Summary
This Form 8-K filing from Emerson Electric Co. (EMR) on May 17, 2011, provides an update on the company's order trends for the three months ending April 2011. The report indicates solid overall order growth, with a total Emerson increase of 10-15% year-over-year for the trailing three months. This performance is primarily driven by strong global capital goods end markets, particularly in the Process Management and Industrial Automation segments, which both saw order growth exceeding 20%. The filing also notes moderating growth rates as comparisons become tougher, and a positive currency impact of approximately 5 percentage points on total orders.
Key Highlights
- 1Total Emerson trailing three-month order growth was strong at 10-15% year-over-year as of April 2011.
- 2Process Management and Industrial Automation segments showed robust growth, exceeding 20% in trailing three-month orders.
- 3Network Power orders improved, showing a 5% increase in the trailing three-month period.
- 4Climate Technologies maintained positive order growth, though it moderated against difficult prior year comparisons and experienced a decline in Asia due to fiscal tightening in China.
- 5Order trends are moderating due to tougher year-over-year comparisons, with underlying organic growth at approximately 8%.
- 6Currency exchange rates provided a positive impact of 5 percentage points on total Emerson orders.
- 7The company announced upcoming investor event presentations by CEO David N. Farr in May and June 2011.