Key Developments: Emerson Electric Co (EMR)
58.78USD
21 May 2013
$-0.52 (-0.88%)
$59.36
$59.44
$59.60
$58.68
4,000,490
3,761,938
$60.08
$43.58
Latest Key Developments (Source: Significant Developments)
Emerson Electric Co Declares Dividend
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
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
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
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
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
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
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
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
Emerson Electric Co Invests $25 Million In KSA Technology And Innovation Centre
Emerson Electric Co announced that it has underlined its commitment to the Middle East and Africa market with the announcement of a $25 million investment to create a technology and innovation centre in partnership with the King Fahd University of Petroleum and Minerals in the Kingdom of Saudi Arabia. Emerson has signed an agreement to lease land in the Dhahran Techno Valley for the Emerson Centre for Technology and Innovation, which will train technologists and innovation leaders of the future. The move by Emerson accelerates the Company`s presence and growth in Saudi Arabia. Full Article
Emerson Electric Co's Emerson Network Power Announces Strategic IT Partnership In Middle East And North Africa
Emerson Electric Co announced a strategic alliance with regional distributor Mindware in the Middle East and North Africa. Through the agreement, Mindware will deliver critical infrastructure products and solutions from Emerson Network Power to small and medium businesses in the region. Emerson Network Power is strengthening its presence in emerging markets such as the Middle East and Africa by serving the needs of small and medium businesses through an expanding IT channel. Adding to a strong portfolio of established systems integrators in the region, Emerson Network Power`s collaboration with Mindware bolsters this capability. Full Article
Emerson Electric sees signs of increased industrial demand
- Diversified U.S. manufacturer Emerson Electric Co met Wall Street profit forecasts for the first quarter and said it sees signs that demand for its industrial products may be picking up.
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