Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) reported strong fiscal 2024 results with net sales increasing 15% to $17.492 billion. The company achieved underlying sales growth of 6% and improved adjusted segment EBITA margin by 100 basis points to 26.0%. Adjusted earnings per share grew 24% to $5.49, while free cash flow increased 23% to $2.898 billion. For fiscal 2025, Emerson projects net sales growth of 3.5-5.5% and adjusted EPS of $5.85-$6.05. The company also announced a quarterly dividend increase to $0.5275 per share.

Emerson (NYSE: EMR), a global automation and software leader, has been chosen by HyIS-one to provide advanced technologies for Korea's largest hydrogen refueling station for commercial vehicles in Busan. The station will have a capacity of 350 kilograms per hour, capable of charging over 200 commercial vehicles daily and storing up to 1.5 tons of pressurized hydrogen. It will be the first large-capacity station in Korea to unload tube trailers without docking.

Emerson will supply pressure and temperature transmitters, ultrasonic gas leak detectors, pressure regulators, and safety valves to ensure safety and reliability. HyIS-one reports a 50% improvement in refueling speed compared to other stations. By 2026, HyIS-one plans to establish up to 30 large hydrogen refueling stations across Korea and secure its own tube trailers for a commercial vehicle hydrogen refueling system.

Emerson (NYSE: EMR) has announced its schedule for reporting fourth quarter and full year 2024 financial results. The company will release its earnings report before the market opens on Tuesday, November 5, 2024. Following the release, Emerson's senior management will host an investor conference call at 8 a.m. Eastern Time (7 a.m. Central Time) to discuss the results.

Interested parties can access the live conference call and view presentation slides by visiting the Investors section of Emerson's website at www.Emerson.com/investors. A brief registration is required to participate. For those unable to attend the live event, a replay of the conference call will be available for three months following the webcast on the same website.

Emerson (NYSE: EMR), a global automation and technology leader, has joined the Linux Foundation's Margo initiative, aimed at enhancing edge interoperability in industrial automation. This open-standard project seeks to address challenges in integrating multi-vendor devices, apps, and orchestration environments at the edge. Emerson's participation aligns with its Boundless Automation™ vision for a modern automation architecture.

The Margo initiative will develop open standards, reference implementations, and testing toolkits to simplify the deployment and operation of complex, multi-vendor industrial edge environments. This collaboration is expected to accelerate digital transformation programs and realize the full potential of AI, machine learning, and analytics at the edge for manufacturers of all sizes.

Emerson (NYSE: EMR) has made a strategic investment through its corporate venture capital arm, Emerson Ventures, in Symmera, an early-stage company focused on simplifying device authentication and data protection. Boulder Ventures is co-investing in this venture. Symmera's Distributed Intelligent Network (DIN) Orchestration Platform offers a scalable, secure, and vendor-agnostic solution for device fleet management, built on a zero-trust architecture.

The platform aims to address the increasing complexity and cost of managing device lifecycles and security while enabling trusted data streams for AI, machine learning, and advanced analytics. Symmera's technology aligns with Emerson's initiatives in lifecycle management of devices and secure field communications, offering a unique 'one-pane-of-glass' approach for fleet management security.

Emerson (NYSE: EMR) has announced the completion of the sale of its remaining 40% common equity ownership stake in the Copeland joint venture to private equity funds managed by Blackstone. This transaction marks Emerson's full exit from the Copeland business, which is now positioned as a standalone company focused on serving the global HVAC and refrigeration market.

Copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software, and monitoring solutions for residential, commercial, and industrial customers. This divestiture aligns with Emerson's strategy to streamline its operations and focus on core business areas.

Emerson (NYSE: EMR) reported strong Q3 2024 results, with net sales up 11% to $4,380 million and underlying sales growth of 3%. The company's adjusted earnings per share increased 11% to $1.43, while operating cash flow rose 27% to $1,067 million. Emerson updated its fiscal 2024 outlook, projecting net sales growth of ~15% and adjusted EPS of $5.45 - $5.50.

The company also announced progress on its portfolio simplification, including a definitive agreement to exit the Copeland business. Emerson completed the sale of the Copeland Note Receivable for $1.9 billion and expects to close the sale of its 40% equity stake for $1.5 billion by August end. The total after-tax proceeds of $2.9 billion will be used to pay down debt.

Emerson (NYSE: EMR) has unveiled its Ovation™ 4.0 Automation Platform with integrated generative artificial intelligence (GenAI) for the power and water industries. This transformative technology aims to enhance data-driven decision-making, improve operational efficiencies, and drive more predictive and reliable performance. The platform will augment workforce expertise, provide predictive guidance, and recommend appropriate actions to increase reliability and optimize operations.

Key features of the Ovation 4.0 Automation Platform include:

• AI assistants for workforce empowerment
• Support for remote operations
• Predictive maintenance capabilities
• Grid optimization
• Enhanced cybersecurity

Initially released on Microsoft Azure's OpenAI service, Emerson's Ovation GenAI will also be available on other large language models, focusing on secure and proprietary data sets.

Emerson (NYSE: EMR) has announced the release of Ovation 4.0 Automation Platform, an updated version of its industry-leading automation solution for the power and water industries. This new software-defined architecture aims to help utilities better leverage data, new technologies, and artificial intelligence (AI) to meet the increasing demand for reliable, affordable, and sustainable power and water.

Key features of Ovation 4.0 include:

• Advanced automation, simulation, and AI capabilities
• Grid edge ecosystem for managing distributed energy resources (DERs)
• Integration with Ovation Green renewable supervisory control and data acquisition software
• Generative AI models for prescriptive guidance on operational and maintenance practices
• Digital twin technology with AI models for data-driven decision-making

The platform is designed to modernize power and water operations, enabling utilities to keep pace with rapidly changing markets and work smarter, better, and faster.