$EMR (Emerson Electric Co.)

$EMR {{ '2016-08-02T16:12:52+0000' | timeago}} • Announcement

$EMR said it agreed to sell Network Power to Platinum Equity and a group of co-investors. The transaction is valued at $4Bil and $EMR will retain a subordinated interest in Network Power. The sale of Network Power is expected to close by Dec. 31, 2016. Network Power will continue to be led by Scott Barbour, who has been EVP of $EMR.

$EMR {{ '2018-01-18T20:45:13+0000' | timeago}} • Announcement

$EMR acquired ProSys Inc., a global supplier of software and services that increase production and safety for the chemical, oil and gas, pulp and paper, and refining industries.

$EMR {{ '2017-12-20T17:13:16+0000' | timeago}} • Announcement

$EMR agreed to acquire Cooper-Atkins, a manufacturer of temperature management and environmental measurement devices and wireless monitoring solutions for foodservice, healthcare and industrial markets. The acquisition is expected to close within the next 60 days.

$EMR {{ '2017-12-04T21:49:05+0000' | timeago}} • Announcement

$EMR has completed the purchase of Paradigm, a provider of software solutions to the oil and gas industry. The combination of Paradigm with $EMR’s Roxar software business creates a comprehensive Exploration & Production (E&P) software portfolio offering. Paradigm is headquartered in Houston and has more than 500 employees globally.

$EMR {{ '2017-11-07T13:35:27+0000' | timeago}} • Infographic

$EMR Emerson Electric Co. Earnings AlphaGraphic: Q4 2017 Highlights

$EMR {{ '2017-11-07T12:23:53+0000' | timeago}} • Announcement

$EMR expects FY18 net sales to be up 8-10%, with underlying sales up 4-6%. The company predicts FY18 GAAP EPS of $2.66-2.86 and adjusted EPS of $2.75-2.95. As a result of the divestiture, the 1Q18 tax rate is expected to be about 40%.

$EMR {{ '2017-11-07T12:18:23+0000' | timeago}} • Announcement

In FY18, $EMR expects Automation Solutions net sales to be up 14-16%, with underlying sales up 5-7%. Commercial & Residential Solutions net sales are expected to be down 1% to up 1% and underlying sales are expected to be up 3-5% excluding the impact of the ClosetMaid divestiture and currency translation of 4%.

$EMR {{ '2017-11-07T12:15:57+0000' | timeago}} • Announcement

In FY18, $EMR expects oil and gas prices to remain stable in a range favorable for energy related markets, while growth in air conditioning, refrigeration and global construction markets is expected to continue.

$EMR {{ '2017-11-07T12:13:52+0000' | timeago}} • Announcement

$EMR reported a 15% growth in 4Q17 earnings driven by higher sales. Net income rose to $504MM or $0.78 per share from $438MM or $0.68 per share last year. Net sales grew 13% to $4.44Bil, on a 3% rise in underlying sales excluding favorable currency of 1% and an impact from acquisitions of 9%. Adjusted EPS increased 12% to $0.83.

$EMR {{ '2017-11-06T12:36:13+0000' | timeago}} • Announcement

$EMR was awarded a contract by ENGIE to replace legacy combustion turbine controls with Ovation turbine control technology at its DK6 800-MW combined-cycle power plant in Dunkirk, France.

$EMR {{ '2017-10-23T14:31:52+0000' | timeago}} • Announcement

$EMR said FY17 net sales of $15.3Bil increased 5%, including the Valves & Controls acquisition and underlying sales growth of 1%, reflecting broad-based recovery across key end markets. EPS from continuing operations were $2.54 and adjusted EPS were $2.64.

$EMR {{ '2017-10-23T14:30:41+0000' | timeago}} • Announcement

$EMR said net sales in 4Q17 of $4.4Bil increased 13%, reflecting the Valves & Controls acquisition and underlying sales growth of 3%. Hurricanes Harvey and Irma only moderately affected 4Q sales. EPS from continuing operations were $0.77, up 4% from last year and adjusted EPS were $0.83, up 12%.

$EMR {{ '2017-10-16T14:39:32+0000' | timeago}} • Announcement

$EMR agreed to acquire Paradigm, a provider of software solutions for the oil and gas industry, for a purchase price of $510MM, reflecting a multiple of 13 times expected 2017 EBITDA. The acquisition is expected to close within the next 60 days.

$EMR {{ '2017-10-11T12:07:27+0000' | timeago}} • Announcement

$EMR acquired GeoFields,a provider of software and services for the oil and gas pipeline industry . Terms of the acquisition were not disclosed.

$GFF {{ '2017-09-06T14:09:51+0000' | timeago}} • Announcement

$GFF said it entered into a definitive agreement to acquire ClosetMaid Corporation from $EMR for $260MM. The company expects to close the transaction by end of Sept. 2017.

$EMR {{ '2017-07-17T16:47:55+0000' | timeago}} • Announcement

$EMR received 15-year, $20MM contract to modernize controls at San Francisco's largest wastewater plant. The San Francisco Public Utilities Commission has selected $EMR as the design-build contractor for a comprehensive automation project to modernize its Southeast Treatment Plant.

$EMR {{ '2017-07-13T16:30:25+0000' | timeago}} • Announcement

$EMR plans for a major renovation and expansion of the labs and offices at its existing 1MM-square-foot facility in Sidney, Ohio. The project is expected to require $100MM in investments over the next four years. Construction is slated to be completed by 2021.

$EMR {{ '2017-07-10T11:08:05+0000' | timeago}} • Announcement

$EMR appointed Craig Rossman as president of its White-Rodgers business. Rossman succeeds Jack Huether, who has been leading White-Rodgers while also serving as group president of $EMR's sensors and controls businesses. In this leadership role Rossman will report to Huether. These changes were effective July 1.

$EMR {{ '2017-06-21T10:54:21+0000' | timeago}} • Announcement

Tech company $EMR has launched a new dual-mode wireless gateway, expanding its wireless portfolio. The gateway supports IEC 62951 WirelessHART and ISA100.11a industrial wireless communications standards. Emerson said an upcoming release of its dual-mode wireless gateway will be integrated into the Cisco 1552WU.

$EMR {{ '2017-06-12T21:19:56+0000' | timeago}} • Announcement

$EMR signed a Memorandum of Understanding (MoU) with Saudi Aramco during the recently held Saudi-U.S. CEO Forum in Riyadh. The agreement will help bring advanced digitization and automation technologies to one of the leading energy and chemicals companies.

$EMR {{ '2017-05-11T20:57:45+0000' | timeago}} • Announcement

$EMR announced the launch of an additional $63MM in strategic investments for its InSinkErator's Southeast Wisconsin operations, including nearly $34MM for a new headquarters and lab facility to be built in Mount Pleasant. $EMR also announced $29MM in planned improvements at InSinkErator’s manufacturing facility in Racine.

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