Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) has elected James Turley as the new chair of its board of directors, succeeding former chair and CEO David N. Farr, who retired after 20 years. Turley, an independent director since 2013, previously served as chairman and CEO of Ernst & Young. His leadership experience and financial expertise are expected to enhance Emerson's commitment to governance and long-term value creation. CEO Lal Karsanbhai emphasized Turley’s industry knowledge, while Turley expressed honor in leading a company he admires, focusing on culture and strategic evolution.

Emerson (NYSE: EMR) has been chosen to support Neste's digital transformation at its Tuas, Singapore refinery. This project aims to increase production by 1.3 million tons annually by 2023, enhancing Neste's capacity for renewable diesel and sustainable aviation fuel. Emerson will implement automation systems and utilize its Project Certainty methodology to ensure timely and on-budget delivery. The collaboration leverages advanced analytics and cloud engineering to optimize operations. Neste's expansion aims to help reduce carbon emissions significantly by 2030.

Emerson (NYSE: EMR) is set to announce its second quarter results on May 5, 2021, before the market opens. The management team will discuss the financial outcomes during a conference call at 9:30 a.m. ET. Investors can listen to the call live and access presentation materials online. Emerson is a global technology and engineering firm, specializing in innovative solutions for various markets, including industrial and residential sectors. The company aims to enhance production efficiency and promote sustainable practices.

Emerson (NYSE: EMR) announced the successful migration of Repsol's exploration data to the cloud, enhancing data analytics and operational efficiency. This cost-effective migration eliminated the need for new hardware, improving collaboration and visualization across Repsol's global teams. The three-month project included transferring around 90 terabytes of data using Emerson's E&P software suite, completed without any downtime for users. The collaboration between Emerson and Repsol was pivotal, allowing seamless transition and immediate user onboarding.

Carrier Global Corporation (NYSE: CARR) announced that Emerson (NYSE: EMR) has joined its Carrier Alliance program. This partnership aims to enhance their collaboration on advanced technologies, particularly in the HVAC and Refrigeration sectors. Emerson will supply critical components, such as compressors and sensors, which are essential for Carrier's product offerings. The agreement is expected to improve data analytics and product quality, addressing higher Seasonal Energy Efficiency Ratio (SEER) standards set for 2023. Both companies are focused on providing sustainable solutions in a changing regulatory landscape.

Emerson has launched the Digital Maturity Quick Index, a free online tool aimed at helping manufacturers assess their operational readiness for digital transformation. This interactive diagnostic tool benchmarks companies against industry peers, identifying key areas for improvement and investment opportunities based on costs and performance metrics. It focuses on essential domains like reliability, sustainability, safety, and data management, with plans for future enhancements. Emerson's consultants will assist in developing tailored digital transformation roadmaps for their clients.