Summary
Emerson Electric Co. (EMR) filed an 8-K on March 15, 2018, to provide an update on its 3-month trailing average order trends as of February 2018. The report indicates that total Emerson orders increased by 10 percent for the trailing three-month period ending February 2018. This growth aligns with the company's previously communicated expectations of underlying order growth in the 5 to 10 percent range discussed at their February Investor Conference. The Automation Solutions segment showed strong order growth, while Commercial & Residential Solutions experienced a slowdown in February. Investors can anticipate Emerson's second quarter 2018 results announcement on May 1, 2018, with a conference call scheduled for the same day. The company also reiterated its standard forward-looking and cautionary statements, reminding stakeholders of potential risks and uncertainties that could impact future performance.
Key Highlights
- 1Total Emerson trailing three-month orders increased by 10% as of February 2018.
- 2Underlying orders growth was in the 5% to 10% range, consistent with prior guidance.
- 3Automation Solutions segment showed robust order growth (10-15% for December '17, 10-15% for January '18, 10-15% for February '18).
- 4Commercial & Residential Solutions segment experienced a deceleration in order growth (5-10% for Dec & Jan, 0-5% for Feb).
- 5Emerson will report Q2 2018 results on May 1, 2018, with a conference call and webcast.
- 6The company continues to monitor economic, currency, market demand, and competitive factors.