Welcome to our dedicated page for Emerson Elec Co news (Ticker: EMR), a resource for investors and traders seeking the latest updates and insights on Emerson Elec Co stock.
Emerson Electric Co. (NYSE: EMR) is a global leader in automation technology and industrial software solutions. With over 135,000 employees and 235 manufacturing locations worldwide, Emerson focuses on providing integrated, innovative solutions that solve some of the world's most complex challenges.
Emerson operates through two main segments: Intelligent Devices and Software Control. The Intelligent Devices segment includes the company's well-known tools business, featuring household brands like Ridgid, and specializes in process manufacturing solutions with products such as measurement and analytical instrumentation, control valves, and actuators.
The Software Control segment encompasses Emerson's majority interest in AspenTech, a leader in industrial software, and the recently acquired Test and Measurement business, previously known as National Instruments. This segment focuses on hybrid, process, and discrete manufacturers, helping optimize operations, protect personnel, and reduce emissions through innovative software and control systems.
Recent achievements highlight Emerson's commitment to sustainability and technological innovation. For instance, Emerson was chosen by DG Fuels to provide comprehensive automation and project engineering for the production of advanced biofuels, aiding global decarbonization efforts in the transportation sector. Additionally, Emerson's collaboration with SungEel HiTech aims to enhance lithium-ion battery recycling processes, contributing to a more stable supply of battery materials for electric vehicles.
Financially, Emerson continues to demonstrate strong performance. The company recently reported robust results for its first and second quarters of fiscal 2024, exceeding expectations in key financial metrics such as underlying sales, operating leverage, and adjusted earnings per share.
Emerson's forward-looking strategy includes significant investments in shareholder returns, with approximately $500 million allocated for share repurchases and $1.2 billion for dividend payments in 2024. The company also introduced DeltaV™ Workflow Management, a next-generation software designed for life sciences companies, further expanding its capabilities in the automation platform.
For more information about Emerson, its innovative solutions, and latest updates, visit Emerson.com.
Emerson (NYSE: EMR) is set to announce its fourth quarter and full year 2022 results on October 31, 2022, before market opening. Senior management will host an investor conference call at 8 a.m. Eastern Time. Interested parties can access the live call and presentation slides on Emerson’s website. The results will shed light on the company’s financial performance in a pivotal year, and a replay will be available for three months after the event.
Southern California Gas has partnered with Emerson to showcase its innovative residential microgrid, the [H2] Innovation Experience, in Southern California. This project, one of the first of its kind in the U.S., integrates renewable hydrogen production through solar energy, enabling carbon-free gas utilization in home energy systems. The setup includes a solar array, energy storage, and an electrolyzer. This initiative aligns with California's goals for net-zero emissions, supporting sustainable power demand and highlighting advanced automation technologies.
Emerson (NYSE: EMR) presented its vision for a software-defined automation architecture at the Emerson Exchange in Austin, Texas, aimed at transforming modern manufacturing. This next-generation framework promises 'boundless automation' by facilitating seamless data management across operational technology (OT) and information technology (IT) environments. By leveraging its Plantweb™ digital ecosystem and recent expansion with AspenTech, Emerson seeks to optimize operational performance, address safety, productivity, and sustainability challenges in the industrial sector.
Emerson (NYSE: EMR) has announced the evolution of its Plantweb™ digital ecosystem, integrating AspenTech's (NASDAQ: AZPN) asset optimization software. This collaboration aims to enhance industrial automation by enabling manufacturers to optimize operations through advanced software and AI technologies. Emerson's Plantweb ecosystem provides tools for sensing, decision-making, and controlling plant operations, helping companies achieve greater sustainability and productivity. This development positions Emerson as a leader in the industrial digital transformation landscape.
Emerson has entered a five-year global agreement with LANXESS, enhancing their partnership in automation technology. This collaboration aims to upgrade control and safety systems, driving digital transformation in LANXESS's production facilities. Emerson's solutions are expected to optimize operational performance, decrease time-to-market for new products, and support sustainability initiatives. The initiative underlines both companies' commitment to improving efficiency and reducing emissions.
Emerson (NYSE: EMR) is set to announce its fourth quarter and full year financial results on Wednesday, Nov. 2, 2022, before market opening. A conference call for investors will be held at 9 a.m. Eastern Time, where senior management will discuss the results. Interested parties can access the live call and presentation slides via the company’s investor website. A replay of the call will be available for three months post-event.
Emerson (NYSE: EMR) has reached an agreement to divest its Russia operations, including Metran and Emerson LLC, to the local management team. This decision follows Emerson's prior announcement to exit the Russian market. The Russia business contributed approximately 1.5% to Emerson's total sales for fiscal year 2021, and the company reported a pre-tax loss of $162M in Q3 fiscal 2022 related to this exit. The transaction is pending regulatory approvals and aims to ensure a smooth transition for employees.
Emerson (NYSE: EMR) has unveiled a new global advertising campaign and tagline, “Go Boldly,” aimed at showcasing its commitment to sustainability and technological innovation. This initiative follows Emerson's cultural transformation to enhance its software capabilities, highlighted by a recent transaction with AspenTech. The campaign will be promoted across major media platforms, replacing the previous tagline, “Consider It Solved.” Additionally, Emerson is introducing a unique sonic logo to strengthen brand identity. The initiative reflects Emerson's focus on helping industries achieve operational optimization and sustainability goals.
Emerson (NYSE: EMR) has strategically invested in Spearix Technologies, Inc., focusing on its adaptive multi-core radio processor aimed at enhancing Industrial Internet of Things (IIoT) wireless communication. This marks Emerson Ventures as the first institutional investor in Spearix. The investment will help improve Emerson’s IIoT capabilities and Spearix's growth, addressing major wireless communication challenges posed by interference in industrial environments. Additionally, an engineering collaboration agreement has been established to leverage Spearix’s technology for enhanced network reliability.
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