Eaton announced investments in its North American manufacturing and operations to support the growing demand for its electrical solutions.
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It's a big week for industrial manufacturer's financial reports. We recap the key figures for six of them here.
Jiangsu Ryan Electrical, a manufacturer of power distribution and sub-transmission transformers, had 2022 revenues of about $100 million.
MDM looks at another round of earnings reports from industrial distributors and manufacturers.
Mike Yelton will succeed Brian Brickhouse as President of Americas Region, Electrical Sector, and Pete Denk will succeed Joao Faria as President of the company's Vehicle Group.
The company reported 2021 fourth-quarter sales of $4.8 billion, up 2% from the same quarter in 2020.
Kurt McMaken is the company’s new senior vice president of operations finance and finance transformation, Eaton says.
In a deal valued at $2.8 billion, Eaton is investing heavily to expand its Aerospace business’s fuel and environmental systems offerings.
Eaton says the addition of the power and connectivity solutions provider will “enhance the breadth of our edge computing and distributed IT product portfolio.”
Eaton says this investment will expand its “range of low-voltage electrical components sold in Asia Pacific.”
Power management giant names Thomas B. Okray as EVP and CFO to replace the retiring Richard H. Fearon.
For the first nine months, sales were $16.2 billion, up slightly over the same period a year ago.
Year-to-date sales increased 0.9 percent year-over-year.
Electrical products sales increased 2% year-over-year.
The deal complements Eatons IEC portfolio and strengthens its business in tailored medium-voltage solutions.
Tim Drakes succeeds Frank Campbell, who retired on March.
Paula Ruiz succeeds Curt Hutchins who will be leading the spin-off of Eatons Lighting business.
The spin-off will create an independent, publicly traded company and is expected to be completed by the end of 2019.
Firm names Mike Gallant senior VP of manufacturing, industrial sector.
