Eaton rings the opening bell of the New York Stock Exchange to celebrate the centenary of the company's listing

Create Date: 2024-8-30 12:03:23|Source: Eaton/Eaton

Eaton Corporation rang the opening bell on the New York Stock Exchange on March 7, 2023, Eastern Time, United States to celebrate the centenary of the company's listing. Craig Arnold, Chairman and CEO of Eaton, and his leadership team witnessed this historic moment.

"I am honored to witness and celebrate Eaton's longevity on the NYSE and in the global business community," said Locke, "This milestone is a testament to our resilience and resilience, as well as our ability to serve our shareholders, customers, communities and employees." ”

Founded in 1911, Eaton has grown from a United States truck bearing company to a diversified supplier of automotive and truck parts through continuous innovation and mergers and acquisitions, and then through the acquisition of power distribution and control businesses including Cutler-Hammer, Westinghouse, and Aeroquip-Vickers. Further expansion into a diversified industrial manufacturing company. This series of acquisitions has laid the cornerstone for the rapid growth of Eaton's electrical business and strengthened the company's position in the aerospace market. Since then, Eaton has refocused on power management and energy efficiency through the acquisitions of Powerware, the Moeller Group, Cooper Industries and, more recently, Souriau-Sunbank and Tripp Lite.
Eaton rings the opening bell of the New York Stock Exchange to celebrate the centenary of the company's listing
Today, Eaton has grown into a global intelligent power management company with operations in 170 countries and more than 91,000 employees, with revenue of $20.8 billion in 2022 and about 90% of its profits coming from its aerospace and electrical businesses.

"I am proud that Eaton's employees have forged a culture of excellence and achieved extraordinary results," said Locke. The energy transition, electrification and digitalization are megatrends that are reshaping today's society, driving new market demands and creating new hyper-growth cycles, so I firmly believe that Eaton has a bright future ahead and the best of times are ahead. ”

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