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.
Power management company Eaton (NYSE:ETN) announced that its Chairman and CEO, Craig Arnold, will participate in the Goldman Sachs Industrials and Materials Conference on Thursday, May 13 at 1 p.m. Eastern time. Arnold will discuss Eaton’s first quarter financial performance, strategy, and growth outlook in a fireside chat. A live webcast will be available on the Investor Relations website, with a replay to follow. Eaton generated $17.9 billion in revenues in 2020 and operates in over 175 countries, employing approximately 92,000 people.
Eaton Corporation plc (NYSE:ETN) reported a Q1 2021 earnings per share of $1.14, achieving a record adjusted EPS of $1.44, a 15% increase YoY. Sales were $4.7 billion, down 2% from Q1 2020, with divestitures impacting results. Segment margins reached a record 17.7%, up 190 basis points. Operating cash flow was $260 million, with adjusted free cash flow at $341 million, a 62% increase. Acquisitions of Tripp Lite and Green Motion were closed, while the Hydraulics sale to Danfoss is set for Q2 2021. Adjusted EPS for 2021 is projected between $5.90 and $6.30, a 24% increase from 2020.
Power management company Eaton (NYSE:ETN) announced the election of Darryl Wilson and Robert Pragada to its Board of Directors effective April 28, 2021. Wilson, founder of The Wilson Collective, brings over 25 years of experience from General Electric, while Pragada is the COO of Jacobs Engineering Group, overseeing global operations. These appointments enhance Eaton's diversity, with two-thirds of the board being women or U.S. minorities. They succeed Michael J. Critelli and Richard H. Fearon, who retired due to age limits. Eaton's 2020 revenues were $17.9 billion, reflecting its strong market position.
The Board of Directors of power management company Eaton (NYSE:ETN) has declared a quarterly dividend of $0.76 per ordinary share, payable on May 28 to shareholders of record as of May 14. Eaton has maintained a consistent dividend payment since 1923. The company reported $17.9 billion in revenues in 2020 and serves customers in over 175 countries with approximately 92,000 employees, focusing on sustainable power management solutions.
Eaton (NYSE:ETN) has signed an agreement to acquire a 50% stake in Jiangsu YiNeng Electric's busway business, which had sales of $60 million in 2020. The strategic partnership aims to leverage YiNeng's strong presence in China alongside Eaton's extensive product portfolio, enhancing their offerings in the high-growth busway sector. The deal is expected to close in Q3 2021, pending regulatory approvals. Post-acquisition, the business will operate as Eaton Busway Jiangsu, further cementing Eaton's footprint in the Asia-Pacific electrical market.
Power management company Eaton (NYSE:ETN) will announce its first quarter 2021 earnings on May 4, 2021, before NYSE opening. A conference call is scheduled at 11 a.m. Eastern to discuss the results with analysts and investors. The call will be available through a live webcast on Eaton's website, where a replay and news release will also be accessible. In 2020, Eaton reported revenues of $17.9 billion, serving customers in over 175 countries with a workforce of approximately 92,000 employees.
Eaton (NYSE:ETN) has finalized the acquisition of a 50% stake in HuanYu High Tech, enhancing its position in low-voltage electrical components in Asia. This strategic partnership with HuanYu Group, a prominent Chinese manufacturer, aims to synergize Eaton’s global scale with HuanYu’s established product portfolio, targeting growth in Southeast Asia's evolving market. The collaboration seeks to leverage HuanYu's manufacturing capabilities and Eaton's extensive distribution network to penetrate various industries, paving the way for future revenue expansion.
Eaton and Tenneco announced a joint development agreement to create an integrated exhaust thermal management system aimed at helping vehicle manufacturers meet new emission regulations. The upcoming Euro 7 standards in Europe and similar U.S. regulations will necessitate significant reductions in tailpipe emissions. This collaboration will combine Tenneco's Cold Start Thermal Unit and Eaton's TVS blower technology, enhancing the efficiency of emission control systems. Production is expected to begin in 2025, with strong interest from global manufacturers already evident.
Power management company Eaton (NYSE:ETN) has announced the acquisition of Green Motion SA, a Swiss leader in electric vehicle charging hardware and software. This move aligns with Eaton's strategy to capitalize on the growing energy transition and electric vehicle infrastructure market.
Uday Yadav, Eaton’s president, emphasized the significant growth expected in charging infrastructure over the next decade. The integration of Green Motion’s charger designs and advanced power management software is anticipated to enhance Eaton’s existing energy solutions and product offerings.
Eaton has finalized its acquisition of Tripp Lite, enhancing its product offerings in power management solutions. Tripp Lite, based in Chicago, is a top provider of power quality products, including uninterruptible power supply systems and surge protectors, primarily for data centers and industrial markets. President Uday Yadav emphasized the strategic importance of this integration in expanding Eaton's edge computing and UPS business. Eaton, with 2020 revenues of $17.9 billion, operates in over 175 countries, employing around 92,000 people.