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) announced that its Sensi™ Touch smart thermostat won the 2021 Integrated Home Competition by AHRI. This ENERGY STAR® certified product can help homeowners save up to 23% on HVAC energy usage through features like geofencing and flexible scheduling. Emerson aims to meet the growing consumer demand for sustainable solutions with its smart thermostat, which is compatible with major smart home platforms. The award recognizes Emerson's commitment to energy efficiency and innovative design in the HVAC sector.
Emerson has been awarded the title of ‘Industrial IoT Company of the Year’ by IoT Breakthrough for the fourth time in five years. This recognition, amidst nearly 4,000 nominations, highlights Emerson's commitment to innovation in industrial automation and software, helping customers meet sustainability goals. The company’s Plantweb™ ecosystem and extensive IIoT technologies are enabling significant operational improvements across key industries, including power and energy.
Emerson (NYSE: EMR) will conduct its 2022 annual shareholders meeting virtually due to COVID-19 concerns. Scheduled for 10:00 a.m. (CT) on February 1, 2022, the meeting will allow shareholders recorded by November 23, 2021 to participate, vote, and ask questions through a virtual platform. Non-shareholders may attend as guests but cannot vote or ask questions. Shareholders can vote in advance or on the meeting day using their control number. More details are available in the Proxy Statement and on the virtual meeting site.
Emerson (NYSE: EMR) will announce its first quarter results on February 2, 2022, prior to market opening. A conference call is scheduled for 9 a.m. Eastern Time to discuss the results, which can be accessed via Emerson's investor website. The company specializes in delivering technological solutions for various markets, enhancing production, energy efficiency, and safety.
Emerson is advancing technology for large-scale offshore green hydrogen production, collaborating on the PosHYdon project in the Dutch North Sea. This pilot aims to showcase the integration of offshore wind and hydrogen production on a gas platform, using green electricity to convert seawater into hydrogen via electrolysis. The project, supported by a €3.6 million grant, expects to produce three tons of hydrogen weekly. Emerson's DeltaV systems will ensure operational safety and efficiency throughout the process.
Emerson (NYSE: EMR) has acquired Mita-Teknik in an all-cash transaction, enhancing its capabilities in the wind power generation market. Mita-Teknik, founded in 1969, specializes in control automation for wind turbines, with over 60,000 installed systems globally. This acquisition complements Emerson's control systems and supports digital transformation and sustainability goals for power generation. It positions Emerson to better serve the growing demand for renewable energy solutions.
Aspen Technology (AZPN) has announced the expiration of the waiting period under the Hart-Scott-Rodino Act and received antitrust clearance from the Austrian Federal Competition Authority in relation to its proposed acquisition by Emerson (EMR). This marks significant progress towards finalizing the transaction initially disclosed on October 11, 2021. However, approval from AspenTech shareholders and further antitrust clearances in Russia and South Korea remain necessary. The deal's closure is anticipated in the second quarter of 2022.
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.
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