Summary
This 8-K filing from Emerson Electric Co. (EMR), filed on September 20, 2013, provides an update on the company's orders growth for the three months ending August 2013. Overall, Emerson experienced modest order growth, with a "slight upward trend" in global business investment but a continued "slow and cautious" macroeconomic environment. Process Management was the leading segment in terms of growth, benefiting from investments in energy and chemical sectors, particularly in Europe and Latin America. Industrial Automation saw its first order growth in 18 months, aided by easier year-over-year comparisons and currency translation, though underlying orders remained slightly negative. Other segments like Network Power, Climate Technologies, and Commercial & Residential Solutions showed more stable or modest growth trends. The company also announced upcoming investor events, including the reporting of fourth quarter and fiscal year 2013 results on November 5, 2013, with a conference call to follow. Investors should note the forward-looking nature of some statements within the report, which are subject to various risks and uncertainties outlined in Emerson's SEC filings.
Key Highlights
- 1Overall trailing three-month orders growth for Emerson remained modest, in the 0% to +5% range, indicating a continued, but not accelerated, recovery.
- 2Process Management was the strongest segment, showing moderate order growth driven by investments in energy and chemical end markets, with robust performance in Europe and Latin America.
- 3Industrial Automation reported its first positive order growth in 18 months, benefiting from easier comparisons and currency tailwinds, though underlying demand was still slightly negative.
- 4Network Power experienced modest order declines, with mixed performance across its sub-businesses and geographies.
- 5Climate Technologies and Commercial & Residential Solutions showed stable to modest order growth, influenced by specific regional market conditions and product lines.
- 6Emerson announced its Q4 and FY13 results will be released on November 5, 2013, with an accompanying investor conference call.
- 7The report contains forward-looking statements subject to risks and uncertainties, as detailed in Emerson's SEC filings.