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 awarded the 2021 Supplier of the Year by General Motors (GM) at its 30th annual awards ceremony in Phoenix, Arizona. This recognition highlights Eaton's commitment to innovative technologies and high-quality service, which have strengthened its 60-year partnership with GM. Out of 134 suppliers from 16 countries, Eaton excelled in performance criteria. The award underscores GM's focus on sustainability and collaboration within the industry.
Eaton has appointed Heath Monesmith as the new president and COO of the Electrical Sector, effective July 5, 2022. Monesmith succeeds Uday Yadav, who is leaving to pursue other opportunities after 22 years with Eaton. Paulo Ruiz will take over Monesmith's previous role in the Industrial Sector. Arnold praised both Monesmith and Ruiz for their leadership skills and experience. Eaton reported revenues of $19.6 billion in 2021, serving customers in over 170 countries.
Graham Corporation (NYSE: GHM) announces the appointment of Cari L. Jaroslawsky and Troy A. Stoner to its Board of Directors. This follows the voluntary retirements of James J. Malvaso and Gerard T. Mazurkiewicz. Jonathan W. Painter has been named as the new Chair of the Board. Jaroslawsky and Stoner bring extensive experience in the defense industry, enhancing the Board's expertise. The changes aim to support Graham’s transition from an energy-focused business to a diversified defense company, with expectations of driving growth and value for shareholders.
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Eaton, a power management company, announces participation of CEO Craig Arnold in the BofA Securities Global Industrials Conference on March 15 at 4:30 p.m. GMT in London. Arnold will engage in a fireside chat and address investor questions. A live webcast will be accessible on Eaton's Investor Relations website, with a replay available after the event. Eaton reported $19.6 billion in revenue for 2021 and is committed to sustainable power management, serving customers in over 170 countries.
Eaton (NYSE: ETN) has declared a quarterly dividend of $0.81 per share, marking a 7% increase from the previous dividend. This dividend will be payable on March 31, 2022, to shareholders on record by March 11, 2022. Eaton has maintained a consistent dividend payment history since 1923, reflecting its commitment to shareholder return.
In 2021, Eaton reported revenues of $19.6 billion, serving customers globally in over 170 countries.
Eaton (NYSE:ETN) will host its virtual annual investor conference on Tuesday, March 1, from 9 a.m. to 12 p.m. Eastern time. The meeting aims to discuss the company’s business prospects with securities analysts and institutional investors. Presenters will include Craig Arnold, Tom Okray, Harold Jones, Uday Yadav, and Heath Monesmith. The conference will be available via live webcast, with a replay also accessible on Eaton’s website. The company reported revenues of $19.6 billion in 2021 and operates in over 170 countries.
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.
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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.