Eaton Stock Price, News & Analysis

Eaton (ETN) has been selected to modernize the electrical infrastructure of Miami's Metromover transit system, which served over 6.5 million riders in 2023. The project, supported by Infrastructure Investment and Jobs Act funding, is part of Miami-Dade County's $153 million initiative to expand and upgrade its automated train network. Eaton will supply low-voltage air replacement circuit breakers and motor control components to modernize 21 aging electrical substations. The project is expected to be completed by early 2025.

Eaton (NYSE:ETN), an intelligent power management company, has announced the election of Andre Schulten to its Board of Directors, effective October 22, 2024. Schulten, currently the chief financial officer of The Procter & Gamble Company (P&G), brings extensive experience in finance, accounting, and global business management to Eaton's board.

Schulten's career at P&G spans nearly three decades, during which he has held various leadership roles across different regions and business segments. His expertise includes product portfolio strategy, implementing new business models, and supply chain redesign. Notably, he led the systems and IT integration for P&G's global Gillette acquisition.

Eaton's Chairman and CEO, Craig Arnold, expressed confidence in Schulten's ability to contribute valuable insights to the board, citing his experience as a public company CFO and his track record in leading global enterprises.

Eaton (NYSE:ETN), an intelligent power management company, has declared a quarterly dividend of $0.94 per ordinary share. The dividend is payable on November 22, 2024, to shareholders of record at the close of business on November 4, 2024. Eaton has consistently paid dividends on its shares every year since 1923.

The company, founded in 1911, focuses on protecting the environment and improving quality of life through its products for various markets including data centers, utilities, industrial, commercial, aerospace, and mobility. Eaton is committed to sustainable business practices and helping customers manage power efficiently. The company reported revenues of $23.2 billion in 2023 and serves customers in over 160 countries.

Eaton (NYSE:ETN), an intelligent power management company, has announced the appointment of A.D. Naik as senior vice president, FP&A and finance transformation, effective October 23, 2024. Naik will lead the company's global financial planning & analysis and finance transformation strategy, reporting to Olivier Leonetti, executive vice president and chief financial officer. He will also join Eaton's senior leadership team.

Naik currently serves as senior vice president, finance, Electrical Sector at Eaton. His previous roles include vice president, controller, Electrical Sector, and vice president, finance & planning, Vehicle Group. Before joining Eaton, Naik held positions at Precision Castparts Corp. and Avery Dennison Corp. He holds a bachelor's degree from Miami University in Ohio and an MBA from the University of Southern California.

Eaton (NYSE:ETN), an intelligent power management company, has announced it will release its third quarter 2024 earnings on Thursday, October 31, 2024, before the New York Stock Exchange opens. The company will host a conference call at 11 a.m. Eastern time to discuss the results with analysts and investors. A live webcast of the call will be available on Eaton's website.

Eaton, founded in 1911, focuses on protecting the environment and improving quality of life through products for various markets including data centers, utilities, and aerospace. The company reported revenues of $23.2 billion in 2023 and serves customers in over 160 countries. Eaton is committed to sustainable business practices and is working towards accelerating the transition to renewable energy sources.

Eaton, an intelligent power management company, has announced a collaboration with Lunar Energy to enhance home energy storage and solar systems. The partnership will integrate Eaton's new AbleEdge smart breakers with the Lunar System, simplifying installation and maximizing functionality for homeowners and installers. Key points include:

1. Joint solutions expected to be available in early 2025
2. Eaton becomes Lunar Energy's preferred supplier for load management
3. AbleEdge smart breakers add load management to Lunar System in new and retrofit projects
4. Lunar's application will control both companies' technologies
5. Collaboration aligns with Eaton's Home as a Grid strategy
6. Partnership aims to streamline solar and energy storage deployments

Eaton, an intelligent power management company, has announced a collaboration with Lunar Energy to enhance home energy storage and solar systems. The integration of Eaton's new AbleEdge smart breakers with the Lunar System will simplify installation and optimize functionality for homeowners and installers. Key points include:

1. Joint solutions expected to be available in early 2025
2. Eaton named as Lunar Energy's preferred supplier for load management
3. AbleEdge smart breakers add load management to the Lunar System
4. Compatibility with Lunar's mobile app for easier installation and management
5. Aligns with Eaton's 'Home as a Grid' strategy for flexible power systems
6. Aims to streamline solar and energy storage deployments

The collaboration focuses on creating modular and scalable solutions for both retrofits and new homes, supporting the transition to renewable energy sources.

Eaton and SIA Engineering Company (SIAEC) unveiled the logo for their joint venture, Eaton Aerospace Component Services Asia Sdn. Bhd. (EAS), at MRO Asia-Pacific. The new logo represents the branding as 'Eaton Aero Services'. This follows the groundbreaking of EAS's new facility in Shah Alam, Selangor, Malaysia, on 23 September 2024.

EAS will specialize in inspecting, testing, repairing, maintaining, modifying and overhauling Eaton-manufactured aircraft components. The facility is expected to be fully operational within 18 months, contributing to the local economy and strengthening the region's position as an MRO hub.

The Malaysian Investment Development Authority (MIDA) applauded this partnership as an important landmark for Malaysia's aerospace industry. Both Eaton and SIAEC representatives expressed their commitment to offering best-in-class MRO services to customers in the Asia-Pacific region.

Eaton has been awarded the 2024 'International Energy Project of the Year' by the Association of Energy Engineers (AEE) for developing Puerto Rico's largest clean energy microgrid at its Arecibo manufacturing plant. The project, built in collaboration with Enel North America, is expected to generate over 9,000 megawatts of renewable power annually, incorporating 5 megawatts of solar PV panels and 1.1 MW of battery storage.

The microgrid enables the facility to operate using 55% renewable energy, reducing yearly emissions by approximately 7,100 metric tons. It's designed to withstand Category 5 hurricane-force winds, enhancing energy resilience. Following this success, Eaton and Enel are developing a second microgrid at Eaton's Las Piedras facility in Puerto Rico.

Eaton's senior global energy manager, Richard Gorzé, will be named an AEE Fellow Member for his contributions to the energy industry. The company will showcase its sustainable infrastructure strategies at the upcoming Reuters Industrial Decarbonization North America 2024 event in Pittsburgh.