Emerson Elec Co Stock Price, News & Analysis

Emerson (NYSE: EMR) has announced leadership changes aimed at enhancing its value creation and innovative solutions. Ram Krishnan has been appointed executive vice president and COO, while Mark Bulanda will lead Automation Solutions, a key $11.2 billion segment. Steve Pelch, the former COO, is leaving the company. CEO Lal Karsanbhai highlighted Krishnan and Bulanda's proven track records, indicating their roles will accelerate Emerson's growth and reinforce its strategic initiatives. These changes reflect the company’s commitment to meet the evolving needs of essential industries.

Emerson (NYSE: EMR) will release presentation materials from its annual investor conference on February 16 at 7:30 a.m. ET, available on their website. The conference features CEO Lal Karsanbhai and other executives, with a live webcast starting at 8:30 a.m. ET. The webcast will be accessible for 90 days. Emerson is a global technology and engineering company that offers solutions in industrial, commercial, and residential markets, focusing on maximizing production and optimizing operational costs.

Emerson (NYSE: EMR) has launched its new Lumity™ brand, providing analytics software and digital solutions aimed at safeguarding temperature-sensitive products like food and medications. The Lumity portfolio features customizable solutions for enhanced visibility and control in supply chains, employing advanced monitoring technologies. Upcoming products include a wireless data logger for healthcare, facility management solutions for retail, and a remote temperature sensing system for foodservice. These innovations aim to ensure integrity throughout the supply chain, particularly for critical items such as vaccines.

The board of directors of Emerson (NYSE: EMR) has declared a quarterly cash dividend of $0.505 per share, set to be paid on March 10, 2021, to shareholders registered by February 12, 2021. This dividend reflects Emerson's commitment to returning value to its investors.

Headquartered in St. Louis, Missouri, Emerson specializes in technology and engineering solutions across various markets, focusing on automation and residential solutions that enhance production efficiency and sustainability.

Emerson (NYSE: EMR) reported flat GAAP net sales for Q1 2021, with underlying sales down 2%. Revenue exceeded November guidance, driven by strong performance in residential markets. North America sales fell by high single-digits, while Europe and Asia showed growth. Adjusted earnings per share rose 24% to $0.83. Operating cash flow increased by 90% to $808 million. Automation Solutions faced a 6% sales drop, yet Commercial & Residential Solutions saw a 13% rise. The company anticipates a slow recovery in industrial demand amid ongoing restructuring, with a full-year revenue growth forecast of 4% to 8%.

Emerson (NYSE: EMR) announces the retirement of CEO David N. Farr on February 5. Lal Karsanbhai, executive president of Automation Solutions since 2018, will succeed him as CEO and join the board. Under Farr's leadership, Emerson evolved into an industrial software leader with $16.8 billion in revenue. The company has consistently increased dividends to shareholders for 64 years. Karsanbhai, who has been with Emerson since 1995, aims to expand the company’s global software presence and support essential industries.

Emerson (NYSE:EMR) has been awarded the "IoT Analytics Platform of the Year" for its Plantweb Optics™ Analytics software, recognized in the 5th annual IoT Breakthrough Awards. This accolade highlights Emerson's commitment to improving industrial manufacturing through advanced analytics that leverage artificial intelligence and machine learning. Plantweb Optics enhances reliability and sustainability while optimizing production, potentially unlocking over $4 trillion in value for manufacturers, according to McKinsey. The software is part of Emerson's award-winning Plantweb™ ecosystem.

Emerson (NYSE: EMR) has announced that its 2021 annual shareholders meeting will be held virtually on February 2, 2021, at 10:00 a.m. (CT) due to COVID-19 safety guidelines. Shareholders of record as of November 24, 2020, can participate by using a 16-digit control number on the virtual meeting website. Non-shareholders can attend as guests but cannot vote or ask questions. Voting can be done in advance through the Internet, telephone, or proxy card, with previous proxy cards remaining valid for this meeting.

Emerson (NYSE: EMR) is set to report its first quarter results on February 2, 2021, before market opening. Following the release, senior management will host an investor conference call at 3:00 p.m. Eastern Time. Interested investors can access the live call and presentation slides through the Investors section of Emerson's website. A replay will be available for three months post-webcast.

Headquartered in St. Louis, Emerson provides innovative solutions in automation and residential markets, enhancing production, energy efficiency, and human comfort.