Summary
This 8-K filing from Emerson Electric Co. (EMR) provides an update on the company's orders growth for the trailing three months ending May 2018. The report indicates that overall Emerson orders are growing in the 5 to 10 percent range, consistent with guidance provided earlier in the year. This growth metric includes the impact of the Valves & Controls acquisition but excludes other acquisitions and divestitures, as well as the effect of currency translation on underlying orders. Key segments are showing mixed performance. Automation Solutions experienced a 5 to 10 percent order growth in May, a slight deceleration from previous months but still within a healthy range. Commercial & Residential Solutions, however, showed more modest growth, ranging from 0 to 5 percent in May. Investors should note that the Valvest & Controls acquisition has a slightly positive influence on both Automation Solutions and the overall Emerson order growth.
Key Highlights
- 1Emerson Electric reported trailing three-month orders growth of 5 to 10 percent for May 2018, aligning with previous investor guidance.
- 2Automation Solutions segment orders grew between 5 to 10 percent for the trailing three months ending May 2018.
- 3Commercial & Residential Solutions segment orders showed more subdued growth, ranging from 0 to 5 percent for the same period.
- 4The reported order growth rates are inclusive of the Valves & Controls acquisition.
- 5Underlying orders growth excludes the impact of currency translation, providing a clearer view of organic performance.
- 6The company reiterated its confidence in its growth trajectory, referencing guidance from its February Investor Conference.
- 7Forward-looking statements are included, with a standard cautionary note about risks and uncertainties.