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Emerson announced the election of Calvin Butler, CEO of Exelon, to its Board of Directors, effective August 1, 2024. Butler brings significant operational and leadership experience in the energy industry. The Emerson Board will expand to 12 members, and Butler will serve on the Corporate Governance and Nominating Committee. This move is part of Emerson's ongoing refreshment process to capitalize on energy market opportunities.
Emerson reported strong second quarter 2024 results with sales growth, margin expansion, and earnings exceeding expectations. The company updated its full-year outlook for fiscal 2024 and declared a quarterly cash dividend of $0.525 per share of common stock. Management highlighted the strength of their portfolio and the Emerson Management System, expressing confidence in delivering value to shareholders.
Emerson's Test and Measurement business, formerly NI, will host the NI Connect event in Austin, Texas, showcasing innovative NI test and measurement technologies. Key industry leaders will discuss the strategic use of NI technologies in driving innovation and improving business performance. The event will include live demonstrations, educational sessions, and technical workshops to address industry challenges like software complexity and power consumption.