Summary
Emerson Electric Co. (EMR) filed an 8-K on May 23, 2018, to provide an update on its 3-month order trends, specifically for the period ending April 2018. The company reported that total Emerson trailing three-month orders increased by 5 to 10 percent year-over-year. This growth aligns with the company's previously communicated underlying orders growth range of 5 to 10 percent discussed at their February Investor Conference, indicating consistent demand trends. The filing also highlighted segment-specific order performance. Automation Solutions saw a year-over-year increase of 10 to 15 percent for the trailing three months ending April 2018. In contrast, Commercial & Residential Solutions experienced more modest growth, with orders in the 0 to 5 percent range for the same period. Investors should note that these figures exclude acquisitions, divestitures, and currency translation impacts, providing a clearer view of organic performance. The company also announced upcoming investor events and reiterated its cautionary statements regarding forward-looking information.
Key Highlights
- 1Emerson reported a 5% to 10% increase in trailing three-month orders for the period ending April 2018, consistent with previous guidance.
- 2Automation Solutions segment showed strong order growth, ranging from 10% to 15% year-over-year.
- 3Commercial & Residential Solutions segment experienced more moderate order growth, in the 0% to 5% range.
- 4The reported order growth excludes the impact of acquisitions, divestitures, and currency translation, indicating organic performance.
- 5Demand trends are consistent with those discussed at the February Investor Conference, suggesting stability in the market.
- 6The company's Chairman and CEO, David Farr, was scheduled to present at the Electrical Products Group Conference on May 22, 2018.
- 7Presentation materials from the upcoming conference would be made available on Emerson's investor relations website.