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MarketScreener Homepage  >  Equities  >  Nyse  >  Eaton Corporation plc    ETN   IE00B8KQN827

EATON CORPORATION PLC

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Eaton :  Eaton Announces Its Brightlayer™ Digital Foundation for Continued Transformation Into an Intelligent Power Management Company

10/22/2020 | 11:23am EST

Eaton today announced the launch of its Brightlayer digital foundation, a major step in its transformation into an intelligent power management company. By leveraging Brightlayer, Eaton is enabling customers to optimize how power is used, stored and distributed through data and insights from secure, connected and intelligent assets.

“Eaton is transforming into an intelligent power management company,” said Aravind Yarlagadda, chief digital officer, Eaton. “We’re leveraging digital technologies like connected devices, cloud and mobile platforms, artificial intelligence and machine learning at scale, to transform power management. This makes power safer, more sustainable and efficient for our customers and partners. Brightlayer is the digital foundation for this transformational journey.”

With the Brightlayer foundation for intelligent power management, Eaton has leveraged its more than 100 years of power management expertise to help customers make their operations more efficient through the use of data and insights.

The Brightlayer digital foundation is comprised of 4 layers: data, platform, solutions, and experience. Customers have the ability to engage with any of the layers – whether accessing data from existing assets, leveraging Eaton’s digital platform and unique artificial intelligence and machine learning algorithms to deliver insights, or implementing Eaton’s suite of industry-focused intelligent power management solutions.

The data layer allows customers to access data from any Eaton or third-party connected device for use in existing applications. The platform layer is comprised of a set of open, extensible development components that are leveraged by Eaton and also available for customers and partners to enable the delivery of intelligent power management solutions to market. The solutions layer represents integrated suites of digital solutions that provide data and insights to industry-specific power management challenges, starting with utilities, data centers and industrial markets and expanding into adjacent industry markets. The experience layer is where customers, partners and developers can discover, buy, develop and collaborate on new value through intelligent power management solutions.

“Customers are increasingly prioritizing access to secure, real-time data, with the connected intelligent power management technologies they rely on,” said Yarlagadda. “Brightlayer makes it easier for them to realize the operational value of the intelligent, actionable insights they can get from that data.”

To learn more, visit Eaton.com/Brightlayer. To learn about Eaton’s full range of innovative power management technologies, visit Eaton.com.

Eaton’s mission is to improve the quality of life and the environment through the use of power management technologies and services. We provide sustainable solutions that help our customers effectively manage electrical, hydraulic, and mechanical power – more safely, more efficiently, and more reliably. Eaton’s 2019 revenues were $21.4 billion, and we sell products to customers in more than 175 countries. We have approximately 92,000 employees. For more information, visit Eaton.com.


© Business Wire 2020
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Financials (USD)
Sales 2020 17 761 M - -
Net income 2020 1 416 M - -
Net Debt 2020 7 400 M - -
P/E ratio 2020 35,7x
Yield 2020 2,37%
Capitalization 49 337 M 49 337 M -
EV / Sales 2020 3,19x
EV / Sales 2021 3,07x
Nbr of Employees 92 000
Free-Float 99,8%
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Technical analysis trends EATON CORPORATION PLC
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TrendsBullishBullishBullish
Income Statement Evolution
Consensus
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Mean consensus OUTPERFORM
Number of Analysts 23
Average target price 118,05 $
Last Close Price 123,25 $
Spread / Highest target 9,53%
Spread / Average Target -4,22%
Spread / Lowest Target -17,2%
EPS Revisions
Managers
NameTitle
Craig Arnold Chairman & Chief Executive Officer
Richard H. Fearon Vice Chairman, Chief Financial & Planning Officer
William W. Blausey Chief Information Officer & Senior Vice President
Ramanath Ramakrishnan Chief Technology Officer & Executive VP
Gerald Bernard Smith Independent Director
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