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.
TenneT has selected Emerson (NYSE: EMR) to enhance its high-voltage transmission network serving approximately 42 million people in the Netherlands and Germany. Emerson will deploy its OSI Monarch™ software to optimize operations, improve forecasting, and enhance disaster recovery capabilities. This collaboration supports TenneT's transition to a more dynamic energy market by integrating renewable energy effectively. Emerson's acquisition of OSI in October 2020 has bolstered its electrification capabilities, enabling real-time monitoring and optimization across power networks.
Emerson (NYSE: EMR) has announced a
This initiative aims to drive innovation while contributing to a greener future, facilitating co-investment with top-tier venture firms.
Emerson reported a strong fourth quarter with net sales of $4.9 billion, up 9% despite a $175 million impact from supply chain issues. Full year net sales reached $18.2 billion, also up 9%. GAAP EPS for Q4 was $1.11, down 8%, while adjusted EPS was $1.21, up 10%. The company continued its trend of increasing dividends, declaring $0.515 per share. Trailing three-month orders rose 16% indicating strong demand, particularly in automation and residential markets. The company anticipates further growth into 2022.
Emerson has partnered with ReNew ELP to provide digital automation solutions for a new plastics recycling plant in Teesside, England. This facility aims to utilize the innovative HydroPRS™ technology to convert unrecyclable plastics into valuable feedstock, enhancing sustainability and reducing waste. The plant is expected to process 20,000 tonnes of plastic waste annually. Emerson's methodology aims for efficient project execution, ensuring the facility meets environmental goals and operational performance.
Aspen Technology, Inc. (NASDAQ: AZPN) reported strong financial results for Q1 fiscal 2022, ending September 30, 2021. Total revenue reached $136 million, a significant increase from $128.2 million in Q1 fiscal 2021. License revenue surged to $81.1 million, up from $61.9 million year-over-year. The company anticipates 5-7% annual spend growth for fiscal 2022, with total revenue guidance between $702-$737 million. Notably, AspenTech's partnership with Emerson Electric (NYSE: EMR) is expected to enhance its market position.
Emerson (NYSE: EMR) will announce its fourth quarter and full year results on November 3, 2021, prior to market opening. A conference call with senior management will follow at 9 a.m. Eastern Time. Investors can access the call and presentation slides through Emerson’s website. A replay will be available for three months post-event. Emerson, based in St. Louis, Missouri, specializes in technology and engineering solutions across various markets.
Emerson and AspenTech have agreed to a strategic transaction where Emerson will acquire a 55% stake in a new AspenTech by contributing its industrial software businesses and $6 billion in cash. AspenTech shareholders will receive about $87 per share in cash plus 0.42 shares in the new company, totaling approximately $160 per share. The deal aims to enhance Emerson's industrial software strategy and facilitate double-digit growth, with pro forma revenues estimated at $1.1 billion for FY22. The transaction is projected to close in Q2 2022, subject to approvals.
Emerson (NYSE: EMR) has entered a multiyear strategic framework agreement with BayoTech to enhance global hydrogen delivery. This partnership focuses on delivering advanced automation technologies to support BayoTech's production of cleaner, lower-cost hydrogen via modular generation units capable of producing up to 1,000 kg/day. With a vision to become the largest distributed hydrogen company, BayoTech aims to disrupt traditional hydrogen supply chains by leveraging Emerson's technology for autonomous production. Together, they seek to lower carbon emissions and transportation costs, enhancing the accessibility of hydrogen solutions.
Emerson is partnering with Colgate-Palmolive to enhance energy efficiency in packaging operations, aiming for net zero carbon emissions by 2040. Utilizing Emerson's advanced sensor technologies, Colgate has achieved a 15% reduction in energy consumption across its toothpaste and toothbrush packaging lines. The collaboration integrates IIoT-enabled software to optimize pneumatic processes, and further energy savings are anticipated as the technology expands.
Backcast Partners Management announced an investment to support Turnspire Capital Partners' acquisition of the Daniel Measurement and Control business from Emerson Electric Co. (NYSE: EMR). Daniel, based in Houston and Chihuahua, Mexico, is a leader in flow and energy measurement technologies for the natural gas and hydrocarbon industries, boasting an 85-year history. Backcast's investment comprises senior secured debt and equity co-investment, aiming to enhance growth opportunities and strategic acquisitions. Backcast manages over $775 million in assets, targeting investments between $10 million and $100 million.
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