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Emerson Electric Co (EMR.N)

EMR.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Emerson Electric Reports Qtrly GAAP Earnings Per Share Of $0.97
Tuesday, 6 Aug 2019 

Aug 6 (Reuters) - Emerson Electric Co ::EMERSON REPORTS THIRD QUARTER 2019 RESULTS.QTRLY GAAP EARNINGS PER SHARE WERE $0.97.SEES FY 2019 EARNINGS PER SHARE $3.60 TO $3.70.MAINTAINED 2019 EPS GUIDANCE RANGE OF $3.60 TO $3.70.TARGETING ADDITIONAL $250 MILLION SHARE REPURCHASES IN FISCAL 2019.TARGETING ADDITIONAL $250 MILLION SHARE REPURCHASES IN FISCAL 2019.QTRLY NET SALES OF $4.7 BILLION INCREASED 5 PERCENT, OR 2 PERCENT ON AN UNDERLYING BASIS.EXPECT FULL YEAR RESTRUCTURING SPEND AND OTHER ACTIONS OF APPROXIMATELY $100 MILLION.GROWTH WAS BELOW MANAGEMENT EXPECTATIONS ACROSS BOTH BUSINESS PLATFORMS IN QUARTER.TRENDS REMAIN SOLID IN OUR GLOBAL PROCESS AND HYBRID MARKETS.EMERSON ELECTRIC - SEES 2019 FREE CASH FLOW OF ABOUT $2.5 BILLION.DISCRETE END MARKETS DECELERATED IN Q3, AND NORTH AMERICA GROWTH WAS HAMPERED BY SUBDUED UPSTREAM OIL AND GAS DEMAND.EMERSON ELECTRIC - SEES 2019 NET SALES GROWTH OF ABOUT 6%.EMERSON ELECTRIC - SEES 2019 UNDERLYING SALES GROWTH OF ABOUT 3%.  Full Article

Emerson Electric Co Says Increased Planned Restructuring Activities For The Remainder Of 2019
Monday, 29 Jul 2019 

July 29 (Reuters) - Emerson Electric Co ::INCREASED PLANNED RESTRUCTURING ACTIVITIES FOR THE REMAINDER OF 2019.EXPECT TO INCREASE FULL YEAR RESTRUCTURING SPEND AND OTHER ACTIONS TO APPROXIMATELY $100 MILLION.Q3 EARNINGS PER SHARE SLIGHTLY EXCEEDED MANAGEMENT'S MAY 7TH GUIDANCE OF $0.94 DUE TO A DISCRETE TAX BENEFIT..Q3 EARNINGS FROM OPERATIONS WERE LOWER THAN EXPECTED ON SLOWER SALES GROWTH, OFFSET BY LOWER CORPORATE COSTS.Q3 EARNINGS PER SHARE VIEW $0.94 -- REFINITIV IBES DATA.  Full Article

Emerson Electric Co Entered Into Pricing Agreement Dated May 15, 2019 - SEC Filing
Friday, 17 May 2019 

May 17 (Reuters) - Emerson Electric Co ::EMERSON ELECTRIC CO SAYS ON MAY 15, CO ENTERED INTO A PRICING AGREEMENT ( 'PRICING AGREEMENT') DATED MAY 15, 2019 - SEC FILING.EMERSON ELECTRIC CO - PUBLIC OFFERING OF EUR 500 MILLION AGGREGATE PRINCIPAL AMOUNT OF COMPANY'S 0.375% NOTES DUE 2024.EMERSON ELECTRIC CO - CO EXPECTS NET PROCEEDS FROM SALE OF NOTES TO BE ABOUT EUR 498.2 MILLION BEFORE DEDUCTING ESTIMATED EXPENSES OF OFFERING.  Full Article

Emerson Awarded 5-Year Contract With BP To Provide Predictive Maintenance & Operating Support Services
Monday, 6 May 2019 

May 6 (Reuters) - BP PLC ::EMERSON - AWARDED 5-YEAR CONTRACT WITH BP TO PROVIDE PREDICTIVE MAINTENANCE & OPERATING. SUPPORT SERVICES FOR CLAIR RIDGE PLATFORM AND GLEN LYON FPSO VESSEL.  Full Article

Temasek Holdings (Private) Ltd Dissolves Share Stake In Broadcom, Cuts in Alibaba
Thursday, 14 Feb 2019 

Feb 14 (Reuters) - Temasek Holdings (Private) Ltd::TEMASEK HOLDINGS (PRIVATE) LTD DISSOLVES SHARE STAKE IN BROADCOM INC - SEC FILING.TEMASEK HOLDINGS (PRIVATE) LTD TAKES SHARE STAKE OF 41.4 MILLION SHARES IN NIO INC.TEMASEK HOLDINGS (PRIVATE) LTD TAKES SHARE STAKE OF 18.2 MILLION CLASS C SHARES IN DELL TECHNOLOGIES INC.TEMASEK HOLDINGS (PRIVATE) LTD DISSOLVES SHARE STAKE IN JD COM INC.TEMASEK HOLDINGS (PRIVATE) LTD DISSOLVES SHARE STAKE IN EMERSON ELECTRIC CO.TEMASEK HOLDINGS (PRIVATE) LTD CUTS SHARE STAKE IN ANTERO RESOURCES CORP BY 43.4 PERCENT TO 5.5 MILLION SHARES.TEMASEK HOLDINGS (PRIVATE) LTD CUTS SHARE STAKE IN ALIBABA GROUP HOLDING LTD BY 5.6 PERCENT TO 27.4 MILLION SPONSORED ADS.TEMASEK HOLDINGS (PRIVATE) LTD CUTS SHARE STAKE IN TURQUOISE HILL RESOURCES LTD BY 28.0 PERCENT TO 51.0 MILLION SHARES.TEMASEK HOLDINGS (PRIVATE) LTD - CHANGE IN HOLDINGS ARE AS OF DECEMBER 31, 2018 AND COMPARED WITH PREVIOUS QUARTER ENDED AS OF SEPTEMBER 30, 2018.  Full Article

Emerson Electric Sets Regular Quarterly Cash Dividend Of $0.49 Per Share
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - Emerson Electric Co ::SETS REGULAR QUARTERLY CASH DIVIDEND OF $0.49 PER SHARE.  Full Article

Emerson Electric Co - Entered Into A Pricing Agreement With Banks
Thursday, 10 Jan 2019 

Jan 10 (Reuters) - Emerson Electric Co ::EMERSON ELECTRIC CO - ENTERED INTO A PRICING AGREEMENT WITH BANKS.EMERSON ELECTRIC CO - AGREEMENT RELATED WITH OFFERING OF EUR 500 MILLION 1.250% NOTES DUE 2025 AND EUR 500 MILLION 2.000% NOTES DUE 2029.EMERSON ELECTRIC CO - EXPECTS NET PROCEEDS FROM SALE OF NOTES TO BE APPROXIMATELY €988.4 MILLION BEFORE DEDUCTING ESTIMATED EXPENSES OF THE OFFERING.  Full Article

Emerson Electric Co Says CEO's FY 2018 Total Compensation Was $15.6 Mln
Friday, 14 Dec 2018 

Dec 14 (Reuters) - Emerson Electric Co ::EMERSON ELECTRIC CO SAYS CEO DAVID FARR'S FY 2018 TOTAL COMPENSATION WAS $15.6 MILLION VERSUS $12.5 MILLION IN FY 2017 - SEC FILING.  Full Article

Emerson Acquires Advanced Engineering Valves
Wednesday, 12 Dec 2018 

Dec 12 (Reuters) - Emerson Electric Co ::EMERSON ACQUIRES ADVANCED ENGINEERING VALVES.EMERSON ELECTRIC CO - TERMS OF DEAL WERE NOT DISCLOSED..  Full Article

Emerson Names Lal Karsanbhai To Lead Automation Solutions Platform
Wednesday, 15 Aug 2018 

Emerson Electric Co ::EMERSON NAMES LAL KARSANBHAI TO LEAD AUTOMATION SOLUTIONS PLATFORM.EMERSON ELECTRIC CO - LAL KARSANBHAI WILL SUCCEED MICHAEL TRAIN TO BECOME EXECUTIVE PRESIDENT OF EMERSON AUTOMATION SOLUTIONS.  Full Article