Summary
Emerson Electric Co. (EMR) filed a Form 8-K on December 20, 2017, providing an update on its "3-Month Orders" for the periods ending September, October, and November 2017. The key takeaway for investors is the robust and accelerating order growth, particularly in November, driven by both Automation Solutions and Commercial & Residential Solutions segments. In November 2017, Emerson's total trailing three-month orders increased by a significant 16%, with underlying orders (excluding currency impacts) growing 11%. The Automation Solutions segment showed particular strength, with 20% order growth (13% underlying), supported by strong demand across various end markets like energy, life sciences, and chemicals, especially in North America and China. The Commercial & Residential Solutions segment also posted favorable underlying order growth in the high-single digits, led by Asia. The company also announced upcoming investor events, including its Q1 2018 earnings call on February 6, 2018, and its annual investor conference on February 15, 2018.
Key Highlights
- 1Emerson reported a strong increase in total trailing three-month orders, reaching 16% growth for November 2017.
- 2Underlying orders, excluding currency translation, grew by 11% for the trailing three months ending November 2017.
- 3The Automation Solutions segment demonstrated significant strength with 20% order growth (13% underlying) in November, driven by broad-based end-market momentum and strong MRO demand.
- 4Demand in Automation Solutions was led by North America, particularly in energy, life sciences, and chemical markets, with positive contributions also from China.
- 5Commercial & Residential Solutions also saw positive underlying order growth in the high-single digits, primarily driven by strong demand in Asia for air conditioning and refrigeration.
- 6Upcoming investor events include the Q1 2018 earnings call on February 6, 2018, and the annual investor conference on February 15, 2018.