8-KRegulation FD

EMERSON ELECTRIC CO 8-K Report, Regulation FD Disclosure (Mar 26, 2013)

Filed March 26, 2013For Securities:EMR

Summary

Emerson Electric Co. (EMR) released an 8-K filing on March 26, 2013, providing an update on its trailing three-month orders growth through February 2013. The report indicates a mixed performance across its business segments, reflecting a cautious global economic environment. While Process Management and Climate Technologies showed positive order growth, driven by investments in specific industries and strong residential markets, Industrial Automation and parts of Network Power experienced declines. Overall, total Emerson orders were flat to slightly positive, with specific regional weaknesses noted, particularly in Europe. Investors should note the company's upcoming investor events, including the second quarter 2013 earnings release on May 7, 2013, and a presentation at the Electrical Products Group Conference on May 20, 2013. These events will provide further insights into the company's performance and outlook. The filing also includes a cautionary statement regarding forward-looking statements, reminding investors of the inherent risks and uncertainties associated with future business projections.

Key Highlights

  • 1Trailing three-month orders for February 2013 showed flat to slightly positive growth for Emerson Electric overall (0 to +5% year-over-year).
  • 2Process Management segment demonstrated positive order growth (+5% to +10%), driven by investments in oil & gas, chemical, and power industries, particularly in Asia and Latin America.
  • 3Climate Technologies segment also saw strong order growth (+5% to +10%), led by U.S. residential air conditioning and supported by Asia.
  • 4Industrial Automation segment continued to face order pressures, with declines (-10% to -5%) due to weak demand for industrial goods, especially in Europe.
  • 5Network Power segment experienced a decline, primarily due to weakness in the embedded computing and power business linked to volatile demand from mobile device customers.
  • 6Europe's economic environment remains severely depressed, impacting order trends across multiple business segments.
  • 7Emerson will report its second quarter 2013 results on May 7, 2013, with a webcast available.

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