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Emerson Electric Co. reports developments for a global automation business focused on industrial software, control systems, measurement, valves, and related automation technologies. Company news regularly covers quarterly results, outlook updates, dividends, investor presentations, board changes, and portfolio actions tied to its automation-focused operating model.
Product and customer updates include AspenTech industrial software and AI capabilities, the DeltaV™ and Ovation™ Automation Platforms, cybersecurity collaborations for operational technology environments, and automation work for power, water, renewable energy, carbon capture, and other critical infrastructure applications.
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.
Emerson (NYSE: EMR) has entered a multi-year agreement with PureCycle Technologies to implement advanced digital technologies for global recycling facilities. This partnership focuses on pioneering recycling of polypropylene, a widely used plastic with low recycling rates. Emerson's Plantweb™ digital ecosystem will enhance automation and efficiency in PureCycle's facilities, enabling quicker project completions and improved operational performance. The collaboration aims to significantly increase global polypropylene recycling rates, addressing sustainability challenges.
Emerson (NYSE: EMR) published its 2020 ESG Report, showcasing advancements in sustainability and diversity. The company reported a 10% reduction in CO2 emissions, an 11% decrease in electricity usage, and a 9% drop in water consumption. Emerson aims to double leadership representation of women and U.S. minorities by 2030. With a commitment to ethical governance, Emerson has elected an independent chair and strengthened compliance measures. The report emphasizes the importance of social responsibility and environmental stewardship.
Emerson (NYSE: EMR) marks the 100th anniversary of its Copeland™ brand, a leader in energy-efficient compressors for HVACR systems. To enhance innovation, Emerson expanded its engineering facility in Sidney, Ohio, adding 110,000 square feet dedicated to research and development. This investment aligns with Copeland's legacy of transforming refrigeration since its inception in 1921. The firm continues to innovate with advanced compressor technologies aimed at sustainable solutions, reducing emissions, and improving efficiency for global markets.
Salt River Project (SRP), the largest electricity provider in the greater Phoenix area, has selected Emerson’s OSI digital grid solutions to enhance its distribution power grid. This initiative aims to optimize operations and integrate more renewable energy sources for over 1 million customers in central Arizona. Emerson’s Advanced Distribution Management System (ADMS) will improve reliability, efficiency, and safety in SRP's distribution network. This project is part of SRP's multiyear effort to embrace next-generation grids and better manage distributed energy resources.