Eaton raises 2024 profit forecast on strong industrial equipment demand

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Eaton raises 2024 profit forecast on strong industrial equipment demand
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Third teenager charged with second-degree murder | SaltWire #newsupdate #news #halifax #policeEaton raised its full-year profit forecast, after beating analysts' expectations for the first quarter on Tuesday, betting on resilient demand for industrial equipment amid the U.S. government's efforts to boost manufacturing.

"Growth drivers like increased project activity tied to megatrends, reindustrialization and infrastructure spending continue to drive demand for Eaton's solutions across our markets," said CEO Craig Arnold.

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