Key Developments: Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Emerson Electric Co And RedFlow Ltd Announces Asian Collaboration
Tuesday, 2 Jul 2013 07:32pm EDT 

Emerson Electric Co and RedFlow Ltd announced that they have formed a partnership to take RedFlow's unique flow battery storage technology into new markets. Under the agreement Emerson Network Power will integrate its solar solutions with RedFlow's Zinc Bromide Module (ZBM) flow batteries to provide power to remote sites that lack continuous power.  Full Article

Emerson Electric Co's Subsidiary Receives $67 Million In Valve Technologies Contracts
Tuesday, 11 Jun 2013 05:00am EDT 

Emerson Process Management, a business of Emerson Electric Co announced that it has been awarded contracts by Chevron Australia Pty Ltd. that are valued at USD67 million to provide control valves and valve actuators to help ensure the efficient and safe flow of natural gas at the Gorgon Project, one of the natural gas projects. Emerson Process Management is providing the majority of the control and shutdown valves for the project. Specifically, the contracts include more than 1,000 control valves, actuators, and valve controllers from Emerson. Additionally, Emerson's Roxar subsea wet gas meters will also be used to provide real-time, accurate measurements of hydrocarbon flow rates and water production.  Full Article

Emerson Electric Co Declares Dividend
Tuesday, 7 May 2013 09:30am EDT 

Emerson Electric Co announced that it declared the regular quarterly cash dividend of $0.41 per share of common stock payable June 10, 2013, to stockholders of record May 17, 2013.  Full Article

Emerson Electric Co Lowers FY 2013 Guidance
Tuesday, 7 May 2013 06:33am EDT 

Emerson Electric Co announced that for fiscal 2013, it expects sales to grow 1.5% to 2.5%. Earnings per share (EPS) are expected to be between $3.48 and $3.58. The Company reported revenue of $24.4 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25.18 billion and EPS of $3.59 for fiscal 2013.  Full Article

Emerson Electric Co's Emerson Process Management Wins $33 Million Contract To Upgrade Automation On Statoil Platform in Norwegian North Sea
Wednesday, 27 Feb 2013 10:00am EST 

Emerson Electric Co's Emerson Process Management announced that Statoil has awarded a $33 million contract to upgrade safety and automation systems on the Visund oil platform in the Norwegian North Sea.  Full Article

Emerson Electric Co Declares Dividend
Tuesday, 5 Feb 2013 09:32am EST 

Emerson Electric Co announced that it declared the regular quarterly cash dividend of $0.41 per share of common stock payable March 11, 2013, to stockholders of record February 15, 2013.  Full Article

Emerson Electric Co Updates FY 2013 Guidance
Tuesday, 5 Feb 2013 06:30am EST 

Emerson Electric Co announced that for fiscal 2013, it expects sales to grow 2% to 5%. Earnings per share (EPS) are expected to be between $3.53 and $3.63, with the continued expectation that 70% to 80% of the growth will occur in the first half of the year. The Company reported revenue of $24.4 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25.05 billion and EPS of $3.59 for fiscal 2013.  Full Article

Emerson Electric Co Beats On Profit, Plans Asset Sale-Reuters
Tuesday, 6 Nov 2012 09:48am EST 

Reuters reported that Emerson Electric Co reported a sharply lower quarterly net profit, reflecting a goodwill charge in its network power business, and said it expects earnings to grow by at least a single-digit percentage rate in fiscal 2013. Slower telecommunications and information technology markets led to the $592 million charge. Emerson said it will pursue a sale of its $1.4 billion embedded computing and power business.  Full Article

Emerson Electric Co Announces Quarterly Cash Dividend
Tuesday, 6 Nov 2012 06:32am EST 

Emerson Electric Co announced that the board of directors of have increased the quarterly cash dividend from $0.40 to $0.41 per share of common stock payable December 10, 2012, to stockholders of record November 16, 2012.  Full Article

Emerson Electric Co Issues FY 2013 Guidance In Line With Analysts' Estimates
Tuesday, 6 Nov 2012 06:30am EST 

Emerson Electric Co announced that based on current market conditions with slowing economic momentum, reported and underlying sales in fiscal 2013 are expected to grow at a rate in a low single digit range of breakeven to 5%. Excluding the goodwill impairment, EBIT margin is expected to improve 10 to 20 basis points(3) , which would result in earnings per share (EPS) growth in the mid to high single digits from $3.39 in 2012. The Company reported revenue of $24.4 billion in fiscal 2012. According to I/B/E/S Estimates, analysts were expecting the Company to report revenue of $25.2 billion and EPS of $3.63 for fiscal 2013.  Full Article

Schneider Electric agrees $5.2 billion takeover of Invensys

PARIS - France's Schneider Electric is to buy British engineer Invensys for an agreed 3.4 billion pounds ($5.2 billion) to strengthen its high-margin industrial automation business and win more custom in the fast-growing energy sector.

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