Summary
Emerson Electric Co. (EMR) filed an 8-K on July 19, 2017, providing an update on its 3-month order trends through June 2017. The company reported an 8% increase in total trailing three-month orders, with underlying orders growing 9% after excluding currency translation impacts. Both key segments, Automation Solutions and Commercial & Residential Solutions, experienced high-single-digit order growth. This order performance aligns with the company's previously communicated outlook for sales and earnings per share during its second-quarter earnings conference call. Investors should note that Emerson plans to provide further commentary on these June order trends during its upcoming third-quarter earnings conference call scheduled for August 1, 2017. The filing also includes standard forward-looking and cautionary statements regarding potential risks and uncertainties.
Key Highlights
- 1Emerson reported an 8% increase in trailing three-month orders through June 2017.
- 2Underlying orders grew by 9%, excluding a 1% negative impact from currency translation.
- 3Both Automation Solutions and Commercial & Residential Solutions segments saw high-single-digit order growth.
- 4The reported order trends are consistent with previously provided sales and earnings guidance.
- 5Emerson will provide additional commentary on June orders during its Q3 2017 earnings call.
- 6The Q3 2017 earnings results and conference call are scheduled for August 1, 2017.