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.
The board of directors of Emerson (NYSE: EMR) has declared a quarterly cash dividend of $0.505 per share, payable on June 10, 2021, to stockholders of record by May 14, 2021. This dividend reflects Emerson's commitment to returning value to its shareholders while undertaking innovative solutions across various markets, including industrial, commercial, and residential sectors. The company operates globally, focusing on automation and residential solutions that enhance energy efficiency and sustainability.
Emerson (NYSE: EMR) reported a strong second fiscal quarter, ending March 31, 2021, with net sales up 6% and underlying sales up 2%. Earnings per share rose to $0.93, an 11% increase. The Americas saw sequential improvements despite being down 4% year-over-year, while Asia grew by 12%, driven by a 45% surge in China. The company continues to focus on cost reduction and innovation, with a cash flow of $807 million for the quarter. Emerson expects continued improvement in demand, with updated guidance indicating a net sales growth of 6% - 9% for 2021.
Emerson (NYSE: EMR) has elected James Turley as the new chair of its board of directors, succeeding former chair and CEO David N. Farr, who retired after 20 years. Turley, an independent director since 2013, previously served as chairman and CEO of Ernst & Young. His leadership experience and financial expertise are expected to enhance Emerson's commitment to governance and long-term value creation. CEO Lal Karsanbhai emphasized Turley’s industry knowledge, while Turley expressed honor in leading a company he admires, focusing on culture and strategic evolution.
Emerson (NYSE: EMR) has been chosen to support Neste's digital transformation at its Tuas, Singapore refinery. This project aims to increase production by 1.3 million tons annually by 2023, enhancing Neste's capacity for renewable diesel and sustainable aviation fuel. Emerson will implement automation systems and utilize its Project Certainty methodology to ensure timely and on-budget delivery. The collaboration leverages advanced analytics and cloud engineering to optimize operations. Neste's expansion aims to help reduce carbon emissions significantly by 2030.
Emerson (NYSE: EMR) is set to announce its second quarter results on May 5, 2021, before the market opens. The management team will discuss the financial outcomes during a conference call at 9:30 a.m. ET. Investors can listen to the call live and access presentation materials online. Emerson is a global technology and engineering firm, specializing in innovative solutions for various markets, including industrial and residential sectors. The company aims to enhance production efficiency and promote sustainable practices.
Emerson (NYSE: EMR) announced the successful migration of Repsol's exploration data to the cloud, enhancing data analytics and operational efficiency. This cost-effective migration eliminated the need for new hardware, improving collaboration and visualization across Repsol's global teams. The three-month project included transferring around 90 terabytes of data using Emerson's E&P software suite, completed without any downtime for users. The collaboration between Emerson and Repsol was pivotal, allowing seamless transition and immediate user onboarding.
Carrier Global Corporation (NYSE: CARR) announced that Emerson (NYSE: EMR) has joined its Carrier Alliance program. This partnership aims to enhance their collaboration on advanced technologies, particularly in the HVAC and Refrigeration sectors. Emerson will supply critical components, such as compressors and sensors, which are essential for Carrier's product offerings. The agreement is expected to improve data analytics and product quality, addressing higher Seasonal Energy Efficiency Ratio (SEER) standards set for 2023. Both companies are focused on providing sustainable solutions in a changing regulatory landscape.
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