Eaton Corporation is an American multinational provider of power management solutions, based in Dublin, Ireland.
The company is publicly listed on the New York Stock Exchange (NYSE) under the stock ticker symbol ‘ETN’.
Eaton Corporation sells its products to customers in over 175 countries.
Its mission is “to provide safe, reliable, efficient and sustainable power management solutions for our global customers.”
Eaton’s products and services line includes:
Electrical – circuit breakers, vacuum breakers, surge protection devices, power distribution assemblies, motor starters, engineering systems and diagnostic and support services, metering systems, operator interface hardware, power management software, and uninterruptible power systems.
Hydraulics – hydraulic systems and components for use in mobile and industrial applications. This segment of the company also includes Eaton’s Golf Grip, Filtration, and Airflex industrial clutch and brake businesses.
Aerospace – fuel systems, propulsion sub-systems, hydraulic systems, motion control systems and cockpit interface and circuit protection applications.
Vehicle – manual and automated truck transmissions and clutches, hybrid powertrain systems, traction control systems, anti-lock braking, vehicle diagnostics, automotive fluid connectors, cylinder head modules, superchargers, and engine valves and lifters.
Despite having its corporate head office in Ireland, the company’s operational headquarters are located in Ohio, USA.
Eaton was founded in 1911 by Joseph O. Eaton and his brother-in-law Henning O. Taube and Viggo V. Torbensen under the name Torbensen Gear and Axle Co. It initially focused on manufacturing its patented internal-gear truck axle. In 1932 the company was more diversified and it changed its name to Eaton Manufacturing Company.
- Chairman and CEO: Alexander M. Cutler
- CFO: Richard H. Fearon
- Type: Public
- Industry: Power Management Solutions
- Traded as NYSE:ETN
- S&P 500 Component
- Revenue: $22.046 billion USD (2013)
- Net income: $1.873 billion USD (2013)
- Diluted earnings per share: $3.90 USD (2013)
- Founded: 1911
- Founder(s): Joseph O. Eaton, Henning O. Taube and Viggo V. Torbensen
- Employees: 101,000 (2013)
- Corporate headquarters: 25-26 Fitzwilliam Hall, Fitzwilliam Place Dublin 2, Ireland
- Corporate contact number: +1 888.328.6647
- Website: http://www.eaton.com/
|Operating data (in $ millions)||2013||2012|
|Cost of products sold||$15,369||$11,448|
|Selling and administrative costs||$3,886||$2,894|
|Research and development||$644||$439|
|Income before income taxes||$1,884||$1,251|
|Income tax expense||$11||$31|
|Net income attributable to Eaton shareholders||$1,861||$1,217|
|Comprehensive income attributable to Eaton shareholders||$2,265||$1,217|
|Balance sheet data (in $ millions)|
|Total Eaton shareholders’ equity||$16,791||$15,113|
|Cash flow data (in $ millions)|
|Net cash provided by operating activities||$2,285||$1,664|
|Net cash used in investing activities||$(202)||$(6,972)|
|Net cash provided by (used in) financing activities||$(1,736)||$5,480|
|Cash and cash equivalents at end of period||$915||$577|
|Common share data (in $)|
|Basic earnings (loss) per ordinary share||$3.93||$3.54|
|Diluted earnings (loss) per ordinary share||$3.90||$3.46|