MELANY's data-driven read on Eaton Corporation, plc · Misc Industrial & Commercial Machinery & Equipment.
Eaton was founded in 1911 by Joseph Eaton, who began by selling truck axles in New Jersey, and has since grown into a large industrial company across various end markets, largely through acquisitions. Its portfolio splits into electrical and industrial businesses: the electrical side (about 70% of revenue) sells components for data centers, utilities, and commercial and residential buildings, while the industrial side (30% of revenue) sells components for commercial and passenger vehicles and aircraft.
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