Eaton Stock Price, News & Analysis

Eaton Corporation reported a solid fourth quarter for 2021, with earnings per share of $1.37, and record adjusted earnings per share at $1.72, reflecting a 19% increase over Q4 2020. Total sales reached $4.8 billion, marking a 2% rise, propelled by 6% organic growth. Segment margins peaked at 19.3%, a 190-basis point improvement year-over-year. For the full year, adjusted earnings per share hit $6.62, up 35% from 2020. For 2022, Eaton anticipates adjusted EPS between $7.30 and $7.70, indicating continued growth.

Power management company Eaton (NYSE:ETN) has appointed Kurt McMaken as the new senior vice president of operations finance and finance transformation. McMaken will oversee the Global Operations and Transformation organization, focusing on financial planning, analysis, and technology enhancements. Reporting to CFO Tom Okray, he brings a wealth of experience from previous leadership roles within Eaton since 2001. Eaton aims to improve quality of life and the environment through sustainable power management solutions, boasting $17.9 billion in revenues and approximately 87,000 employees globally.

Eaton Cummins Automated Transmission Technologies has unveiled its new Endurant XD series, featuring Endurant XD and XD Pro models designed for high-performance automated transmissions in both on-highway and severe-duty applications. Production will commence in Q3 2022, with truck manufacturers to announce availability later. The series includes advanced technology for efficiency, such as a Precision Lubrication system, offering up to 2% better fuel economy. The XD Pro model supports heavier applications with a maximum torque rating of 2,050 lb.-ft. and includes innovative features for challenging driving conditions.

Eaton (NYSE:ETN) will announce its fourth quarter 2021 earnings on February 4, 2022, before the NYSE opens. A conference call will occur at 11 a.m. Eastern time to discuss the earnings results with analysts and investors. The call will be available via a live webcast on www.eaton.com, with a replay and news release also accessible on the site. In 2020, Eaton reported $17.9 billion in revenues, serving customers in over 175 countries with around 87,000 employees.

Eaton (NYSE:ETN) has finalized its acquisition of Royal Power Solutions for $600 million, approximately 13.6 times the company’s estimated 2022 EBITDA. This strategic move positions Eaton to leverage electrification trends in high-growth markets, enhancing its capabilities in eMobility and energy management sectors. Royal Power Solutions employs around 450 staff and operates facilities in Illinois and Mexico. This acquisition aims to bolster Eaton's growth in mobility and electrical businesses, reflecting its commitment to power management solutions.

Eaton, in collaboration with the U.S. Army Engineer Research and Development Center, demonstrated a microgrid at Fort Hood’s Robert Gray Army Airfield, showcasing its ability to function independently from the utility grid. Supported by grants from the U.S. Department of Defense, this microgrid optimizes sustainable power use without activating backup generators during testing. The advanced microgrid controller enhances operational resilience, crucial for military readiness. Eaton's 2020 revenues were $17.9 billion, with a focus on sustainable power management solutions across 175 countries.

Eaton has partnered with the University of Toledo to secure a grant from the U.S. Army Engineer Research and Development Center for the "Intelligent and Resilient Infrastructure" program. The initiative aims to enhance the resilience of U.S. infrastructure by utilizing large format additive manufacturing technologies to produce high-strength parts efficiently. Key focus areas include metal additive manufacturing and embedded sensing for predictive maintenance. This project reflects the commitment to modernizing aging infrastructure, supported by insights from leading research institutions.