Summary
Emerson Electric Co. (EMR) provided an update on its order trends for the three months ending February 2005, along with details on upcoming investor events. The company reported solid order growth across most segments, with total Emerson orders increasing by 5% to 10% year-over-year for the trailing three-month period. Key drivers for this growth included strong performance in Process Management and Industrial Automation, particularly in emerging markets like Asia and Latin America, as well as solid demand in the United States. Favorable currency exchange rates also contributed positively to order growth. Looking ahead, Emerson announced that it will release its second quarter 2005 results on Tuesday, May 3, 2005. A conference call for investors will be held the same day at 2:00 p.m. EDT, where senior management will discuss the results. The company also highlighted that webcasts of these events and replays will be available on its investor relations website.
Key Highlights
- 1Total Emerson orders showed a 5% to 10% year-over-year increase for the trailing three months ending February 2005.
- 2Process Management and Industrial Automation were key drivers of order growth, indicating strong capital spending and industrial demand.
- 3Emerging markets, specifically Asia and Latin America, are showing robust demand, alongside solid performance in the United States.
- 4Favorable currency exchange rates positively impacted order growth by approximately 1.5 percentage points.
- 5Network Power orders increased, driven by strength in the systems business.
- 6Emerson will announce its second quarter 2005 results on May 3, 2005.
- 7An investor conference call to discuss Q2 2005 results will be held on May 3, 2005, at 2:00 p.m. EDT, with replays available online.