8-KRegulation FD

EMERSON ELECTRIC CO 8-K Report, Regulation FD Disclosure (Sep 24, 2014)

Filed September 24, 2014For Securities:EMR

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.

Frequently Asked Questions

Emerson reported solid trailing three-month orders growth, with the total company showing a growth rate of +5% to +10% through August 2014. Underlying orders increased by 6%, with a slight tailwind from currency translation.

Process Management and Climate Technologies showed strong order growth. Process Management was driven by oil and gas markets, while Climate Technologies benefited from residential air conditioning demand related to upcoming regulatory changes. Industrial Automation and Network Power experienced moderating growth.

Strength in North America and Asia was the primary driver of Emerson's orders growth. This performance helped to offset slower demand observed in Europe.

Emerson will report its fourth quarter and fiscal year 2014 results on Tuesday, November 4, 2014, with a conference call at 2:00 p.m. ET. Additionally, Chairman and CEO David N. Farr is scheduled to present at the R. W. Baird Industrial Conference on Tuesday, November 11, 2014.