Eaton Corporation plc reports developments for an intelligent power management company serving data center, utility, industrial, commercial, institutional, machine building, residential, aerospace and mobility markets. Recurring updates cover earnings, orders, backlog, segment performance, dividends and capital allocation, with particular attention to Electrical Americas, Electrical Global, Aerospace and Mobility activities.
Company news also includes product and portfolio actions tied to electrification and digitalization. Eaton updates include data center power and cooling infrastructure, medium-voltage switchgear, grid-to-chip systems, aerospace aftermarket service agreements, residential electrification partnerships and completed acquisitions such as Boyd Thermal, which added liquid-cooling and thermal-management capabilities to the Electrical Global segment.
Eaton has been recognized on FORTUNE's World's Most Admired Companies list for the eighth consecutive year. Chairman and CEO Craig Arnold attributes this achievement to the company's values-based culture and their role in addressing global power challenges, particularly in electrification and renewable energy transition.
The recognition is based on comprehensive surveys and peer ratings from industry executives, directors, and financial experts, who evaluate companies across nine criteria including investment value, management quality, social responsibility, and talent attraction.
As an intelligent power management company, Eaton serves diverse markets including data centers, utilities, industrial, commercial, aerospace, and mobility sectors. With revenues of nearly $25 billion in 2024, the company operates in over 160 countries, focusing on sustainable business practices and helping customers manage power efficiently. Since its founding in 1911, Eaton has continuously adapted to meet stakeholder needs while advancing the global transition to renewable energy sources.
Eaton (NYSE:ETN) reported record fourth quarter 2024 results with earnings per share of $2.45, up 4% year-over-year, and adjusted EPS of $2.83, up 11%. The company achieved record fourth quarter sales of $6.2 billion, up 5% from 2023, with organic sales growth of 6%.
Notable achievements include record segment margins of 24.7%, representing a 190-basis point improvement, and strong backlog growth of 27% in Electrical and 16% in Aerospace segments. For full year 2024, Eaton posted record sales of $24.9 billion with 8% organic growth and record adjusted EPS of $10.80, up 18%.
Looking ahead to 2025, Eaton expects organic growth of 7-9%, with earnings per share guidance between $10.60-$11.00 and adjusted EPS of $11.80-$12.20, representing increases of 14% and 11% at midpoint, respectively.
Eaton (ETN) has been recognized among the top 10 of Resilinc's Top 30 Most Resilient Suppliers to the high-tech industry for the third consecutive year. The company earned this distinction for its exceptional supply chain resilience and risk management capabilities.
According to Rick Freeman, Resilinc's Directory of Advisory Services, Eaton's high performance is attributed to their transparency, collaboration, sub-tier supply chain mapping, and proactive risk mitigation. The company demonstrated strong capabilities in quickly responding to disruptions, maintaining supply continuity, and providing multi-tier supply chain intelligence.
The ranking was determined from an analysis of over 140,000 suppliers in the High-Tech, Electronics, Telecom, and Semiconductor supply chain, with quarterly updated metrics. Eaton's strong performance includes having backup sites and business continuity plans for accelerated recovery time. The company reported revenues of $23.2 billion in 2023 and serves customers in more than 160 countries.
Eaton (NYSE:ETN), an intelligent power management company, has scheduled its fourth quarter 2024 earnings announcement for January 31, 2025, before the NYSE opening. The company will host a conference call at 11 a.m. Eastern time to discuss the results with analysts and institutional investors.
A live webcast will be accessible through Eaton's website, where the call replay and news release will also be available. The company, founded in 1911 and NYSE-listed for over a century, reported revenues of $23.2 billion in 2023 and serves customers in more than 160 countries. Eaton focuses on power management solutions across various markets including data center, utility, industrial, commercial, aerospace, and mobility sectors.
Eaton (ETN) has secured a $20M contract to support the construction of NY CREATES' new NanoFab Reflection semiconductor research facility at its Albany NanoTech Complex. The facility will feature a 50,000 square-foot cleanroom dedicated to semiconductor R&D, with completion expected in 2026.
The project is partially funded by New York State, NY CREATES, industry partners, and the $52 billion U.S. CHIPS & Science Act. Eaton will provide low- and medium-voltage switchgear and implement its Brightlayer electrical power monitoring system across the complex. The facility will support next-generation nanotechnology research and house the CHIPS for America EUV Accelerator.
The expanded complex will strengthen NY CREATES' integrated ecosystem, supporting partners including IBM, Applied Materials, Tokyo Electron, ASML, and Lam Research. Eaton reported revenues of $23.2 billion in 2023.
Eaton is showcasing its AbleEdge home energy management system at CES 2025, demonstrating vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities that enable electric vehicle batteries to power homes during outages. The system can provide 10-20 hours of home power using EV batteries, addressing the average 5.5 hours of annual power outages in U.S. homes.
The company is collaborating with Treehouse for installations and Munich Electrification for battery configuration switch development. The AbleEdge system allows interoperability with various distributed energy resources (DERs) while minimizing infrastructure upgrades. Eaton reported revenues of $23.2 billion in 2023 and operates in over 160 countries.
The technology will be demonstrated at CES 2025 booth 10341 and at Eaton's Pittsburgh Experience Center, featuring panel discussions on AI, energy infrastructure, and automotive cybersecurity.
Eaton is showcasing its AbleEdge home energy management system at CES 2025, demonstrating vehicle-to-home (V2H) and vehicle-to-grid (V2G) capabilities that enable electric vehicle batteries to power homes during outages. The system can provide 10-20 hours of home power using EV batteries, addressing the average 5.5 hours of annual power outages in U.S. homes.
The company is collaborating with automotive OEMs, energy storage, and solar providers to create interoperable solutions. Through partnership with Treehouse, Eaton is streamlining installations and avoiding costly electrical panel upgrades. The company has also partnered with Munich Electrification to develop a battery configuration switch for enhanced EV charging flexibility.
Eaton reported revenues of $23.2 billion in 2023 and serves customers in over 160 countries. The company will demonstrate its solutions at CES 2025 booth 10341 and its Pittsburgh Experience Center.
Eaton will showcase its power management solutions at CES 2025 in Las Vegas, demonstrating technologies for homes, vehicles, buildings, factories, and data centers. The company will present innovations in several key areas: smart homes integration, transportation electrification, sustainable commercial buildings, EV charging infrastructure, factory automation, and data center efficiency.
The event will feature guest appearances by Jimmy DiResta, a renowned maker community figure, who will unveil a special project and sign autographs on January 7-8. Additionally, Eaton experts will participate in panel discussions covering AI transformation, future energy infrastructure, and automotive cybersecurity.
Eaton (NYSE:ETN) has announced leadership changes in its legal department. Lucy Clark Dougherty will become general counsel on January 27, 2025, and will succeed Taras "Terry" Szmagala Jr. as executive vice president and chief legal officer upon his retirement on April 4, 2025. Dougherty joins from Polaris, where she served as senior vice president, general counsel and secretary. She previously held roles at General Motors and the U.S. Department of Homeland Security.
The company reported revenues of $23.2 billion in 2023 and operates in more than 160 countries, focusing on intelligent power management solutions across various markets including data center, utility, industrial, and aerospace sectors.
Eaton highlights opportunities for healthcare decarbonization through energy transition, digitalization, and evolving regulations. The healthcare industry accounts for 8.5% of U.S. emissions, surpassing both residential and commercial sectors. Eaton is developing a microgrid for a California medical center expected to reduce energy costs by 20% and emissions by 25%.
The company emphasizes digital technologies' role in power management optimization, including sensors, AI models, and digital twins. A recent EPA study showed that each dollar saved through better energy performance equals up to $20 in new revenues for non-profit healthcare organizations. The March 2023 CMS waiver now allows healthcare facilities to use alternative emergency power sources, enabling more sustainable solutions like microgrids and solar power.