This morning, Eaton Corp. chairman and CEO Craig Arnold stood alongside his senior leadership team and rang in the new market day from New York Stock Exchange’s pearly balcony — literally. 🔔
The Cleveland-based company was given the distinction of ringing the market’s famous bell in celebration of 100 years on the NYSE. Eaton is one of only 32 companies that can claim this achievement.
To date, more than 91,000 are employed by Eaton across 170 countries. In 2022, Eaton earned about $20.8 billion in revenues, roughly 90% of which derive from aerospace and electrical enterprises. 🔌
Adaptability appears to be one of the key factors to Eaton’s success. Joseph Eaton and Viggo Torbensen started the corporation as Torbensen Gear and Axle Co. in 1911. As the name suggests, the company focused on truck axles in anticipation of an automotive future. It would find its way to Cleveland in 1915 after spending four years in Bloomfield, New Jersey. 🚚
Today, Eaton’s market ranges from vehicle ...
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