Summary
This 8-K filing from Emerson Electric Co. provides an update on the company's order trends for the three months ending December 2012, highlighting mixed performance across its business segments. While the overall company experienced flat order growth year-over-year in December, driven by a slight decline in total orders in October and November, there were notable improvements and specific strengths within certain segments. Investors should pay attention to the accelerating growth in Climate Technologies and Commercial & Residential Solutions, as well as the continued support for Process Management from robust oil and gas investments in Asia and Latin America. The filing also discloses upcoming investor events, including the Q1 2013 earnings report and the 2013 Investor Conference. Industrial Automation continues to face headwinds due to weak global capital goods markets, with specific weakness in power generating alternators and industrial motors. Network Power shows mixed signals, with some sequential improvement in network systems benefiting from telecom demand, offset by volatility in embedded computing and power markets. The company also reminds investors of the inherent risks and uncertainties associated with forward-looking statements, as detailed in its SEC filings.
Key Highlights
- 1Emerson Electric Co. reported flat overall orders for the trailing three-month period ending December 2012, compared to the prior year.
- 2Climate Technologies and Commercial & Residential Solutions experienced accelerating order growth, indicating improving demand in these segments.
- 3Process Management orders showed continued growth, supported by robust oil and gas investments in Asia and Latin America, despite challenging comparisons in North America and weakness in Europe.
- 4Industrial Automation orders declined, reflecting persistent weakness in global capital goods markets, particularly in power generating alternators and industrial motors.
- 5Network Power orders showed mixed trends, with some sequential improvement in network systems offset by volatility in other sub-segments.
- 6The company announced its Q1 2013 earnings release date of February 5, 2013, and its 2013 Investor Conference in Columbus, Ohio on February 11-12, 2013.