Emerson Elec Co Stock Price, News & Analysis

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.

Emerson (NYSE: EMR) has completed a digital transformation project at Golden Valley Electric Association's Eva Creek wind farm, enhancing clean energy reliability in northern Alaska. The project aims to optimize management of the state's largest wind farm, which generates nearly 25MW of low-cost electricity, significantly reducing fossil fuel use. Emerson's solutions have resulted in a remarkable 65% cut in operations and maintenance costs. As a leader in distributed control systems, Emerson supports GVEA in its mission to enhance renewable energy access while minimizing its carbon footprint.

Emerson reported strong financial results for Q3 2021, with net sales increasing by 20% and underlying sales up 15%. The company saw significant growth across key markets, particularly in North America, where process automation turned sharply positive. Gross profit margins improved to 42.2%, driven by effective cost management. Operating cash flow rose 31% to $1.1 billion, and earnings per share increased 55% to $1.04. Despite challenges from material costs and supply chain logistics, Emerson anticipates continued improvement in demand and has provided an optimistic outlook for 2021.

Emerson (NYSE: EMR) is set to release its third-quarter financial results on August 4, 2021, before market opening. The company will host an investor conference call at 9:30 a.m. Eastern Time, where senior management will discuss the results. Interested parties can access the call live and view presentation slides via Emerson's investor webpage. A replay of the call will be available for three months after the event. Emerson, based in St. Louis, Missouri, specializes in innovative solutions across various sectors, including industrial and residential markets.

Turnspire Capital Partners has signed a definitive agreement to acquire the Daniel Measurement and Control business from Emerson Electric Co. (NYSE: EMR). Daniel, headquartered in Houston, is known for flow and energy measurement technologies in the natural gas and hydrocarbon industries. The acquisition encompasses all brand rights, facilities, intellectual property, and personnel of Daniel. Turnspire aims to establish Daniel as an independent entity focused on organic growth and potential acquisitions, with completion expected in Q3 2021, pending approvals.

Emerson (NYSE: EMR) has launched Plantweb™ Optics Data Lake, a new software solution designed to streamline data management for manufacturers. This enterprise-level tool aggregates data from various sources, helping companies overcome data silos and enhance digital transformation initiatives. The software integrates with advanced analytics applications, facilitating improved operational performance and revenue growth. It accommodates diverse manufacturing sectors, including life sciences and energy, and supports both on-premises and cloud-based deployments.