Welcome to our dedicated page for Eaton news (Ticker: ETN), a resource for investors and traders seeking the latest updates and insights on Eaton stock.
Eaton Corporation plc (ETN) delivers intelligent power management technologies for global energy challenges. This news hub provides investors and industry professionals with official announcements and strategic updates from the NYSE-listed multinational.
Access curated press releases covering electrification initiatives, energy transition partnerships, and infrastructure solutions. Our repository includes updates on product innovations, sustainability programs, and operational milestones across Eaton's industrial, residential, and mobility markets.
Key content categories feature earnings disclosures, leadership changes, technology deployments, and regulatory compliance developments. All materials are sourced directly from Eaton's corporate communications to ensure accuracy and timeliness.
Bookmark this page for streamlined tracking of ETN's progress in advancing grid resilience, EV charging infrastructure, and renewable energy integration. Check regularly for updates shaping the future of power management systems worldwide.
Eaton Corporation plc (NYSE:ETN) reported second quarter 2022 earnings per share of $1.50, with a record adjusted EPS of $1.87, up 9% from Q2 2021. Sales reached $5.2 billion, with 11% organic growth. Segment margins hit 20.1%, reflecting a 150 basis point increase year-over-year. The company raised its full-year organic growth guidance from 9-11% to 11-13%, anticipating Q3 organic growth of 13-15%. Strong order growth, particularly in Electrical and Aerospace, indicates robust demand and a record backlog, up 25% in Electrical and 19% in Aerospace.
The Board of Directors of Eaton has declared a quarterly dividend of $0.81 per ordinary share, payable on August 26, 2022, to shareholders of record on August 12, 2022. Eaton has a long history of paying dividends, having done so annually since 1923. The company, with reported revenues of $19.6 billion in 2021, focuses on intelligent power management and sustainability, aligning with global trends of electrification and digitalization.
Eaton (NYSE:ETN) will announce its second quarter 2022 earnings on August 2, 2022, prior to the NYSE opening. A conference call will take place at 11 a.m. Eastern time to discuss the results with analysts. This call will be accessible via a live webcast on Eaton's website. The company, a leader in intelligent power management, reported $19.6 billion in revenues for 2021 and serves customers in over 170 countries. The focus on electrification and digitalization aims to transition toward renewable energy solutions.
Eaton (NYSE:ETN) has finalized the acquisition of a 50% stake in Jiangsu Huineng Electric Co., Ltd., a Chinese manufacturer of low-voltage circuit breakers. This acquisition is a significant step in Eaton’s growth strategy, allowing them to access high-growth markets such as renewable energy and grid modernization. Huineng, established in 2007, is known for its products used broadly in wind, solar, and power plants. This partnership is expected to leverage Eaton's global distribution to enhance its market presence in Asia-Pacific and beyond.
Eaton (NYSE:ETN) has appointed Taras 'Terry' Szmagala Jr. as executive vice president and chief legal officer. He will advise the executive management and Board of Directors while leading the global Legal organization. Szmagala has held various senior roles since joining Eaton in 2007. Nancy Berardinelli-Krantz has been named senior vice president and deputy chief legal officer, continuing her leadership of the legal teams for the Electrical and Industrial Sectors.
Eaton reported revenues of $19.6 billion in 2021, serving clients in over 170 countries.
Power management company Eaton (NYSE:ETN) has been recognized as one of the 100 Best Corporate Citizens for the 15th consecutive year by 3BL Media. This accolade highlights Eaton's strong environmental, social, and governance (ESG) performance among Russell 1000 companies. Chief Sustainability Officer Harold Jones commended the progress toward ESG objectives. The ranking assesses 155 ESG factors across eight pillars. Eaton's commitment to sustainability includes various reports, showcasing its dedication to improving quality of life and environmental stewardship.
Eaton (NYSE:ETN) announced that Chief Financial Officer Tom Okray will participate in the Goldman Sachs Industrials and Materials Conference on May 12 at 8:50 a.m. Eastern time. This virtual fireside chat will allow Okray to answer investor questions. A live webcast will be available on Eaton's Investor Relations website, with a replay to follow. Eaton specializes in power management and reported revenues of $19.6 billion in 2021, serving customers in over 170 countries.
Eaton Corporation reported record first quarter earnings per share of $1.33, with adjusted earnings of $1.62, reflecting a 13% increase from Q1 2021. Organic sales grew 10%, exceeding guidance, with total sales reaching $4.8 billion. Segment margins hit 18.8%, a record high. The company raised its full-year organic growth guidance from 7-9% to 9-11%.
Significant order increases were noted, with Electrical orders up 30% and Aerospace orders rising 35% on a rolling 12-month basis.
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