Jess Ryan ’25 pitched Eaton Corporation (NYSE: ETN) on March 3, 2025. Eaton is a global leader in power management solutions, specializing in electrical and industrial components, power distribution, and energy-efficient technologies. Founded in 1911 and headquartered in Dublin, Ireland, Eaton operates in over 175 countries and has a strong presence in North America, with its Electrical Americas segment generating 46% of total annual revenue. Eaton’s product portfolio spans transformers, circuit protection, and utility power distribution, which are essential for modernizing electrical grids and supporting growing energy demands. The company serves critical industries such as data centers, utilities, manufacturing, commercial and residential construction, and transportation. Eaton’s Aerospace segment supplies major aircraft manufacturers with advanced propulsion and fuel management systems, while its eMobility division develops high-voltage solutions for electrical vehicles.
Jess’ investment thesis highlighted Eaton as a market leader in power distribution, benefiting from record backlog growth, rising global power demand, and U.S. manufacturing reshoring. The company’s strong backlog and consistent order growth provide clear visibility into future cash flows and predictable revenue streams. Eaton’s exposure to high-demand sectors like data centers, electrification, and infrastructure modernization ensures sustained long-term growth. Since 2023, the company has invested over $1 billion to expand its manufacturing footprint, reinforcing its ability to meet rising demand and further strengthening its leadership in the power management industry.
SMIF voted to purchase approximately $60,000 of ETN, funded through the sale of XLI.
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