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Emerson Electric Co. reports developments for a global automation business focused on industrial software, control systems, measurement, valves, and related automation technologies. Company news regularly covers quarterly results, outlook updates, dividends, investor presentations, board changes, and portfolio actions tied to its automation-focused operating model.
Product and customer updates include AspenTech industrial software and AI capabilities, the DeltaV™ and Ovation™ Automation Platforms, cybersecurity collaborations for operational technology environments, and automation work for power, water, renewable energy, carbon capture, and other critical infrastructure applications.
Emerson has agreed to sell a majority stake in its Climate Technologies business to Blackstone for $14 billion, receiving approximately $9.5 billion in upfront cash. The deal retains Emerson a 45% stake in a new joint venture focused on HVAC and refrigeration, expected to generate $5 billion in sales. This strategic move aims to position Emerson as a pure-play automation company with higher growth potential, leveraging its portfolio to meet sustainability goals. The transaction is set to close in early 2023, pending regulatory approval.
Emerson (NYSE: EMR) is set to announce its fourth quarter and full year 2022 results on October 31, 2022, before market opening. Senior management will host an investor conference call at 8 a.m. Eastern Time. Interested parties can access the live call and presentation slides on Emerson’s website. The results will shed light on the company’s financial performance in a pivotal year, and a replay will be available for three months after the event.
Southern California Gas has partnered with Emerson to showcase its innovative residential microgrid, the [H2] Innovation Experience, in Southern California. This project, one of the first of its kind in the U.S., integrates renewable hydrogen production through solar energy, enabling carbon-free gas utilization in home energy systems. The setup includes a solar array, energy storage, and an electrolyzer. This initiative aligns with California's goals for net-zero emissions, supporting sustainable power demand and highlighting advanced automation technologies.
Emerson (NYSE: EMR) presented its vision for a software-defined automation architecture at the Emerson Exchange in Austin, Texas, aimed at transforming modern manufacturing. This next-generation framework promises 'boundless automation' by facilitating seamless data management across operational technology (OT) and information technology (IT) environments. By leveraging its Plantweb™ digital ecosystem and recent expansion with AspenTech, Emerson seeks to optimize operational performance, address safety, productivity, and sustainability challenges in the industrial sector.
Emerson (NYSE: EMR) has announced the evolution of its Plantweb™ digital ecosystem, integrating AspenTech's (NASDAQ: AZPN) asset optimization software. This collaboration aims to enhance industrial automation by enabling manufacturers to optimize operations through advanced software and AI technologies. Emerson's Plantweb ecosystem provides tools for sensing, decision-making, and controlling plant operations, helping companies achieve greater sustainability and productivity. This development positions Emerson as a leader in the industrial digital transformation landscape.
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Emerson has entered a five-year global agreement with LANXESS, enhancing their partnership in automation technology. This collaboration aims to upgrade control and safety systems, driving digital transformation in LANXESS's production facilities. Emerson's solutions are expected to optimize operational performance, decrease time-to-market for new products, and support sustainability initiatives. The initiative underlines both companies' commitment to improving efficiency and reducing emissions.
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.