Emerson Elec Co Stock Price, News & Analysis

Emerson has partnered with ReNew ELP to provide digital automation solutions for a new plastics recycling plant in Teesside, England. This facility aims to utilize the innovative HydroPRS™ technology to convert unrecyclable plastics into valuable feedstock, enhancing sustainability and reducing waste. The plant is expected to process 20,000 tonnes of plastic waste annually. Emerson's methodology aims for efficient project execution, ensuring the facility meets environmental goals and operational performance.

Aspen Technology, Inc. (NASDAQ: AZPN) reported strong financial results for Q1 fiscal 2022, ending September 30, 2021. Total revenue reached $136 million, a significant increase from $128.2 million in Q1 fiscal 2021. License revenue surged to $81.1 million, up from $61.9 million year-over-year. The company anticipates 5-7% annual spend growth for fiscal 2022, with total revenue guidance between $702-$737 million. Notably, AspenTech's partnership with Emerson Electric (NYSE: EMR) is expected to enhance its market position.

Emerson (NYSE: EMR) will announce its fourth quarter and full year results on November 3, 2021, prior to market opening. A conference call with senior management will follow at 9 a.m. Eastern Time. Investors can access the call and presentation slides through Emerson’s website. A replay will be available for three months post-event. Emerson, based in St. Louis, Missouri, specializes in technology and engineering solutions across various markets.

Emerson and AspenTech have agreed to a strategic transaction where Emerson will acquire a 55% stake in a new AspenTech by contributing its industrial software businesses and $6 billion in cash. AspenTech shareholders will receive about $87 per share in cash plus 0.42 shares in the new company, totaling approximately $160 per share. The deal aims to enhance Emerson's industrial software strategy and facilitate double-digit growth, with pro forma revenues estimated at $1.1 billion for FY22. The transaction is projected to close in Q2 2022, subject to approvals.

Emerson (NYSE: EMR) has entered a multiyear strategic framework agreement with BayoTech to enhance global hydrogen delivery. This partnership focuses on delivering advanced automation technologies to support BayoTech's production of cleaner, lower-cost hydrogen via modular generation units capable of producing up to 1,000 kg/day. With a vision to become the largest distributed hydrogen company, BayoTech aims to disrupt traditional hydrogen supply chains by leveraging Emerson's technology for autonomous production. Together, they seek to lower carbon emissions and transportation costs, enhancing the accessibility of hydrogen solutions.

Emerson is partnering with Colgate-Palmolive to enhance energy efficiency in packaging operations, aiming for net zero carbon emissions by 2040. Utilizing Emerson's advanced sensor technologies, Colgate has achieved a 15% reduction in energy consumption across its toothpaste and toothbrush packaging lines. The collaboration integrates IIoT-enabled software to optimize pneumatic processes, and further energy savings are anticipated as the technology expands.

Backcast Partners Management announced an investment to support Turnspire Capital Partners' acquisition of the Daniel Measurement and Control business from Emerson Electric Co. (NYSE: EMR). Daniel, based in Houston and Chihuahua, Mexico, is a leader in flow and energy measurement technologies for the natural gas and hydrocarbon industries, boasting an 85-year history. Backcast's investment comprises senior secured debt and equity co-investment, aiming to enhance growth opportunities and strategic acquisitions. Backcast manages over $775 million in assets, targeting investments between $10 million and $100 million.

Turnspire Capital Partners has successfully acquired the Daniel Measurement and Control business from Emerson Electric Co. (NYSE: EMR). This acquisition encompasses all brand rights, facilities, intellectual property, and personnel associated with Daniel. Keith Barnard has been appointed as the new CEO. Daniel, located in Houston and Chihuahua, Mexico, specializes in flow and energy measurement technologies for the natural gas and hydrocarbon industries. Turnspire aims to enhance Daniel's market position through investment in R&D and pursuing growth opportunities.

Emerson (NYSE: EMR) has appointed Elizabeth Adefioye as its first chief people officer. Adefioye, previously at Ingredion, will oversee a newly consolidated HR function focusing on culture, employee experience, diversity, equity, and inclusion. She will ensure alignment between the company's people agenda and its business objectives, joining Emerson’s Office of the Chief Executive. Adefioye has a proven track record in culture transformation and aims to foster a supportive environment that enhances organizational success.