Welcome to our dedicated page for Emerson Elec Co news (Ticker: EMR), a resource for investors and traders seeking the latest updates and insights on Emerson Elec Co stock.
Emerson Electric Co (NYSE: EMR) provides industrial automation solutions and advanced control systems for global manufacturers. This news hub offers investors and industry professionals centralized access to official announcements, strategic developments, and operational updates from this technology leader.
Track Emerson's latest press releases, including earnings reports, product innovations, and partnership announcements. Our curated collection ensures timely access to material developments affecting the company valuation and industrial automation sector trends.
Key updates cover financial performance metrics, technology deployments, sustainability initiatives, and leadership changes. All content is verified for accuracy and relevance to support informed analysis of EMR's market position.
Bookmark this page for streamlined monitoring of Emerson's progress in software-defined automation and industrial IoT solutions. Return regularly to stay informed about critical developments shaping the future of smart manufacturing technologies.
Emerson has released its 2023 Sustainability Report, emphasizing its commitment to net-zero operations and investments in employees and communities. The report highlights a 52% reduction in Scope 1 and 2 greenhouse gas emissions intensity since 2021, and that 49% of the electricity used by Emerson locations now comes from renewable sources.
The company surpassed its energy intensity reduction target, achieving a 41% reduction since 2018. Emerson was named the 2023 ENERGY STAR® Partner of the Year and maintained an A- score from the Carbon Disclosure Project (CDP).
Additionally, Emerson increased leadership representation for women globally and US minorities. The company was also named one of Forbes' 2023 World's Top Employers for Women.
Emerson (NYSE: EMR) announced the sale of its remaining 40% interest in the Copeland joint venture to Blackstone for approximately $3.5 billion. The transaction includes $3.4 billion in pre-tax cash proceeds, net of $0.1 billion in future indemnity obligations. This move aims to simplify Emerson's portfolio and boost its focus on automation markets. The deal, unanimously approved by Emerson's Board of Directors, is expected to close in the second half of 2024, subject to regulatory approvals. Emerson plans to use the $2.9 billion after-tax proceeds to pay down debt. The transaction will result in a net pre-tax gain of about $0.2 billion.
Emerson announced the election of Calvin Butler, CEO of Exelon, to its Board of Directors, effective August 1, 2024. Butler brings significant operational and leadership experience in the energy industry. The Emerson Board will expand to 12 members, and Butler will serve on the Corporate Governance and Nominating Committee. This move is part of Emerson's ongoing refreshment process to capitalize on energy market opportunities.
Emerson reported strong second quarter 2024 results with sales growth, margin expansion, and earnings exceeding expectations. The company updated its full-year outlook for fiscal 2024 and declared a quarterly cash dividend of $0.525 per share of common stock. Management highlighted the strength of their portfolio and the Emerson Management System, expressing confidence in delivering value to shareholders.
Emerson's Test and Measurement business, formerly NI, will host the NI Connect event in Austin, Texas, showcasing innovative NI test and measurement technologies. Key industry leaders will discuss the strategic use of NI technologies in driving innovation and improving business performance. The event will include live demonstrations, educational sessions, and technical workshops to address industry challenges like software complexity and power consumption.
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