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Emerson Schedules Second Quarter 2024 Earnings Release and Conference Call
PRNewsWire· 2024-04-17 13:11
ST. LOUIS, April 17, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) will report its second quarter results prior to market open on Wednesday, May 8, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/ ...
Emerson's Next-Generation Software Streamlines Pharmaceutical Development, Accelerates Speed to Market
Prnewswire· 2024-04-16 13:00
DeltaV Workflow Management delivers scalable recipe authoring and execution technologies for life sciences companies ST. LOUIS, April 16, 2024 /PRNewswire/ -- Global automation technology and software leader Emerson (NYSE: EMR) today introduced DeltaV™ Workflow Management, a next-generation software designed for life sciences companies in early-stage development. The new software continues Emerson's expansion of capabilities of the evolving DeltaV automation platform to offer more scalable options to suit t ...
Emerson Electric: Company Restructuring Has Proven Successful
Seeking Alpha· 2024-04-16 08:02
Emerson Automation Solutions office in Calgary, Alberta, Canada JHVEPhoto/iStock Editorial via Getty ImagesIn June 2023, I published my article about Emerson Electric (NYSE:EMR) which was in the restructuring phase at that time. The acquisition of new subsidiaries has largely been completed to date, as confirmed by Emerson's management. Among the most important changes, it should be mentioned that last October, Emerson completed the acquisition of National Instruments in an 8.2 billion dollar transaction. ...
Cream of the Crop: The 3 Highest-Rated Dividend Aristocrats to Buy in April
InvestorPlace· 2024-04-09 17:53
Investing in stocks is a high-risk endeavor, no matter how seasoned an investor you are. There will always be some that catch you off guard and throw your portfolio into a string of losses that are hard to recover from. Many people tout “holy grail” strategies, especially on social media. I believe they’re all wishful thinking at best. But with the right stocks — like Dividend Aristocrats — you can find investments to buy and hold forever. To come up with the list of stocks in this article, I screened the l ...
Here's Why You Should Retain Emerson (EMR) in Your Portfolio
Zacks Investment Research· 2024-03-21 15:26
Emerson Electric Co. (EMR) has been experiencing healthy demand across most of its end markets. Solid demand in the process and hybrid markets is boosting the company’s underlying orders. Management anticipates sales in the process and hybrid end markets to be robust in fiscal 2024 (ending September 2024), driven by strength in chemical, life sciences, LNG, metals and mining, and sustainability and decarbonization end markets.Within the Intelligent Devices business unit, the company is seeing strength in th ...
Dividend Aristocrats 2024: The Crème de la Crème of Income Investing
InvestorPlace· 2024-03-14 12:10
Dividend Aristocrats—companies listed on the S&P 500 that have increased their dividends for at least 25 consecutive years—can be a good option for investors looking for income and growth. They are often considered reliable income sources and indicate a company’s financial health. Yet that’s not the only consideration when buying stocks. Investors must consider other factors, like their ability to pay and grow the dividends in the future, their current evaluations, and, of course, analyst recommendations, t ...
Emerson Electric Co. (EMR) J.P. Morgan's 2024 Industrials Conference Transcript
2024-03-14 00:40
Summary of Emerson Electric Co. Conference Call Company Overview - **Company**: Emerson Electric Co. (NYSE: EMR) - **Date**: March 13, 2024 - **Participants**: - Ram Krishnan - Chief Operating Officer - Mike Baughman - Chief Financial Officer - Colleen Mettler - Investor Relations Key Points Business Performance - **Order Growth**: Exited Q1 with 4% underlying orders, expecting low-single digits in the first half, and mid-single digits by year-end [3][4] - **Sales Growth**: Achieved 10% sales growth in Q1, with a backlog of approximately $7.6 billion [3][4] - **Project Funnel**: Healthy project funnel at $10.4 billion, yielding $400 million to $500 million quarterly [4][23] Market Trends - **Sector Strengths**: Strong performance in process hybrid and measurement solutions, with a 28% sales growth in Measurement Solutions [7][8] - **Geographic Performance**: - Middle East and India: $1.5 billion, double-digit growth - China: $1.9 billion, 9% growth in Q1, expecting mid-single digit growth [11][8] - Western Europe: 10% sales growth in Q1 [8] Discrete Business Insights - **Recovery Expectations**: Modest sequential recovery anticipated in the discrete automation business, primarily driven by automotive and semiconductor sectors [12][14] - **German Machine Builders**: Positive outlook from German machine builders, with marginally better orders in Q2 compared to Q1 [20][21] LNG and Utility Sector - **LNG Business**: 17% of the project funnel is related to LNG, with an annual business of $300 million to $400 million [26][27] - **Utility Sector**: Ovation control systems account for 50% of power generation in the US, with low-single digit growth expected [29][30] NI Business Overview - **Revenue Guidance**: Expected revenues of $1.5 billion to $1.6 billion for the year, with low-single digit decline anticipated [36] - **Market Diversification**: NI's business is diversified across various sectors, including life sciences, semiconductors, and aerospace [33] Cost and Pricing Strategy - **Pricing Strategy**: Anticipating a 2% price increase, with favorable net material inflation [50][55] - **Synergy Goals**: Targeting $185 million in synergies by year three, maintaining 31% adjusted EBITDA margins by year five [44][47] Macro Environment and Future Outlook - **Political Impact**: Neutral to slightly positive outlook regardless of the US election outcome, with ongoing benefits from the Infrastructure Act and CHIPS Act [72][73] - **AI Integration**: Exploring AI use cases to enhance productivity across various departments, including engineering and supply chain [75][76] Additional Insights - **Backlog Management**: Expecting to liquidate about $200 million of backlog as the year progresses, maintaining high levels through Q3 [24] - **Investment in Software**: Focus on integrating software capabilities to enhance automation and operational efficiency [67][68] This summary encapsulates the key insights and data points from the conference call, providing a comprehensive overview of Emerson Electric Co.'s current business status, market dynamics, and future outlook.
Emerson Electric Co. (EMR) J.P. Morgan's 2024 Industrials Conference Transcript
Seeking Alpha· 2024-03-14 00:40
Emerson Electric Co. (NYSE:EMR) J.P. Morgan’s 2024 Industrials Conference March 13, 2024 3:00 PM ET Company Participants Stephen Tusa - Analyst, J.P. Morgan Ram Krishnan - Chief Operating Officer, Emerson Electric Co. Colleen Mettler - Investor Relations, Emerson Electric Co. Mike Baughman - Chief Financial Officer, Emerson Electric Co. Conference Call Participants Stephen Tusa All right, great. We’re going to move along here with Emerson, CFO, Mike Baughman. What’s your title now? COO. I mean you’ve done s ...
4 Stocks to Buy From the Thriving Manufacturing Electronics Industry
Zacks Investment Research· 2024-03-13 15:10
The Zacks Manufacturing - Electronics industry is poised to benefit from steady demand across the electronic services end market, growing adoption of advanced manufacturing technologies and processes and product innovation efforts. A surge in e-commerce activities is also likely to foster the industry’s growth.However, challenges in the manufacturing sector amid persistent supply-chain issues have been denting the performance of some industry players. Eaton Corporation plc (ETN) , Emerson Electric Co. (EMR) ...
Emerson to Provide Integrated Hydrogen Mobility Technologies to H2 Hauler
Prnewswire· 2024-03-11 13:00
Emerson technology enables the safe and efficient management of hydrogen terminal operations and remote monitoring of H2 Hauler distribution network TOOWOOMBA, Australia, March 11, 2024 /PRNewswire/ -- H2 Hauler, an Australian-based company that designs, manufactures and certifies storage and distribution equipment for compressed hydrogen, has selected global technology and software leader Emerson (NYSE: EMR) as its technology partner to provide a consolidated and integrated hydrogen mobility business manag ...