Emerson Electric Co (EMR.N) Key Developments | Reuters.com
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Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

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28 Jun 2016
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Latest Key Developments (Source: Significant Developments)

Emerson Electric says May trailing three-month orders decreased 5 pct
Wednesday, 22 Jun 2016 07:19am EDT 

Emerson Electric Co : Expects to increase restructuring expenses to approximately $90-100 million for fiscal 2016 . Trailing three-month orders for may decreased 5 percent .May 2016 underlying orders, which exclude a negligible impact from currency translation, were down 6 percent.  Full Article

Emerson Electric says April 2016 trailing three-month orders fell 2 pct
Wednesday, 18 May 2016 08:47am EDT 

Emerson Electric Co : Now expect underlying sales for fiscal 2016 to be at lower end of range previously communicated . "Expect that fiscal 2016 earnings per share will still be within range previously communicated" . April 2016 trailing three-month orders decreased 2 percent as monthly orders continue to reflect impact of low oil prices . April 2016 underlying orders were down 5 percent - sec filing . FY2016 earnings per share view $3.10 -- Thomson Reuters I/B/E/S .FY2016 earnings per share view $3.10, revenue view $20.75 billion -- Thomson Reuters I/B/E/S.  Full Article

Emerson Electric Co affirms FY 2016 guidance; gives Q2 2016 guidance
Tuesday, 2 Feb 2016 07:00am EST 

Emerson Electric Co:Affirm FY 2016 guidance for adjusted earnings per share of about $3.05 to $3.25.Says underlying sales for FY 2016 are still expected to be down about 2 to 5 percent excluding negative currency translation of about 2 percent and a 2 percent deduction from completed divestitures.Expects FY 2016 reported sales to be down about 6 to 9 percent.Expects Q2 2016 underlying sales to decline about 4 to 6 percent excluding negative currency translation and an impact from divestitures of about 2 percent each.Expects Q2 2016 reported sales to be down about 8 to 10 percent.Expects Q2 2016 adjusted earnings per share to be about $0.60 to $0.65 excluding about $75 million of separation costs.Expects Q2 2016 reported earnings per share to be $0.49 to $0.54.  Full Article

Emerson Electric Co increases quarterly cash dividend
Tuesday, 3 Nov 2015 10:45am EST 

Emerson Electric Co:Increases quarterly cash dividend.To increase quarterly cash dividend from forty-seven cents to forty-seven and a half cents per share of common stock.  Full Article

Emerson sells intermetro business to Ali Group
Wednesday, 30 Sep 2015 08:15am EDT 

Emerson Electric Co:Announced it has closed on the sale of its InterMetro business to Ali Group.Final terms of the sale were not disclosed.  Full Article

Emerson Electric Co signs 10-year agreement with BP
Monday, 17 Aug 2015 10:00am EDT 

Emerson Electric Co:Signs 10-year agreement with BP for enhanced oil and gas project execution and operational reliability.New 10-year agreement extends the existing arrangement between the companies, allowing Emerson to provide an expanded scope of technologies and expertise that help ensure safe and competitive projects and support BP's Field of the Future program for enhanced operating efficiency and oil recovery.New agreement expands the companies' existing relationship on upstream projects.Says Emerson will continue to supply automation system technologies, including distributed control systems and safety instrumented systems.  Full Article

Emerson Electric Co declares dividend
Tuesday, 4 Aug 2015 11:31am EDT 

Emerson Electric Co:Declared regular quarterly cash dividend of $0.47 per share of common stock.Payable on September 10 to stockholders of record date as on August 14.  Full Article

Emerson Electric Co lowers FY 2015 guidance
Tuesday, 4 Aug 2015 07:00am EDT 

Emerson Electric Co:Expect FY 2015 net sales to decline about 9 percent.Says underlying sales are expected to be down about 2 percent, excluding negative currency translation of about 5 pct. and a 2 pct. deduction from divestitures.Says that as a result, FY 2015 reported earnings per share are expected to be $3.97 to $4.07, including power transmission solutions divestiture gain of $0.77 per share.  Full Article

Emerson plans to spin off network power business
Tuesday, 30 Jun 2015 06:00am EDT 

Emerson:Announces strategic portfolio repositioning; plans to spin off network power business and explore other strategic actions.Strategy to include exploring strategic alternatives for the motors and drives, power generation and remaining storage businesses.Says will conduct a complete review and assessment of its corporate services and structure.Says spinoff of network power will result in two separate, companies with distinct strategies and investment profiles.Says network power separation transaction will not require approval from Emerson shareholders.Says JP Morgan and centerview partners are serving as financial advisors.Says plans to spin off its network power business via a tax-free distribution to shareholders.  Full Article

Emerson Electric Co gives FY 2015 guidance; EPS guidance below analysts' estimates
Tuesday, 5 May 2015 07:00am EDT 

Emerson Electric Co:Expects FY 2015 net sales to decline (7) to (5) pct.Expects FY 2015 underlying sales growth to be 0 to 2 pct.Expects FY 2015 reported EPS to be $4.17 to $4.32.Reported net sales of $24.5 billion in FY 2014.FY 2015 revenue of $23.178 billion and EPS of $4.36 - Thomson Reuters I/B/E/S.  Full Article

BRIEF-Emerson Electric says May trailing three-month orders decreased 5 pct

* Expects to increase restructuring expenses to approximately $90-100 million for fiscal 2016