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$EMR {{ '2017-05-01T10:56:38+0000' | timeago}} • Announcement

$EMR closed purchase of the Valves & Controls business from $PNR for $3.15Bil. The business will be integrated into $EMR's Automation Solutions platform.

$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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