Emerson Elec Co - EMR STOCK NEWS

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.

HITA, a Belgian geothermal energy company, has partnered with Emerson (NYSE: EMR) to enhance the discovery and development of geothermal energy sources in Northern Belgium. Emerson's geological and reservoir modeling software is set to improve the safety and reliability of these projects by accurately identifying suitable drilling locations. The geothermal energy market in the EU is projected to grow significantly by 2050, driven by climate change policies. This collaboration aims to facilitate sustainable energy production through advanced modeling techniques.

Emerson (NYSE: EMR) reported Q1 fiscal 2022 results, showing strong demand with underlying orders up 17%. Net sales reached $4.5 billion, an 8% increase year-over-year. GAAP EPS soared 103% to $1.50, while adjusted EPS rose 13% to $1.05. The company updated its full-year outlook, anticipating 6-8% net sales growth. Despite operational challenges, operating cash flow was $523 million, although down 35%. The Automation Solutions platform performed well, with orders up 19% and EBIT margins improving. A quarterly dividend of $0.515 per share was declared.