Emerson Elec Co Stock Price, News & Analysis

One Rock Capital Partners has completed the acquisition of Therm-O-Disc, a subsidiary of Emerson (NYSE: EMR). Therm-O-Disc specializes in safety-critical sensors and components for various industries, including HVAC and aerospace. One Rock aims to leverage its strategic resources to enhance Therm-O-Disc's growth and operational success. Scott Spielvogel emphasized the company’s innovation and customer service as key strengths that will drive future expansion. The acquisition reflects One Rock's strategy of investing in growth potential and operational improvements.

Emerson (NYSE: EMR) has secured a five-year framework agreement with Jotun, a leading paint manufacturer, to enhance automation across its manufacturing facilities. This partnership aims to implement Emerson’s digital technologies, significantly boosting throughput, product quality, and operational efficiency while reducing costs. The collaboration includes the deployment of the DeltaV™ distributed control system and various automation solutions, which will be pivotal for Jotun’s new projects and existing upgrades globally.

Emerson (NYSE: EMR) partners with Toyota Australia to develop a commercial-grade hydrogen production facility, supported by the Australian Renewable Energy Agency (ARENA). The project aims to enhance hydrogen fuel generation, leveraging Emerson's DeltaV™ control system for improved monitoring and productivity. This collaboration is positioned to address the growing demand for renewable fuels, integrating multiple data sources for operational efficiency while maintaining sustainability standards.

Aspen Technology (AZPN) has completed its acquisition of Emerson Electric's OSI and Geological Simulation Software (GSS) businesses for $6 billion. Emerson now holds a 55% stake in AspenTech, which aims to enhance market penetration through an extended commercial partnership. With more than 3,700 employees in 41 countries, AspenTech plans to leverage its diversified capabilities to address industrial sustainability and efficiency challenges. The GSS segment, renamed Subsurface Science and Engineering, will strengthen AspenTech's position in the oil and gas supply chain.

Emerson (NYSE: EMR) has successfully closed its merger with AspenTech, combining Emerson's industrial software assets with AspenTech to create a leading global software entity, referred to as new AspenTech. Emerson holds 55% ownership, while AspenTech shareholders retain 45%. The new AspenTech will trade under the symbol AZPN from May 17, 2022. This merger is expected to accelerate Emerson's software strategy, enhance its growth trajectory, and realize significant revenue and cost synergies in an evolving market.

Emerson (NYSE: EMR) reported a strong fiscal Q2 2022, with a 22% increase in GAAP EPS to $1.13 and 8% growth in net sales to $4.8 billion. Underlying orders rose 13%, driven by robust demand across regions. The company also announced plans to exit its Russia business and increased its fiscal 2022 outlook, forecasting 8-10% net sales growth and expected EPS of $4.77 to $4.92. Despite challenges from supply chain issues, the operational performance reflects effective cost management and market demand.

Emerson (NYSE: EMR) will announce its second-quarter results on May 4, 2022, before the market opens. A conference call with senior management is scheduled for 9 a.m. Eastern Time to discuss the results. Interested participants can access the call via the Investors section of Emerson's website, where presentation slides will also be available. A replay of the call will be accessible for three months.

Sealed Air (NYSE: SEE) announces the appointment of Elizabeth Adefioye to its Board of Directors, expanding the board to 10 members. Adefioye, currently Chief People Officer at Emerson (NYSE: EMR), brings extensive HR leadership experience from her previous roles at Ingredion, Johnson & Johnson, and Novartis Consumer Health. Her expertise in transforming organizational culture aims to support SEE's commitment to sustainability and a people-first approach. SEE generated $5.5 billion in sales in 2021 and employs approximately 16,500 people globally.