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.
Emerson (NYSE:EMR) has been awarded the "IoT Analytics Platform of the Year" for its Plantweb Optics™ Analytics software, recognized in the 5th annual IoT Breakthrough Awards. This accolade highlights Emerson's commitment to improving industrial manufacturing through advanced analytics that leverage artificial intelligence and machine learning. Plantweb Optics enhances reliability and sustainability while optimizing production, potentially unlocking over $4 trillion in value for manufacturers, according to McKinsey. The software is part of Emerson's award-winning Plantweb™ ecosystem.
Emerson (NYSE: EMR) has announced that its 2021 annual shareholders meeting will be held virtually on February 2, 2021, at 10:00 a.m. (CT) due to COVID-19 safety guidelines. Shareholders of record as of November 24, 2020, can participate by using a 16-digit control number on the virtual meeting website. Non-shareholders can attend as guests but cannot vote or ask questions. Voting can be done in advance through the Internet, telephone, or proxy card, with previous proxy cards remaining valid for this meeting.
Emerson (NYSE: EMR) is set to report its first quarter results on February 2, 2021, before market opening. Following the release, senior management will host an investor conference call at 3:00 p.m. Eastern Time. Interested investors can access the live call and presentation slides through the Investors section of Emerson's website. A replay will be available for three months post-webcast.
Headquartered in St. Louis, Emerson provides innovative solutions in automation and residential markets, enhancing production, energy efficiency, and human comfort.
Emerson’s annual Global Users Exchange virtual conference showcases innovations aiding industrial manufacturers in 2021. The event focuses on digital transformation through case studies, offering insights on sustainability and enhanced operational efficiency. Participants can access 300+ sessions covering various themes like remote collaboration and personnel safety. Keynotes from industry leaders highlight improvements in energy management. The conference includes live and on-demand sessions and will return to in-person format later this year in Washington, D.C.
Emerson (NYSE: EMR) has been chosen by the Tennessee Valley Authority (TVA) to modernize its Magnolia power plant as part of TVA's $110 million investment plan to enhance digital technologies across its power generation fleet. This initiative aims to improve operations, cybersecurity, and training at the 980-megawatt facility, which generates cleaner energy. The project highlights Emerson's leadership in the power generation industry and is expected to be completed in 2022, ensuring reliable electricity for millions in the Tennessee Valley region.
Emerson (NYSE: EMR) has successfully acquired 7AC Technologies, a start-up specializing in innovative air conditioning solutions that promote energy efficiency and sustainable air management. This technology enables commercial building owners and retailers to manage humidity and temperature seamlessly. The membrane-based liquid desiccant system is modular and adaptable to different applications. Emerson's executive president highlighted its superior energy efficiency and air quality compared to existing products. This acquisition strengthens Emerson's position in the high-growth commercial air management market.
The board of directors of Emerson (NYSE: EMR) has declared a quarterly cash dividend of $0.505 per share. This dividend will be payable on December 10, 2020 to stockholders on record as of November 13, 2020. Emerson, a leading global technology and engineering company based in St. Louis, Missouri, offers innovative solutions across various markets, including industrial and residential sectors. The company focuses on optimizing production, ensuring safety, and enhancing energy efficiency.
Emerson (NYSE: EMR) reported a decline in fourth-quarter net sales of 8%, with underlying sales down 9%. The company faced demand challenges, particularly in North America. Commercial & Residential Solutions saw a 6% growth in orders, while Automation Solutions struggled, reporting an 11% decrease in net sales. The quarterly gross profit margin fell to 41.3%. Despite these challenges, the company maintained strong operating cash flow of $1.23 billion. Looking ahead, Emerson expects 2021 revenue growth between 1%-4% and plans to resume share repurchases between $500 million and $1 billion.
Emerson (NYSE: EMR) has secured a $14 million contract for automation technologies at the new Azeri Central East offshore platform in the Caspian Sea. Acting as the main automation contractor, Emerson will implement its Project Certainty methodologies and digital solutions to enhance project execution, which is expected to assist BP in fast-tracking the project for 2023. Key offerings include digital twin solutions and cloud engineering services that aim to reduce costs and accelerate engineering timelines. The project builds on prior successful collaborations between BP and Emerson.
FAQ
What is the current stock price of Emerson Electric Co. (EMR)?
What is the market cap of Emerson Electric Co. (EMR)?
What does Emerson Electric Co. do?
How many employees does Emerson have?
What are the main segments of Emerson's business?
What is Emerson's involvement in sustainability?
How did Emerson perform financially recently?
What is DeltaV™ Workflow Management?
What are Emerson's recent acquisitions?
Where can investors find more information about Emerson?
What is Emerson's dividend policy?
Who are some of Emerson's notable partners?
