Eaton Stock Price, News & Analysis

The Board of Directors of power management company Eaton (NYSE:ETN) has declared a quarterly dividend of $0.76 per share, payable on November 30, 2021, to shareholders of record by November 12, 2021. This marks a continued commitment to returning value to shareholders, with Eaton having paid dividends annually since 1923. In 2020, Eaton reported revenues of $17.9 billion and operates in over 175 countries, employing around 85,000 individuals.

Eaton (NYSE: ETN) will announce its third quarter 2021 earnings on November 2, 2021, before market opening. A conference call is scheduled for 11 a.m. Eastern time to discuss the earnings results with analysts and investors. The event will be accessible via a live webcast on Eaton's website. In 2020, Eaton generated revenues of $17.9 billion and operates in over 175 countries with approximately 85,000 employees.

Eaton (NYSE:ETN) announced that Aravind Yarlagadda, Executive Vice President and Chief Digital Officer, will participate in the BofA Securities 2021 Industrial Software & Automation Summit on Thursday, September 23, at 1 p.m. Eastern time. Mr. Yarlagadda will discuss the company's digital innovation strategy, highlighting the Brightlayer digital foundation that supports Eaton's transformation into an intelligent power management company. A live webcast will be accessible on Eaton's Investor Relations website.

Power management company Eaton (NYSE:ETN) announced that its Chairman and CEO, Craig Arnold, will participate in the Morgan Stanley Virtual 9th Annual Laguna Conference on September 15 at 9 a.m. Eastern time. Mr. Arnold will engage in a fireside chat, addressing investor questions. A live webcast will be hosted on the company’s Investor Relations website, with a replay available afterward. In 2020, Eaton generated $17.9 billion in revenue and operates in over 175 countries, employing approximately 85,000 individuals.

Eaton has appointed Christina Bosserd as senior vice president of Internal Audit, effective October 1. She succeeds Jack Matejka, who is retiring on September 30 after 32 years with the company. Bosserd, who has been with Eaton for 17 years, will report to chief financial officer Tom Okray and join the senior leadership team. Okray praised her leadership skills and noted Matejka's significant contributions to the finance function. Eaton reported $17.9 billion in revenues for 2020 and operates in over 175 countries.

A Nevada jury awarded $15.6 million to John Wagner, an electrician diagnosed with mesothelioma, due to exposure to asbestos in components manufactured by Eaton Corp (ETN). Wagner, who worked in the electrical field for over 50 years, was unaware that the materials he handled contained asbestos. The jury found Eaton liable for failing to disclose this harmful information, which compromised Wagner's ability to take necessary precautions. The trial was led by Dean Omar Branham Shirley LLP, which represented Wagner and his family in this significant case.

Eaton, a power management company, has been included in the FTSE4Good Index Series for the fifth consecutive year. This index evaluates companies based on their environmental, social, and governance (ESG) practices, serving as a benchmark for responsible investments. Senior VP Yan Jin emphasized Eaton's dedication to sustainability and ESG initiatives aimed at enhancing stakeholder quality of life. In 2020, Eaton generated revenues of $17.9 billion and operates in over 175 countries with approximately 85,000 employees.

Power management company Eaton Corporation plc reported a record adjusted earnings per share of $1.72 for Q2 2021, up 98% year-over-year. Total sales reached $5.2 billion, a 35% increase from Q2 2020, with organic sales growing by 27%. The company achieved a segment margin of 18.6%, a 390 basis point improvement from the previous year. Operating cash flow was $637 million, exceeding expectations, while free cash flow stood at $484 million. Eaton anticipates adjusted earnings per share for 2021 to range between $6.58 and $6.88.