Summary
This 8-K filing from Emerson Electric Co. (EMR) provides an update on the company's orders growth for the trailing three months ending December 2013, offering insights into various business segments. Overall, Emerson experienced a modest "orders growth" of 0 to +5 percent year-over-year for the trailing three months, reflecting slightly improving macroeconomic conditions but with mixed demand across geographies and markets. The company also announced upcoming investor events, including the Q1 2014 earnings release and conference call on February 4, 2014, and its annual investor conference on February 13, 2014.
Key Highlights
- 1Emerson's total trailing three-month orders growth for December 2013 was in the 0 to +5 percent range, indicating stable but not robust demand.
- 2Climate Technologies and Process Management segments showed the strongest performance, with Climate Technologies order trends accelerating.
- 3Industrial Automation orders were flat, reflecting mixed demand across global industrial goods markets.
- 4Network Power orders growth remained positive, driven by data center infrastructure demand, though trends eased modestly.
- 5Commercial & Residential Solutions saw slower order trends due to mixed market conditions across its businesses.
- 6Currency translation had a negative impact, deducting 1 percentage point from both Process Management and Network Power orders.
- 7Emerson scheduled its Q1 2014 earnings report for February 4, 2014, and its annual investor conference for February 13, 2014.