Welcome to our dedicated page for Emerson Electric Co. news (Ticker: EMR), a resource for investors and traders seeking the latest updates and insights on Emerson Electric 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.
Aspen Technology, Inc. (NASDAQ: AZPN) has appointed Robert 'Bob' Beauchamp to its Board of Directors, filling the final seat following the recent transaction with Emerson (NYSE: EMR). With over 30 years of experience in industrial technology and M&A, Beauchamp previously served as Chairman and CEO of BMC Software. CEO Antonio Pietri highlighted Beauchamp's leadership credentials as a significant asset for AspenTech's growth and sustainability initiatives. Beauchamp joins the Nominating and Corporate Governance Committee, aiming to leverage AspenTech's expertise in transforming industrial software.
Emerson (NYSE: EMR) is set to release its third-quarter results on August 9, 2022, before market open. This follows the announcement of AspenTech’s financial results on August 8, 2022. An investor conference call will take place on the same day at 9 a.m. ET to discuss the results. Interested parties can access the live call and view presentation materials through Emerson’s investor website, with a replay available for three months thereafter. As a global technology and software company, Emerson focuses on innovative solutions across industrial, commercial, and residential sectors.
Emerson (NYSE: EMR) has partnered with Mitsubishi Power Americas to automate the world’s largest green hydrogen production and storage facility, aiming to optimize renewable energy integration. This facility will use a 220-MW electrolyzer bank to produce up to 100 tons of green hydrogen daily, with storage capacity of 300 GWh in salt caverns. The project aims to enhance renewable energy management, supporting clean electricity generation while reducing costs and improving safety through Emerson’s advanced automation solutions.
Emerson (NYSE: EMR) has announced the acquisition of Fluxa, enhancing its software and technology portfolio in the life sciences sector. This strategic move aims to accelerate the delivery of new therapies, drugs, and vaccines. The acquisition of Fluxa’s PKM™ software, integrated with Emerson’s DeltaV™ control system, is expected to streamline drug development, improving speed and operational integrity. This initiative caters to the growing demand for rapid market introduction of biopharmaceuticals, a need amplified by the COVID-19 pandemic.
Emerson (NYSE: EMR) has partnered with Albioma to convert the Bois Rouge coal-fired power plant on Réunion Island to 100% renewable energy, primarily using biomass wood pellets. This multi-million-dollar project is expected to reduce greenhouse gas emissions by 640,000 tons of CO2 equivalent annually, marking an 84% decrease in direct emissions. The project will utilize Emerson's advanced automation and software technologies, and is projected to be completed within five months, starting in June 2022.
Emerson has partnered with Fintoil and Neste Engineering Solutions to implement automation technology at the world's third-largest crude tall oil biorefinery in Hamina-Kotka, Finland. This facility aims to produce advanced biofuels and biochemical feedstocks, significantly reducing carbon emissions. Emerson's solutions, including the DeltaV control system, are expected to enhance operational efficiency and align with sustainability goals. The project emphasizes reduced energy consumption, aiming for an annual capacity of 200,000 tons, which could lower CO2 emissions by 400,000 tons.
One Rock Capital Partners has completed the acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc specializes in safety-critical sensors and components for various industries, including HVAC and aerospace. One Rock aims to leverage its strategic resources to enhance Therm-O-Disc's growth and operational success. Scott Spielvogel emphasized the company’s innovation and customer service as key strengths that will drive future expansion. The acquisition reflects One Rock's strategy of investing in growth potential and operational improvements.
Emerson (NYSE: EMR) has secured a five-year framework agreement with Jotun, a leading paint manufacturer, to enhance automation across its manufacturing facilities. This partnership aims to implement Emerson’s digital technologies, significantly boosting throughput, product quality, and operational efficiency while reducing costs. The collaboration includes the deployment of the DeltaV™ distributed control system and various automation solutions, which will be pivotal for Jotun’s new projects and existing upgrades globally.
Emerson (NYSE: EMR) partners with Toyota Australia to develop a commercial-grade hydrogen production facility, supported by the Australian Renewable Energy Agency (ARENA). The project aims to enhance hydrogen fuel generation, leveraging Emerson's DeltaV™ control system for improved monitoring and productivity. This collaboration is positioned to address the growing demand for renewable fuels, integrating multiple data sources for operational efficiency while maintaining sustainability standards.
FAQ
What is the current stock price of Emerson Electric Co. (EMR)?
What is the market cap of Emerson Electric Co. (EMR)?
What does Emerson Electric Co. do?
How many employees does Emerson have?
What are the main segments of Emerson's business?
What is Emerson's involvement in sustainability?
How did Emerson perform financially recently?
What is DeltaV™ Workflow Management?
What are Emerson's recent acquisitions?
Where can investors find more information about Emerson?
What is Emerson's dividend policy?
Who are some of Emerson's notable partners?
