Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) has signed an agreement to sell its Therm-O-Disc sensing and protection technologies business to One Rock Capital Partners. Therm-O-Disc, established in 1947, provides engineered sensors for various industries, including HVAC and automotive. This divestiture is part of Emerson's strategy to enhance its growth and diversify its portfolio. The transaction is expected to close in Q2 2022, pending regulatory approvals. Emerson has enlisted Evercore for financial advisory and Davis Polk & Wardwell LLP for legal counsel to facilitate the deal.

Emerson emphasizes the urgent need for organizations to enhance their cybersecurity measures amid increasing connectivity and vulnerability to cyber threats. Highlighting common missteps, Emerson advocates for a comprehensive cybersecurity risk assessment to identify and eliminate system vulnerabilities. Key recommendations include prioritizing cybersecurity initiatives, recognizing that no single solution can address all risks, and ensuring proper funding for cybersecurity programs. This proactive approach aims to safeguard control systems and maintain operational goals in an evolving threat landscape.

HITA, a Belgian geothermal energy company, has partnered with Emerson (NYSE: EMR) to enhance the discovery and development of geothermal energy sources in Northern Belgium. Emerson's geological and reservoir modeling software is set to improve the safety and reliability of these projects by accurately identifying suitable drilling locations. The geothermal energy market in the EU is projected to grow significantly by 2050, driven by climate change policies. This collaboration aims to facilitate sustainable energy production through advanced modeling techniques.

Emerson (NYSE: EMR) reported Q1 fiscal 2022 results, showing strong demand with underlying orders up 17%. Net sales reached $4.5 billion, an 8% increase year-over-year. GAAP EPS soared 103% to $1.50, while adjusted EPS rose 13% to $1.05. The company updated its full-year outlook, anticipating 6-8% net sales growth. Despite operational challenges, operating cash flow was $523 million, although down 35%. The Automation Solutions platform performed well, with orders up 19% and EBIT margins improving. A quarterly dividend of $0.515 per share was declared.

Emerson (NYSE: EMR) announced that its Sensi™ Touch smart thermostat won the 2021 Integrated Home Competition by AHRI. This ENERGY STAR® certified product can help homeowners save up to 23% on HVAC energy usage through features like geofencing and flexible scheduling. Emerson aims to meet the growing consumer demand for sustainable solutions with its smart thermostat, which is compatible with major smart home platforms. The award recognizes Emerson's commitment to energy efficiency and innovative design in the HVAC sector.

Emerson has been awarded the title of ‘Industrial IoT Company of the Year’ by IoT Breakthrough for the fourth time in five years. This recognition, amidst nearly 4,000 nominations, highlights Emerson's commitment to innovation in industrial automation and software, helping customers meet sustainability goals. The company’s Plantweb™ ecosystem and extensive IIoT technologies are enabling significant operational improvements across key industries, including power and energy.

Emerson (NYSE: EMR) will conduct its 2022 annual shareholders meeting virtually due to COVID-19 concerns. Scheduled for 10:00 a.m. (CT) on February 1, 2022, the meeting will allow shareholders recorded by November 23, 2021 to participate, vote, and ask questions through a virtual platform. Non-shareholders may attend as guests but cannot vote or ask questions. Shareholders can vote in advance or on the meeting day using their control number. More details are available in the Proxy Statement and on the virtual meeting site.

Emerson (NYSE: EMR) will announce its first quarter results on February 2, 2022, prior to market opening. A conference call is scheduled for 9 a.m. Eastern Time to discuss the results, which can be accessed via Emerson's investor website. The company specializes in delivering technological solutions for various markets, enhancing production, energy efficiency, and safety.

Emerson is advancing technology for large-scale offshore green hydrogen production, collaborating on the PosHYdon project in the Dutch North Sea. This pilot aims to showcase the integration of offshore wind and hydrogen production on a gas platform, using green electricity to convert seawater into hydrogen via electrolysis. The project, supported by a €3.6 million grant, expects to produce three tons of hydrogen weekly. Emerson's DeltaV systems will ensure operational safety and efficiency throughout the process.