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 (AZPN) has completed its acquisition of Emerson Electric's OSI and Geological Simulation Software (GSS) businesses for $6 billion. Emerson now holds a 55% stake in AspenTech, which aims to enhance market penetration through an extended commercial partnership. With more than 3,700 employees in 41 countries, AspenTech plans to leverage its diversified capabilities to address industrial sustainability and efficiency challenges. The GSS segment, renamed Subsurface Science and Engineering, will strengthen AspenTech's position in the oil and gas supply chain.
Emerson (NYSE: EMR) has successfully closed its merger with AspenTech, combining Emerson's industrial software assets with AspenTech to create a leading global software entity, referred to as new AspenTech. Emerson holds 55% ownership, while AspenTech shareholders retain 45%. The new AspenTech will trade under the symbol AZPN from May 17, 2022. This merger is expected to accelerate Emerson's software strategy, enhance its growth trajectory, and realize significant revenue and cost synergies in an evolving market.
Emerson (NYSE: EMR) reported a strong fiscal Q2 2022, with a 22% increase in GAAP EPS to $1.13 and 8% growth in net sales to $4.8 billion. Underlying orders rose 13%, driven by robust demand across regions. The company also announced plans to exit its Russia business and increased its fiscal 2022 outlook, forecasting 8-10% net sales growth and expected EPS of $4.77 to $4.92. Despite challenges from supply chain issues, the operational performance reflects effective cost management and market demand.
Emerson (NYSE: EMR) will announce its second-quarter results on May 4, 2022, before the market opens. A conference call with senior management is scheduled for 9 a.m. Eastern Time to discuss the results. Interested participants can access the call via the Investors section of Emerson's website, where presentation slides will also be available. A replay of the call will be accessible for three months.
Sealed Air (NYSE: SEE) announces the appointment of Elizabeth Adefioye to its Board of Directors, expanding the board to 10 members. Adefioye, currently Chief People Officer at Emerson (NYSE: EMR), brings extensive HR leadership experience from her previous roles at Ingredion, Johnson & Johnson, and Novartis Consumer Health. Her expertise in transforming organizational culture aims to support SEE's commitment to sustainability and a people-first approach. SEE generated $5.5 billion in sales in 2021 and employs approximately 16,500 people globally.
Emerson (NYSE: EMR) has pledged $200 million over the next decade to address education inequities in U.S. communities, particularly in St. Louis. This initiative aims to support children from infancy to 12th grade, focusing on early education in under-resourced areas. Initial partnerships include the Urban League of Metropolitan Saint Louis and The Opportunity Trust, targeting improvements in early childhood readiness and literacy among third graders. Emerson has previously contributed $24 million in fiscal 2021 and nearly $750 million over the past 50 years, showcasing a long-standing philanthropic commitment.
One Rock Capital Partners has announced an agreement to acquire Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc specializes in safety-critical sensors and components for various applications including HVAC and industrial uses, employing over 4,000 staff globally. The acquisition, expected to close in the first half of 2022, aims to establish Therm-O-Disc as an independent, growth-focused company. One Rock's experience in corporate carve-outs is expected to aid in driving innovation and operational capabilities within Therm-O-Disc.
Emerson (NYSE: EMR) has signed an agreement to sell its Therm-O-Disc sensing and protection technologies business to One Rock Capital Partners. Therm-O-Disc, established in 1947, provides engineered sensors for various industries, including HVAC and automotive. This divestiture is part of Emerson's strategy to enhance its growth and diversify its portfolio. The transaction is expected to close in Q2 2022, pending regulatory approvals. Emerson has enlisted Evercore for financial advisory and Davis Polk & Wardwell LLP for legal counsel to facilitate the deal.
Emerson emphasizes the urgent need for organizations to enhance their cybersecurity measures amid increasing connectivity and vulnerability to cyber threats. Highlighting common missteps, Emerson advocates for a comprehensive cybersecurity risk assessment to identify and eliminate system vulnerabilities. Key recommendations include prioritizing cybersecurity initiatives, recognizing that no single solution can address all risks, and ensuring proper funding for cybersecurity programs. This proactive approach aims to safeguard control systems and maintain operational goals in an evolving threat landscape.
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