Summary
Emerson Electric Co. (EMR) filed an 8-K on November 28, 2007, providing an update on its order trends for the three months ending October 2007. The filing indicates solid overall order growth, with a trailing three-month average increase of 10% to 15% compared to the prior year. This growth was primarily driven by the Process Management and Industrial Automation segments, benefiting from global energy sector expansion and strength in power generating and fluid automation businesses, respectively.
Key Highlights
- 1Emerson Electric Co. reported solid overall order growth for the three months ending October 2007, with a 10% to 15% increase in its trailing three-month average compared to the prior year.
- 2Process Management and Industrial Automation segments showed strong performance, driven by global energy sector expansion and key business strength.
- 3Network Power also experienced strong order growth, particularly from data center computing and telecommunications markets.
- 4Climate Technologies saw improving order trends, with notable strength in Asia.
- 5Appliance and Tools orders remained consistent but showed mixed performance, with professional tools offsetting weakness in residential storage and appliance components.
- 6Favorable currency exchange rates contributed approximately 5 percentage points to the overall order growth during the period.
- 7The company provided specific order growth percentages for August, September, and October 2007 across its various business segments.