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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 has been recognized as one of the World’s Most Admired Companies by FORTUNE magazine for the seventh consecutive year. The company's chairman and CEO, Craig Arnold, expressed gratitude for the acknowledgment and highlighted their commitment to stakeholders and society. FORTUNE's assessment is based on surveys and ratings from industry executives, focusing on criteria such as investment value, quality of management and products, social responsibility, and talent attraction. Eaton, founded in 1911, reported revenues of $23.2 billion in 2023 and operates in over 160 countries.
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Eaton Corporation plc (NYSE:ETN) reported record earnings per share of $2.35 for the fourth quarter of 2023, with sales reaching $6.0 billion, a record and up 11% from the fourth quarter of 2022. Full year 2023 saw record earnings per share of $8.02 with 12% organic growth, and record adjusted earnings per share of $9.12, up 20% over 2022. Adjusted earnings per share for 2024 are expected to be between $9.95 and $10.35, up 11% at midpoint over 2023. The company anticipates organic growth of 6-8% and adjusted earnings per share to be between $2.21 and $2.31 for the first quarter of 2024.
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Eaton (ETN) achieves Certification for the Diversity Lab’s Mansfield Rule: Legal Department (MRLD) Edition 3.0, demonstrating commitment to inclusion and diversity. The company aims to strengthen the diversity of its team by considering historically underrepresented groups for leadership roles and career advancement opportunities.
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Eaton (NYSE: ETN) appoints Olivier Leonetti as the new executive vice president and chief financial officer, succeeding Thomas B. Okray. Leonetti brings extensive experience from Johnson Controls, Zebra Technologies Corporation, and Western Digital Corporation. The company expects strong financial results for the fourth quarter and full year 2023. Leonetti expresses excitement about joining Eaton's leadership team and contributing to the company's growth.
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Eaton Cummins Automated Transmission Technologies announces the availability of its Endurant XD™ series automated transmission in select International® truck models in North America. The 18-speed automated transmissions are designed for high gross combined weight ratings and harsh environments, offering low speed maneuverability, smart shifting decisions, and tailored configurations. The joint venture between Eaton (ETN) and Cummins, Inc. (CMI) aims to deliver capability, efficiency, and uptime for International fleets.
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Eaton (NYSE:ETN) is set to announce its fourth quarter 2023 earnings on February 1, 2024. The company, dedicated to intelligent power management, will host a conference call to discuss the results with analysts and investors. Eaton, founded in 1911, reported revenues of $20.8 billion in 2022 and serves customers in over 170 countries.
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Eaton (ETN) Recognized as Top 10 Most Resilient Supplier to High-Tech Industry by Resilinc
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Eaton Cummins Automated Transmission Technologies (ETN) announces the availability of its Endurant XD™ series automated transmission in select vocational Western Star and Freightliner models, subsidiaries of Daimler Truck North America. The Endurant XD series, part of the Cummins integrated powertrain, is designed for high gross combined weight rating applications, such as heavy-haul and double- and triple-trailer tractors, and heavy-duty vocational trucks operating in harsh environments.
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Eaton (ETN) to provide $15 million in electrical distribution, control solutions, and engineering services for the Miami-Dade Water and Sewer Department's South District Wastewater Treatment Plant expansion. The project will increase the plant's capacity and enable continuous operation during severe weather events.
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Eaton (ETN) announces John Sapp as the new president of Eaton’s Aerospace Group, succeeding Nanda Kumar upon his retirement. Sapp brings extensive experience from Collins Aerospace and GE Aviation, as well as a background as an F-15C fighter pilot in the U.S. Air Force. Eaton, founded in 1911, reported revenues of $20.8 billion in 2022 and serves customers in over 170 countries.
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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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