Investor Presentaiton
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100 years of creating
value for our stakeholders,
for society
To our shareholders:
This year marks an extraordinary milestone in Eaton's history: the
100th anniversary of our listing on the New York Stock Exchange
(NYSE). Of the 2,400 companies currently being traded on the
NYSE, only 32 have been listed for 100 consecutive years or more.
We'd like to take this moment to reflect on Eaton's progress
since first becoming a public company, and to consider how our
progress over the years reflects our resiliency and ability to adapt
to a rapidly changing world. While much about Eaton has changed
over the last 100 years, our values have remained the same. And
at the center of those values lies our relentless focus on serving
our customers.
Sustaining this focus over the past century has required that
we reinvent ourselves time and again, driven by our customers'
need for technologies and solutions that solve the world's
most urgent power management challenges. Over time, we've
created value for our shareholders, customers, communities and
employees and made good on the broader promise we've made
to society: to improve the environment and the quality of life for
people everywhere.
Our latest transformation is our most significant yet. With $13
billion in capital expenditures and investments in R&D, and more
than $20 billion in acquisitions over the past decade, we're a
profoundly different company than we were 10 years ago. Today,
we're a global intelligent power management company delivering
faster growth and higher margins, and better earnings consistency.
In a dramatic shift from our vehicle beginnings, approximately
90% of our profits now come from our Electrical and Aerospace
businesses. And we're the company we are today because of the
confidence that you, our shareholders, continue to show in our
management team.
While we're proud of our history and all we've achieved, the best
days for our company are still to come. We're only now beginning
to realize the benefits that powerful global trends will have on our
company: energy transition, the electrification of the economy and
digitalization will drive growth in our markets for years to come.
In 2022, we remained committed to the formula that has
led to our success: doing business right, focusing on our
customers, investing in differentiated technology, delivering
high-quality products, and serving all our stakeholders. When
we get this right, our shareholders are rewarded and continue
to invest in us.
Some of our most notable accomplishments in the year follow.
EATON 2022 Annual Report
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