecting its commitment to sustainable energy solutions and technological advancements.
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Eaton earns Leadership Level designation from CDP for the fifth consecutive year, maintaining A- rating in climate category. The company continues to excel in environmental transparency and commitment to addressing critical climate issues.
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Eaton (ETN) embraces Industry 4.0 technology at new and legacy sites in Mexico and China. Smart factories to accelerate digitalization at other Eaton locations. Plans for three additional smart factories by 2024.
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FAQ

What is the current stock price of Eaton Corporation, plc Ordinary Shares (ETN)?

The current stock price of Eaton Corporation, plc Ordinary Shares (ETN) is $377.41 as of November 22, 2024.

What is the market cap of Eaton Corporation, plc Ordinary Shares (ETN)?

The market cap of Eaton Corporation, plc Ordinary Shares (ETN) is approximately 145.3B.

What does Eaton Corporation plc specialize in?

Eaton specializes in power management solutions, offering products and services across electrical, aerospace, vehicle, and eMobility segments.

Where is Eaton Corporation plc headquartered?

Eaton Corporation plc has its global headquarters in Dublin, Ireland, and a secondary administrative center in Beachwood, Ohio, USA.

What were Eaton's sales figures for 2022?

Eaton reported sales of $20.75 billion in 2022.

How long has Eaton Corporation plc been in business?

Eaton was founded in 1911, making it a century-old company with a long history in power management.

What are some recent developments at Eaton Corporation plc?

Recent developments include the opening of new manufacturing facilities in Santiago de los Caballeros, Chile, and Helsinki, Finland, and participation in the BIG LEAP project for energy storage innovation.

What is the BIG LEAP project?

The BIG LEAP project is an EU research initiative aimed at enhancing energy storage efficiency using second-life batteries from electric vehicles, with Eaton playing a key role in its development.

How does Eaton contribute to sustainability?

Eaton focuses on protecting the environment and improving quality of life through sustainable power management solutions, supporting the transition to renewable energy sources.

What are Eaton's main business segments?

Eaton operates through segments including Electrical Americas, Electrical Global, Aerospace, Vehicle, and eMobility.

How can I learn more about Eaton's products and services?

For more information on Eaton's products and services, visit their official website at www.eaton.com.

Where can I follow Eaton Corporation plc on social media?

You can follow Eaton Corporation plc on LinkedIn and other major social media platforms.

Eaton Corporation, plc Ordinary Shares

NYSE:ETN

ETN Rankings

ETN Stock Data

145.35B
394.32M
0.19%
84.55%
0.72%
Specialty Industrial Machinery
Misc Industrial & Commercial Machinery & Equipment
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United States of America
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