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Eaton Corporation PLC (ETN.N)

ETN.N on New York Stock Exchange

121.90USD
27 Nov 2020
Change (% chg)

$-0.29 (-0.24%)
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$122.19
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$121.29
Volume
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421,347
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$123.66
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Latest Key Developments (Source: Significant Developments)

Australia's ACCC Says Will Not Oppose Danfoss' Proposed Acquisition Of Eaton's Hydraulics Business
Thursday, 15 Oct 2020 

Oct 15 (Reuters) - AUSTRALIA'S ACCC: :AUSTRALIA'S ACCC SAYS WILL NOT OPPOSE DANFOSS A/S’S PROPOSED ACQUISITION OF EATON CORP'S HYDRAULICS BUSINESS.  Full Article

Eaton Corp Says Q2 Sales Fell 30%
Wednesday, 29 Jul 2020 

July 29 (Reuters) - Eaton Corporation PLC ::Q2 OPERATING PROFIT FELL 24 PERCENT TO 178 MILLION USD.Q2 SALES FELL 30 PERCENT TO 3.9 BILLION USD.Q2 EPS 0.13 USD.QTRLY ORGANIC SALES WERE DOWN 22 PERCENT.EXPECT RESTRUCTURING PROGRAM TO DELIVER MATURE YEAR BENEFITS OF $200 MILLION WHEN FULLY IMPLEMENTED IN 2023..2020 FULL YEAR FREE CASH FLOW GUIDANCE REAFFIRMED AT $2.3 BILLION TO $2.7 BILLION.ADJUSTED EARNINGS PER SHARE OF $0.70 FOR Q2 EXCLUDING CHARGES.  Full Article

Eaton says Took Action To Reduce Q3 Base Salaries Of Craig Arnold And All Other Officers By About 23% And 8% Respectively
Thursday, 23 Jul 2020 

July 23 (Reuters) - Eaton Corporation PLC ::EATON CORP- TOOK ACTION TO REDUCE Q3 BASE SALARIES OF CRAIG ARNOLD, CHAIRMAN AND CEO, AND ALL OTHER OFFICERS BY ABOUT 23% AND 8% RESPECTIVELY.EATON CORPORATION PLC - THE REDUCTIONS WILL HAVE RETROACTIVE EFFECT TO JULY 1, 2020..EATON CORPORATION PLC - ON JULY 22, BOARD TOOK ACTION TO REDUCE Q2 CASH RETAINER FOR ALL NON-EMPLOYEE DIRECTORS BY 25% TO $28,125.  Full Article

Eaton Corporation Q1 EPS $1.07
Thursday, 30 Apr 2020 

April 30 (Reuters) - Eaton Corporation PLC ::Q1 OPERATING PROFIT FELL 8 PERCENT TO 308 MILLION USD.Q1 SALES FELL 10 PERCENT TO 4.8 BILLION USD.Q1 EPS 1.07 USD.2020 FULL YEAR FREE CASH FLOW EXPECTED TO BE BETWEEN $2.3 BILLION AND $2.7 BILLION.WITHDRAWING OUR FULL YEAR 2020 ADJUSTED EARNINGS PER SHARE GUIDANCE.2020 FULL YEAR FREE CASH FLOW EXPECTED TO BE BETWEEN $2.3 BILLION AND $2.7 BILLION.QTRLY ORGANIC SALES WERE DOWN 7 PERCENT, INCLUDING A REDUCTION OF 4 PERCENT FROM IMPACT OF COVID-19 PANDEMIC.QTRLY ADJUSTED EARNINGS PER SHARE WERE $1.09.ENDED Q1 WITH ONLY $330 MILLION OF COMMERCIAL PAPER OUTSTANDING, AND OUR UNDRAWN BANK FACILITY HAS $2 BILLION OF CAPACITY.WITH ONLY A SMALL TERM DEBT MATURITY IN 2020, LATE IN Q4, OUR LIQUIDITY REMAINS QUITE STRONG.WE EXPECT HYDRAULICS SALE TO CLOSE BY END OF YEAR, WHICH WILL BE ANOTHER SOURCE OF SUBSTANTIAL LIQUIDITY.REDUCTION IN GLOBAL GROWTH AND ECONOMIC UNCERTAINTY WILL HAVE A SIGNIFICANT IMPACT ON OUR OUTLOOK FOR Q2 AND REST OF YEAR.  Full Article

Eaton Corporation Q4 Earnings Per Share $1.09
Tuesday, 4 Feb 2020 

Feb 4 (Reuters) - Eaton Corporation PLC ::Q4 EARNINGS PER SHARE $1.09 .Q4 EARNINGS PER SHARE EXCLUDING CHARGES $1.46 .EXPECT 2020 ADJUSTED EARNINGS PER SHARE TO BE BETWEEN $5.60 AND $5.90.ANTICIPATE ADJUSTED EARNINGS PER SHARE FOR Q1 OF 2020 TO BE BETWEEN $1.16 AND $1.26.EXPECT 2020 ORGANIC REVENUES TO BE BETWEEN DOWN 1 PERCENT AND UP 1 PERCENT.Q4 EARNINGS PER SHARE VIEW $1.41 -- REFINITIV IBES DATA.FY2020 EARNINGS PER SHARE VIEW $5.74, REVENUE VIEW $20.28 BILLION -- REFINITIV IBES DATA.SALES IN Q4 2019 WERE $5.2 BILLION, DOWN 4 PERCENT.Q1 EARNINGS PER SHARE VIEW $1.20 -- REFINITIV IBES DATA.QTRLY ORGANIC SALES WERE DOWN 4 PERCENT.DURING Q4, RECORDED A PRE-TAX CHARGE OF $50 MILLION FOR EXPECTED WARRANTY COSTS IN VEHICLE SEGMENT.  Full Article

Eaton To Acquire Power Distribution
Monday, 3 Feb 2020 

Feb 3 (Reuters) - Eaton Corporation PLC ::EATON TO ACQUIRE POWER DISTRIBUTION, INC., EXPANDING DATA CENTER POWER DISTRIBUTION AND MONITORING SOLUTIONS.EATON CORPORATION PLC - TERMS OF TRANSACTION HAVE NOT BEEN DISCLOSED..  Full Article

Transdigm Group Posts Q4 EPS Of $4.08
Tuesday, 19 Nov 2019 

Nov 19 (Reuters) - Transdigm Group Inc ::TRANSDIGM GROUP REPORTS FISCAL 2019 FOURTH QUARTER AND YEAR-END RESULTS.Q4 ADJUSTED EARNINGS PER SHARE $5.62.Q4 EARNINGS PER SHARE $4.08 FROM CONTINUING OPERATIONS.Q4 SALES $1.541 BILLION VERSUS REFINITIV IBES ESTIMATE OF $1.61 BILLION.Q4 EARNINGS PER SHARE ESTIMATE $5.31 -- REFINITIV IBES DATA.SEES FY 2020 ADJUSTED EARNINGS PER SHARE $19.80 TO $21.20.SEES FY 2020 EARNINGS PER SHARE $16.30 TO $17.70 FROM CONTINUING OPERATIONS.SEES FY 2020 SALES $6.175 BILLION TO $6.325 BILLION.ESTERLINE ACQUISITION CONTINUES TO TRACK AHEAD OF CO'S EXPECTATIONS.FY2020 EARNINGS PER SHARE VIEW $21.25, REVENUE VIEW $6.34 BILLION -- REFINITIV IBES DATA.  Full Article

Eaton defeats appeal in shareholder class action related to post-merger divestment
Wednesday, 6 Nov 2019 

Nov 6 (Reuters) - u.s. Appeals court in manhattan upholds dismissal of proposed class action accusing eaton corp of misleading shareholders about the possibility eaton might divest its vehicle business after cooper industries merger -- ruling:.  Full Article

Eaton Reaches Agreement To Sell Its Lighting Business
Wednesday, 16 Oct 2019 

Oct 15 (Reuters) - Eaton Corporation PLC ::EATON REACHES AGREEMENT TO SELL ITS LIGHTING BUSINESS.EATON CORPORATION PLC - DEAL FOR $1.4 BILLION.EATON CORPORATION PLC - LIGHTING BUSINESS HAD SALES OF $1.7 BILLION IN 2018.EATON CORPORATION PLC - ENTERED INTO AN AGREEMENT TO SELL ITS LIGHTING BUSINESS TO SIGNIFY N.V. FOR CASH.  Full Article

Eaton Corporation PLC - Declared A Quarterly Dividend Of $0.71 Per Ordinary Share
Tuesday, 23 Jul 2019 

Eaton Corporation PLC ::EATON CORPORATION PLC - DECLARED A QUARTERLY DIVIDEND OF $0.71 PER ORDINARY SHARE.  Full Article

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EU to investigate Eaton's $3.3 billion sale of hydraulics unit to Danfoss

BRUSSELS EU antitrust regulators opened an investigation on Monday into power management company Eaton's $3.3 billion sale of its hydraulics business to Danish industrial company Danfoss, saying the deal may reduce competition.