Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) is set to announce its fourth quarter and full year financial results on Wednesday, Nov. 2, 2022, before market opening. A conference call for investors will be held at 9 a.m. Eastern Time, where senior management will discuss the results. Interested parties can access the live call and presentation slides via the company’s investor website. A replay of the call will be available for three months post-event.

Emerson (NYSE: EMR) has reached an agreement to divest its Russia operations, including Metran and Emerson LLC, to the local management team. This decision follows Emerson's prior announcement to exit the Russian market. The Russia business contributed approximately 1.5% to Emerson's total sales for fiscal year 2021, and the company reported a pre-tax loss of $162M in Q3 fiscal 2022 related to this exit. The transaction is pending regulatory approvals and aims to ensure a smooth transition for employees.

Emerson (NYSE: EMR) has unveiled a new global advertising campaign and tagline, “Go Boldly,” aimed at showcasing its commitment to sustainability and technological innovation. This initiative follows Emerson's cultural transformation to enhance its software capabilities, highlighted by a recent transaction with AspenTech. The campaign will be promoted across major media platforms, replacing the previous tagline, “Consider It Solved.” Additionally, Emerson is introducing a unique sonic logo to strengthen brand identity. The initiative reflects Emerson's focus on helping industries achieve operational optimization and sustainability goals.

Emerson (NYSE: EMR) has strategically invested in Spearix Technologies, Inc., focusing on its adaptive multi-core radio processor aimed at enhancing Industrial Internet of Things (IIoT) wireless communication. This marks Emerson Ventures as the first institutional investor in Spearix. The investment will help improve Emerson’s IIoT capabilities and Spearix's growth, addressing major wireless communication challenges posed by interference in industrial environments. Additionally, an engineering collaboration agreement has been established to leverage Spearix’s technology for enhanced network reliability.

Emerson (NYSE: EMR) will provide integrated wind automation solutions to Taiyuan Heavy Industry for three wind farms in Shanxi Province, China, capable of generating 300 megawatts of clean energy for over 35 million residents in Northern China. This initiative supports China's goal to reduce fossil fuel reliance to under 20% by 2060. Emerson's collaboration aims to enhance renewable energy capabilities, leveraging expertise from its recent acquisition of Mita-Teknik. The wind farms are expected to commence commercial operations in 2023.

Emerson (NYSE: EMR) reported a strong third fiscal quarter ending June 30, 2022, with net sales of $5.0 billion, reflecting a 7% year-over-year increase. The company's GAAP EPS rose by 48% to $1.54, and adjusted EPS increased by 16% to $1.38, aided by the AspenTech transaction. Underlying orders grew by 10% while the Americas saw a 14% rise. However, operating cash flow fell 33% to $740 million due to increased working capital and supply chain issues. Emerson also announced the sale of InSinkErator for $3.0 billion and updated its 2022 outlook, increasing EPS guidance to between $5.25 and $5.35.

Whirlpool Corporation (NYSE: WHR) has agreed to acquire InSinkErator from Emerson Electric Co. (NYSE: EMR) for $3.0 billion in cash. InSinkErator, the leader in food waste disposal with a 70% market share, is expected to generate $650 million in sales and $170 million in EBITDA for the fiscal year ending September 30, 2022. The deal, set to close in Q4 2022, aims to enhance Whirlpool's portfolio and is projected to add $1.25 to EPS in fiscal 2023. The acquisition will be initially funded through liquidity, with debt financing to follow.

Emerson (NYSE: EMR) has announced the sale of its InSinkErator business to Whirlpool Corporation (NYSE: WHR) for $3.0 billion. As of March 31, 2022, InSinkErator generated $595 million in revenue and $166 million in EBITDA, marking a transaction value of 18.1x EBITDA. This move is part of Emerson’s strategy to diversify and enhance its growth portfolio. The deal is expected to close in Emerson's 2023 fiscal year, pending regulatory approvals. This acquisition allows Whirlpool to expand its product lineup in the home appliance sector.

Emerson and Ameren Missouri have partnered to provide energy-saving technology, showcasing the Sensi™ smart thermostat, recognized with the ENERGY STAR Partner of the Year – Sustained Excellence Award. Ameren customers can purchase an energy savings bundle for $1, which includes a Sensi thermostat and an Emporia smart plug. The product promotes efficiency through scheduling, remote access, and compatibility with major smart home platforms.