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Eaton Corporation PLC (ETN.N)

ETN.N on New York Stock Exchange

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23 May 2017
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Latest Key Developments (Source: Significant Developments)

Eaton, Cummins announce joint venture
Monday, 10 Apr 2017 09:00am EDT 

Cummins Inc : Eaton and cummins Inc announce joint venture for automated transmissions for heavy- and medium-duty commercial vehicles . Under terms of agreement, Eaton will receive $600 million in cash from Cummins for 50 percent interest in joint venture. . Cummins and Eaton will each own 50 percent of new joint venture .Cummins will consolidate joint venture results as part of its components business segment.  Full Article

Eaton increases dividend by five percent
Wednesday, 22 Feb 2017 09:00am EST 

Eaton Corporation Plc : Eaton increases dividend by five percent .Sets quarterly dividend of $0.60per share.  Full Article

Eaton reports Q4 operating earnings per share $1.12
Thursday, 2 Feb 2017 06:30am EST 

Eaton Corporation Plc - : Eaton reports fourth quarter net income and operating earnings per share of $1.12 . Q4 sales $4.9 billion versus I/B/E/S view $4.91 billion . Eaton Corporation Plc says Q4 sales decrease consisted of 3 percent from a decline in organic sales and 1 percent from negative currency translation . Sees Q1 2017 operating earnings per share $0.80 to $0.90 . Sees FY 2017 operating earnings per share $4.30 to $4.60 . Q4 operating earnings per share $1.12 . "Guidance is based on flat organic revenue and negative currency translation of $300 million" . Eaton Corporation Plc says had $90 million of restructuring costs in q4, making full-year 2016 restructuring costs a total of $211 million . Anticipate net income and operating earnings per share for Q1 of 2017 to be between $0.80 and $0.90 . Eaton Corporation Plc says "have not factored any of proposals of new U.S. Administration into our guidance for year" . fy2017 earnings per share view $4.37, revenue view $19.75 billion -- Thomson Reuters I/B/E/S .Eaton Corporation Plc says expect NAFTA class 8 production in 2017 to be flat and global light vehicle markets to show modest growth.  Full Article

Eaton Q2 operating earnings per share $1.07
Tuesday, 2 Aug 2016 06:30am EDT 

Eaton Corporation Plc : Eaton reports second quarter net income and operating earnings per share of $1.07, above midpoint of guidance . Q2 sales $5.1 billion versus i/b/e/s view $5.06 billion . Q2 operating earnings per share $1.07 . Q2 earnings per share view $1.07 -- Thomson Reuters I/B/E/S . Sees Q3 2016 operating earnings per share $1.10 to $1.20 . Continue to expect a decline in organic revenue in 2016 of between 2 and 4 percent . Now estimate impact of negative currency translation to be $225 million, $25 million higher than our previous estimate for FY 2016 . Restructuring program proceeding as planned . For full-year 2016, now planning to spend $145 million in restructuring costs, $5 million more than previous guidance . Continue to expect that restructuring program will deliver $174 million of incremental profit in 2016 compared to 2015 .Q3 earnings per share view $1.12 -- Thomson Reuters I/B/E/S.  Full Article

Eaton Corp PLC declares quarterly dividend
Tuesday, 26 Apr 2016 10:45am EDT 

Eaton Corp PLC:Declared a quarterly dividend of $0.57 per ordinary share.Dividend is payable May 20 to shareholders of record date as on May 6.  Full Article

Eaton Corp PLC increases dividend by four percent
Wednesday, 24 Feb 2016 08:30am EST 

Eaton Corp PLC:Declared a four percent increase in the quarterly dividend from $0.55 per ordinary share to $0.57 per ordinary share.Dividend is payable March 18 to shareholders of record date as on March 7.  Full Article

Eaton Corp PLC gives FY 2016 guidance and Q1 2016 EPS guidance
Wednesday, 3 Feb 2016 06:31am EST 

Eaton Corp PLC:Expects Q1 2016 operating earnings per share to be between $0.80 and $0.90 per share.Anticipates FY 2016 organic revenues to decline between 2 and 4 percent, reflecting a continuation of sluggish markets around the world.Estimates FY 2016 operating earnings per share to be between $4.15 and $4.45 per share.  Full Article

Eaton Corp PLC declares quarterly dividend
Tuesday, 27 Oct 2015 12:01pm EDT 

Eaton Corp PLC:Declares quarterly dividend of $0.55 per ordinary share.Payable Nov. 20 to shareholders of record at close of business on Nov. 9.  Full Article

Eaton Corp PLC updates Q3 2015 guidance
Monday, 19 Oct 2015 05:00pm EDT 

Eaton Corp PLC:Says revenues for Q3 2015 came in below the revenue forecast that had been used to prepare Q3 2015 guidance.In total, Q3 2015 revenues were lower by approximately $300 million, of which the shortfall in organic revenues was $240 million.As a result of the lower revenue, operating earnings per share for Q3 2015 are expected to be between $0.95 and $1.00.Q3 2015 revenue of $5.39 billion and EPS of $1.02 - Thomson Reuters I/B/E/S.  Full Article

Eaton Corp PLC gives FY 2015 EPS guidance
Wednesday, 29 Jul 2015 06:30am EDT 

Eaton Corp PLC:Gives FY 2015 operating earnings per share to between $4.40 and $4.60.  Full Article

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BRIEF-Eaton, Cummins announce joint venture

* Eaton and cummins Inc announce joint venture for automated transmissions for heavy- and medium-duty commercial vehicles