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 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.
Power management company Eaton (NYSE:ETN) will report its second quarter 2021 earnings on August 3, 2021, before the NYSE opens. A conference call to discuss the results will take place at 11 a.m. Eastern time that day. The call will be accessible via a live webcast on Eaton's website, where the call replay and news release will also be available. In 2020, Eaton generated $17.9 billion in revenue, serving customers in over 175 countries with approximately 96,000 employees.
Eaton (NYSE:ETN) announces milestones in the sale of its Hydraulics business to Danfoss A/S. The DOJ filed a proposed settlement that addresses concerns regarding the acquisition, mandating the sale of select assets to Interpump Group S.p.A. The sale is not a prerequisite for closing the transaction with Danfoss. Additionally, the European Commission has approved Interpump as a buyer for these assets. Eaton anticipates closing the transaction in the coming weeks and appreciates the regulators' consideration of the deal.
Summary not available.
Summary not available.
Power management company Eaton (NYSE:ETN) has acquired a 50 percent stake in Jiangsu YiNeng Electric’s busway business, which reported sales of $60 million in 2020. This acquisition is expected to enhance Eaton's power distribution and quality offerings in the Asia-Pacific region. Howard Liu, Eaton’s president for the Asia-Pacific Region, highlighted the strategic significance of combining YiNeng's local capabilities with Eaton's extensive portfolio, aiming to create tailored solutions for various industrial segments.
Eaton, a power management company, announced that Harold Jones, executive vice president, will join the Morgan Stanley Sustainable Futures Conference on June 9 at 2 p.m. Eastern time. During the event, he will discuss Eaton's sustainability strategy and progress towards its ESG goals. A live webcast will be accessible on Eaton’s Investor Relations website, with a replay available afterwards. In 2020, Eaton generated $17.9 billion in revenue, serving customers in over 175 countries and employing approximately 94,000 individuals.
Eaton (NYSE:ETN) has successfully completed the acquisition of Cobham Mission Systems, a prominent manufacturer specializing in air-to-air refueling systems and environmental systems for defense markets. With around 2,000 employees and manufacturing sites in both the U.S. and U.K., this strategic acquisition enhances Eaton's aerospace portfolio, aiming for increased growth and profitability. Eaton aims to deliver sustainable power management solutions globally, maintaining a strong financial performance with 2020 revenues of $17.9 billion.
Eaton was recognized for the 14th consecutive year as one of the 100 Best Corporate Citizens by 3BL Media, highlighting its commitment to environmental, social, and corporate governance (ESG) practices. The ranking evaluates 146 ESG factors across various categories including climate change, governance, and human rights. Eaton, which reported revenues of $17.9 billion in 2020 and operates in over 175 countries, emphasizes the importance of ESG performance in its corporate culture.
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.