Summary
Emerson Electric Co. (EMR) filed an 8-K on April 25, 2017, to provide an update on its 3-month order trends and announce upcoming investor events. The company reported that trailing three-month orders increased by 4% in March 2017, marking the third consecutive period of positive growth. This improvement was attributed to strengthening market conditions, with Automation Solutions seeing mid-teens growth in North America driven by oil and gas MRO and downstream turnaround bookings. Commercial & Residential Solutions also experienced broad strength across Asia and Europe, alongside favorable oil and gas and construction markets in North America.
Key Highlights
- 1Emerson reported a 4% increase in trailing three-month orders for March 2017, indicating a positive trend for the third consecutive period.
- 2Underlying trailing three-month orders also grew by 4%, excluding currency translation impacts.
- 3Automation Solutions segment showed improvement, particularly in North America with mid-teens growth attributed to oil and gas MRO and downstream turnarounds.
- 4Commercial & Residential Solutions benefited from broad strength in Asia and Europe and favorable North American construction and oil and gas markets.
- 5The company announced its second quarter 2017 earnings release and conference call for May 2, 2017.
- 6Emerson's CEO is scheduled to present at the Electrical Products Group Conference on May 24, 2017.
Frequently Asked Questions
The key takeaway is that Emerson experienced a 4% increase in trailing three-month orders for March 2017, which is a positive sign of improving market conditions and represents the third consecutive period of growth.
Both Automation Solutions and Commercial & Residential Solutions are contributing to the growth. Automation Solutions is seeing strength in North America's oil and gas sector, while Commercial & Residential Solutions is benefiting from broad market improvements in Asia, Europe, and North America.
Emerson is scheduled to report its second quarter 2017 results on Tuesday, May 2, 2017, and will hold a conference call the same day at 2:00 p.m. ET.
Yes, Emerson's CEO David Farr will present at the Electrical Products Group Conference on May 24, 2017, at 10:45 a.m. ET. The presentation will be available on Emerson's investor relations website.