Summary
This 8-K filing from Emerson Electric Co. (EMR) on September 24, 2014, provides an update on the company's trailing three-month orders growth through August 2014. Overall, Emerson demonstrated solid orders growth, driven by strength in North America and Asia, which helped offset weaker demand in Europe. Underlying orders increased by 6%, with a 1% positive impact from currency translation. The filing breaks down order growth by segment, highlighting robust performance in Process Management and Climate Technologies, while Industrial Automation and Network Power showed moderation. Investors should note the specific drivers for each segment's performance. Process Management benefited from oil and gas activity in North America, and Climate Technologies saw acceleration due to anticipated U.S. regulatory changes impacting residential air conditioning demand. The company also provided a schedule for upcoming investor events, including the Q4 and FY 2014 earnings release and a presentation at the R.W. Baird Industrial Conference, offering further opportunities for insight into the company's performance and outlook.
Key Highlights
- 1Overall trailing three-month orders growth for Emerson remained solid at +5% to +10% through August 2014.
- 2Underlying orders grew 6%, with currency translation contributing 1 percentage point.
- 3North America and Asia were key growth regions, offsetting slower demand in Europe.
- 4Process Management orders showed robust growth, driven by North America oil and gas markets.
- 5Climate Technologies experienced improved order trends, boosted by demand for residential air conditioning ahead of U.S. regulatory changes.
- 6Network Power and Industrial Automation segments experienced moderation in orders growth.
- 7Emerson announced upcoming investor events, including its Q4 and FY 2014 earnings release on November 4, 2014, and a presentation at the R.W. Baird Industrial Conference on November 11, 2014.