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Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

60.28USD
28 Apr 2017
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Latest Key Developments (Source: Significant Developments)

Emerson to purchase Valves & Controls business of Pentair for $3.15 bln
Thursday, 18 Aug 2016 04:30pm EDT 

Emerson Electric Co says - :Emerson announced it has signed an agreement to purchase the Valves & Controls business of Pentair for $3.15 billion.  Full Article

Emerson agrees to sell Network Power for $4 billion
Tuesday, 2 Aug 2016 06:49am EDT 

Emerson Electric Co: Emerson reaches agreement to sell network power for $4 billion to platinum equity . Will retain a subordinated interest in network power .Network Power to continue to be led by Scott Barbour, executive vice president of Emerson and business leader for Network Power.  Full Article

Emerson reports Q3 earnings per share $0.74
Tuesday, 2 Aug 2016 06:45am EDT 

Emerson Electric Co : Q3 earnings per share $0.74 . Q3 adjusted earnings per share $0.80 excluding items . Q3 earnings per share view $0.84 -- Thomson Reuters I/B/E/S . Q3 sales $5.1 billion versus I/B/E/S view $5.32 billion . Sees FY 2016 earnings per share $2.37 to $2.55 . FY 2016 reported sales are expected to be down 9 to 10 percent . FY2016 earnings per share view $3.07 -- Thomson Reuters I/B/E/S . Considering tough market conditions, expects fiscal year 2016 underlying sales to be down 5 to 6 percent, excluding items .Sees FY 2016 adjusted earnings per share $2.90 to $3.00.  Full Article

Emerson Electric q3 adjusted EPS $0.80
Tuesday, 2 Aug 2016 06:45am EDT 

Emerson Electric Co : Q3 earnings per share $0.74 . Sees FY earnings per share $2.37 to $2.55 . Sees fy 2016 sales down 5 to 6 percent . Q3 results "continued to reflect low growth global environment facing our businesses" . Expects 2016 underlying sales to be down 5 to 6 percent excluding negative currency translation . Sees FY reported sales expected to be down 9 to 10 percent . Q3 adjusted earnings per share $0.80 excluding items . Qtrly net sales $5,126 million versus $5,503 million . Emerson electric co sees FY reported sales to be down 9 to 10 percent . Sees fy adjusted earnings per share $2.90 to $3.00 . FY2016 earnings per share view $3.07 -- Thomson Reuters I/B/E/S .Also expects to spend an additional $50 to $60 million in fiscal 2017 in restructuring.  Full Article

Emerson Electric to sell Leroy-Somer and Control Techniques Businesses to Nidec Corp for $1.2 bln
Tuesday, 2 Aug 2016 06:35am EDT 

Emerson Electric Co : Deal for $1.2 billion . Emerson to sell Leroy-Somer and Control Techniques Businesses to Nidec Corporation .J.P. Morgan securities LLC and Centerview Partners LLC served as financial advisors to Emerson.  Full Article

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

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BRIEF-Emerson completes Pentair Valves & Controls acquisition

* Emerson completes Pentair Valves & Controls acquisition Source text for Eikon: Further company coverage: