Key Developments: Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

67.10USD
11 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Emerson Electric Co announces acquisition of Management Resources Group Inc
Tuesday, 20 May 2014 09:00am EDT 

Emerson Electric Co:Says that it has acquired Management Resources Group, Inc. (MRG), a reliability consulting services firm.  Full Article

Emerson Electric Co agrees to sell Connectivity Solutions business to Bel Fuse
Friday, 16 May 2014 06:40pm EDT 

Emerson Electric Co:Says that it has agreed to divest its Connectivity Solutions business unit to Bel Fuse, Inc.Says transaction, valued at $98 mln , is expected to close before end of fiscal year, with proceeds deployed for incremental share repurchase in 2014.  Full Article

Emerson Electric Co collaborates with Facebook on design for Rapid Deployment Data Center
Thursday, 8 May 2014 08:00am EDT 

Emerson Electric Co:Says it is working with Facebook to design and deploy the company`s second data center building in LuleĆ„, Sweden.  Full Article

Emerson Electric Co declares regular quarterly cash dividend
Tuesday, 6 May 2014 09:41am EDT 

Emerson Electric Co:Says board of directors has declared regular quarterly cash dividend of $0.43 per share of common stock.Says it will be payable on June 10 to stockholders of record May 16.  Full Article

Emerson Electric Co reaffirms FY 2014 outlook
Tuesday, 6 May 2014 07:00am EDT 

Emerson Electric Co:Expects FY 2014 underlying sales growth of 3 to 5 pct.Expects FY 2014 net sales of (1) to 1 pct, reflecting completed acquisitions, divestitures, and currency translation.Expects FY 2014 earnings per share outlook at $3.68 to 3.80 on a reported basis.Reported revenue of $24.669 bln in FY 2013.FY 2014 EPS of $3.77 - Thomson Reuters I/B/E/S.  Full Article

Emerson Electric Co declares dividend
Tuesday, 4 Feb 2014 09:35am EST 

Emerson Electric Co:Says the board of directors has declared the regular quarterly cash dividend of $0.43 per share of common stock.Says it will be payable on Mar. 10 to stockholders of record Feb. 14.  Full Article

Emerson Electric Co reaffirms FY 2014 guidance
Tuesday, 4 Feb 2014 07:00am EST 

Emerson Electric Co:Reaffirmed FY 2014 guidance.Expects FY 2014 underlying sales growth of 3 pct to 5 pct and net sales of (1) pct to 1 pct.Says excluding impairments and repatriation charges in the prior year, FY 2014 earnings per share are expected to increase 4 pct to 7 pct, or 33 pct to 38 pct on a reported basis.Says it reported revenue of $24.61 bln and EPS of $3.48 in FY 2013.FY 2014 24.8 bln and EPS of $3.81 - Thomson Reuters I/B/E/S.  Full Article

SPX Corp completes sale of its joint venture interest in EGS Electrical Group to Emerson Electric Co
Tuesday, 7 Jan 2014 09:12am EST 

SPX Corp:Completes the sale of its 44.5 pct joint venture interest in EGS Electrical Group LLC to Emerson Electric Co. for $574 million.Expects to pay cash taxes on the transaction of about $225 mln, bringing the net, after-tax proceeds to about $350 mln.  Full Article

SPX Corp announces agreement to sell its joint venture interest in EGS Electrical Group to Emerson Electric Co
Wednesday, 4 Dec 2013 08:00am EST 

SPX Corp:Says it has entered into a definitive agreement to sell its 44.5% joint venture interest in EGS Electric Group LLC to Emerson Electric Co. for $571 million.Says the sale is expected to close in the first quarter of 2014.  Full Article

Emerson Electric Co Announces Close On Sale Of Embedded Computing & Power Majority Interest To Platinum Equity
Friday, 22 Nov 2013 01:43pm EST 

Emerson Electric Co announced that it has closed the sale of a 51% stake in its embedded computing and power business to Platinum Equity. Emerson retains a 49% non-controlling interest in the business, which now operates as an independent company.  Full Article

UPDATE 1-Emerson Electric's revenue beats estimates

Feb 4 - Emerson Electric Co reported higher-than-expected first-quarter revenue, helped by robust demand from China.

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