Key Developments: Eaton Corporation PLC (ETN)

ETN on New York Consolidated

74.38USD
23 Apr 2014
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Latest Key Developments (Source: Significant Developments)

Eaton Corp PLC declares quarterly dividend
Tuesday, 22 Apr 2014 11:00am EDT 

Eaton Corp PLC:Declares a quarterly dividend of $0.49 per ordinary share.Payment date May 23.Record date MAy 05.  Full Article

Eaton Corp PLC reaffirms FY 2014 EPS guidance - Conference Call
Friday, 28 Feb 2014 08:30am EST 

Eaton Corp PLC:Expects FY 2014 operating EPS range of $4.50 to $4.90.FY 2014 EPS of $4.80 - Thomson Reuters I/B/E/S.  Full Article

Eaton Corp PLC increases dividend by 16.7 pct to $0.49
Wednesday, 26 Feb 2014 08:30am EST 

Eaton Corp PLC:Declared a 16.7 pct increase in quarterly cash dividend from $0.42 per common share to $0.49 per common share.The dividend is to be paid on Mar 21 to shareholders of record at the close of business on Mar 10.  Full Article

Eaton Corp PLC issues FY 2014 EPS guidance in line with analysts' estimates
Tuesday, 4 Feb 2014 06:29am EST 

Eaton Corp PLC:Estimates fiscal 2014, operating earnings per share, which exclude an estimated $168 million of charges to integrate its recent acquisitions, to be between $4.50 and $4.90 per share ( EPS).Fiscal 2014 EPS of $4.88 - Thomson Reuters I/B/E/S.  Full Article

Safran to acquire two businesses from Eaton
Sunday, 19 Jan 2014 07:00pm EST 

Safran SA:Signs a definitive agreement to acquire the Aerospace Power Distribution Management Solutions and the Integrated Cockpit Solutions business of Eaton Corporation Plc.Says the acquisition of the Integrated Cockpit Solutions business allows it to bolster the company's Sagem offering and North-American presence in avionics and flight controls.Says the business generated revenues of more than $100 million and EBITDA in excess of $14 million in 2013.Says the business employs about 350 people at manufacturing facilities in Costa Mesa, California and Sarasota, Florida.Says the cash consideration for the transaction amounts to $270 million (about 200 million euros) of which an enterprise value of $224 million (166 million euros) and future tax savings of $46 million (about 34 million euros).Says the transaction is expected to close in the first half of 2014 and is subject to Eaton Board approval, regulatory approvals and satisfaction of other customary closing conditions.Says following the acquisition, the Aerospace Power Distribution Management Solutions activities will be consolidated within the company's Aircraft Equipment business and the Integrated Cockpit Solutions activities will be consolidated within the Defence business.  Full Article

Eaton Corp PLC gives Q4 2013 EPS guidance below analysts' estimates; lowers high end of prior FY 2013 EPS guidance to a range below analysts' estimates
Friday, 25 Oct 2013 06:30am EDT 

Eaton Corp PLC:Says Q4 2013 operating earnings per share, after excluding an estimated $40 million to integrate recent acquisitions, to be between $1.00 and $1.10.Says based on this Q4 2013 guidance, for all of FY 2013 it is narrowing range for operating earnings per share from between $4.05 and $4.25 to between $4.05 and $4.15.Q4 2013 EPS of $1.11 - Thomson Reuters I/B/E/S Estimates.FY 2013 EPS of $4.16 - Thomson Reuters I/B/E/S Estimates.  Full Article

Eaton Corp PLC Declares Quarterly Dividend
Tuesday, 22 Oct 2013 11:30am EDT 

Eaton Corp PLC announced that it has declared a quarterly dividend of $0.42 per ordinary share payable November 22, 2013 to shareholders of record at the close of business on November 4, 2013. Eaton has paid a dividend every year since 1923.  Full Article

Eaton Corp PLC Issues Q3 2013 EPS Guidance Below Analysts' Estimates; Lowers High End Of Prior FY 2013 EPS Guidance
Friday, 2 Aug 2013 06:30am EDT 

Eaton Corp PLC announced that for third quarter of 2013, it expects operating earnings per share (EPS), which exclude an estimated $64 million of charges to integrate recent acquisitions, to be between $1.05 and $1.15. The Company is reducing the top end of guidance range for fiscal 2013 operating earnings per share by $0.20, reflecting lower expected market growth during 2013, and the Company also narrowing the guidance range. The Company now expect fiscal 2013 operating earnings per share to be between $4.05 and $4.25, a 2% reduction at the midpoint compared to previous guidance range of between $4.05 and $4.45. Based on the $4.15 midpoint of guidance, operating earnings per share in fiscal 2013 will grow 5%. According to I/B/E/S Estimates, analysts on an average were expecting the Company to report EPS of $1.22 for third quarter of 2013 and EPS of $4.35 for fiscal 2013.  Full Article

Eaton Corp PLC Declares Quarterly Dividend
Wednesday, 24 Jul 2013 08:30am EDT 

Eaton Corp PLC announced that it has declared a quarterly dividend of $0.42 per ordinary share payable August 23, 2013 to shareholders of record at the close of business on August 5, 2013.  Full Article

Eaton Corp PLC Not Selling Auto Parts Business-DJ
Wednesday, 12 Jun 2013 01:17pm EDT 

Dow Jones reported that Eaton Corp PLC said the diversified industrial company has no plans to sell its automotive components business. Bloomberg News reported that Eaton is mulling the sale its auto parts unit, citing unidentified people with knowledge of the matter. The report said the sale would allow the conglomerate to focus more on its electrical products businesses following its acquisition last year of Cooper PLC. Chief Executive Mr. Cutler dismissed the report during remarks at an investor conference in Chicago sponsored by Deutsche Bank.  Full Article

UPDATE 2-Safran hit by defence equipment delays, U.S. weather

* French group still interested in Avio Spazio (Adds analyst, Boeing earnings, GE comparison)

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