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Friday, March 24, 2023

Eaton Corporation Builds on 100 Years of Innovative Ideas to Position Company for Continued Growth

CLEVELAND … Diversified industrial manufacturer Eaton Corporation (NYSE:ETN) this year celebrates its 100th anniversary of providing customers around the world with innovative and sustainable products and systems. Founded as a small axle business in 1911, Eaton has evolved to become a global power management company and a leader in energy-efficient technologies that help its customers use power more safely and effectively.

“Our company has grown and changed considerably during its first 100 years, but we remain dedicated to the spirit of innovation and ideals that inspired Joseph Eaton,” said Alexander M. Cutler, Eaton chairman and chief executive officer. “His investment in a new idea in transportation – the first gear-driven truck axle – established a foundation for growth that we continue to build upon today as a values-based, global company.”

Today Eaton’s four business groups — Electrical, Aerospace, Hydraulics and Vehicle — serve diverse global markets ranging from aviation, agriculture and construction to energy, infrastructure, healthcare and beyond. With customers in more than 150 countries, Eaton generates more than 55 percent of its revenues from international markets.