8-KEarnings & ResultsRegulation FDExhibits & Filings

EMERSON ELECTRIC CO 8-K Report, Financial Results (Nov 3, 2009)

Filed November 3, 2009For Securities:EMR

Summary

This Form 8-K filing by Emerson Electric Co. (EMR) on November 3, 2009, primarily announces the release of their fourth quarter and fiscal year 2009 results, accompanied by a press release (Exhibit 99.1). The filing also provides insights into the company's order trends, highlighting a challenging macroeconomic environment in fiscal year 2009. While overall order rates showed declines, the company noted signs of stabilization and modest improvement in September across certain segments, particularly in Process Management and Climate Technologies, with positive contributions from currency exchange rates and infrastructure spending in China. Investors are provided with a trailing three-month summary of underlying order rates by business segment, showing significant year-over-year declines in July, August, and September 2009. Despite the headwinds, Emerson is looking towards upcoming investor events, including a conference call to discuss the full fiscal year results and participation in the Baird 2009 Industrial Conference, to provide further details and outlook.

Key Highlights

  • 1Emerson Electric Co. announced its fourth quarter and fiscal year 2009 results on November 3, 2009, via a press release furnished with this 8-K.
  • 2The company provided an update on its trailing three-month underlying order rates, which showed year-over-year declines across all segments.
  • 3Overall order rates for Emerson showed a decline of 25% in July, 25% in August, and 20-25% in September 2009 on a trailing three-month average.
  • 4Signs of stabilization and modest improvement in order trends were observed in September 2009, particularly in Process Management and Climate Technologies.
  • 5Currency exchange rates had a positive impact on order growth, contributing approximately 3 percentage points to the total Emerson order rate in September.
  • 6Infrastructure spending in China, including renewable energy projects, positively impacted the Network Power business segment.
  • 7Emerson's senior management is scheduled to discuss the Q4 and FY 2009 results during an investor conference call on November 3, 2009.

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