Summary
Emerson Electric Co. (EMR) filed an 8-K on February 16, 2021, providing an update on its trailing three-month orders as of January 2021 and announcing its annual Investor Conference. The order data indicates a mixed performance across its business segments. While the Commercial & Residential Solutions segment showed robust growth with orders up 18% (16% underlying), the Automation Solutions segment experienced a significant decline, with orders down 10% (12% underlying). Overall, Emerson's total orders were down 1% (3% underlying), reflecting the challenging industrial environment impacting the Automation Solutions segment, likely exacerbated by the ongoing COVID-19 pandemic and oil price volatility mentioned in the forward-looking statements.
Key Highlights
- 1Emerson Electric reported trailing three-month order trends as of January 2021.
- 2Commercial & Residential Solutions segment saw strong order growth of 18% (16% underlying).
- 3Automation Solutions segment experienced a notable order decline of 10% (12% underlying).
- 4Total Emerson trailing three-month orders decreased by 1% (3% underlying).
- 5Favorable currency translation provided a 2% positive impact on total orders.
- 6The company hosted its annual Investor Conference on February 16, 2021, to discuss strategy and long-term outlook.
- 7Forward-looking statements highlight risks including the COVID-19 pandemic, economic conditions, and oil price volatility.