What are Emerson's key business segments and how did their orders perform in Q3 2005?

Emerson's key segments mentioned are Process Management, Industrial Automation, Network Power, Climate Technologies, and Appliance and Tools. In Q3 2005, Process Management and Industrial Automation showed strong order growth. Network Power and Climate Technologies saw some moderation, with Climate Technologies facing specific headwinds like cool weather and channel inventory. Appliance and Tools had mixed results.

Why is Emerson using non-GAAP financial measures in this report?

Emerson is using non-GAAP financial measures, specifically earnings and earnings per share excluding a tax charge for earnings repatriation under the American Jobs Creation Act. Management believes this provides a clearer view of the company's operational performance and enhances comparability between reporting periods by excluding the impact of this one-time event.

What were the main drivers of order changes in the Process Management and Climate Technologies segments?

For Process Management, strong order growth was driven by continued strength in the base business and significant project wins in the refining and power markets. For Climate Technologies, orders were impacted by tougher comparisons to a strong prior year, weak orders across geographies, and specific issues in the US air conditioning market due to cool weather and high channel inventory.

Will there be an opportunity to discuss these results with Emerson management?

Yes, Emerson senior management held an investor conference call on August 2, 2005, at 2:00 p.m. Eastern Daylight Time to discuss the third-quarter 2005 results. A replay of the call is available on the company's investor relations website.

EMR 8-K: Earnings & Results & Regulation FD

Summary

This 8-K filing from Emerson Electric Co. (EMR) on August 2, 2005, primarily announces their third-quarter fiscal year 2005 results via a press release. Investors should note the company's commentary on order trends across its various segments, which provide forward-looking insights into sales performance. While overall orders showed modest growth, significant variations exist between business units, with Process Management and Industrial Automation demonstrating particular strength, while Climate Technologies faced headwinds. The filing also highlights the use of non-GAAP financial measures, specifically earnings per share excluding a one-time tax charge for earnings repatriation under the American Jobs Creation Act. Management believes this adjusted view offers better comparability between periods, a key point for investors assessing underlying operational performance. The press release details order growth percentages by segment for the trailing three months ending June 2005, offering a granular look at divisional health.

Key Highlights

1Emerson Electric announced its third-quarter fiscal year 2005 results via an August 2, 2005 press release.
2The company provided commentary on order trends for its key business segments, indicating varying performance.
3Process Management and Industrial Automation showed continued strength and robust order growth.
4Network Power and Climate Technologies experienced some moderation in order growth, with Climate Technologies facing challenges including channel inventory and weather impacts.
5Appliance and Tools segment showed mixed performance, with strength in storage and tools offset by weakness in motors and appliance components.
6The company utilized non-GAAP financial measures, presenting earnings per share excluding a one-time tax charge related to the American Jobs Creation Act for repatriation.
7Investor conference call scheduled for August 2, 2005, to discuss Q3 2005 results.

EMERSON ELECTRIC CO 8-K Report, Financial Results (Aug 2, 2005)

Summary

Key Highlights

Frequently Asked Questions