United States. Eaton celebrated the centennial of its listing on the New York Stock Exchange (NYSE) by ringing the opening bell on Tuesday, March 7.
President and CEO Craig Arnold was joined by members of Eaton's senior leadership team to commemorate this historic milestone.
"We are honored to celebrate the longevity of our company on the New York Stock Exchange," said Arnold.
"This milestone reflects Eaton's enduring ability to adapt to a changing world and meet the needs of all our stakeholders: our shareholders, customers, communities and our colleagues."
Since its founding in 1911 as a U.S.-based truck axle company, Eaton has reinvented itself time and time again.
Over the decades, the company diversified into a supplier of components for cars and trucks, then expanded as a diversified industrial manufacturing company through acquisitions such as Cutler-Hammer, Westinghouse's distribution and control business, and Aeroquip-Vickers.
These acquisitions formed the basis of its electrical business and enhanced the company's presence in the aerospace market. The company subsequently refocused on energy management and energy efficiency through the acquisitions of Powerware, Moeller Group and Cooper Industries and, most recently, Souriau-Sunbank and Tripp Lite.
Today, Eaton is a global smart energy management company with operations in 170 countries, more than 91,000 employees and $20.8 billion in revenue by 2022, with approximately 90% of revenue coming from its aerospace and electrical businesses.
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