Emerson Electric Co. (NYSE:EMR) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure
excluding acquisitions and divestitures, including currency
translation)
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March ’17
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April ’17
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May ’17
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Automation Solutions
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0 to 5
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0 to 5
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5 to 10
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Commercial Residential Solutions
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0 to 5
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0 to 5
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5 to 10
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Total Emerson
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0 to 5
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0 to 5
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5 to 10
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Underlying orders increased 9 percent excluding unfavorable
currency translation of 1 percent.
American oil and gas markets were the primary driver of growth,
led by upstream and midstream MRO. Strong turnaround bookings and
capital spending by U.S. shale customers has driven upstream,
while midstream reflects favorable trends in automation upgrades
and infrastructure build-out. Outside of North America, orders
were mixed, with growth in Europe and Latin America partially
offset by slight decreases in Asia and Middle East/Africa.
digits reflecting steady demand in North American air
conditioning and refrigeration markets. Professional tools in oil
and gas and construction related markets remained favorable.
Europe and Asia both had strong growth, with broad strength in
Asia reflecting steady demand in air conditioning and
refrigeration markets as well as continued strong electric heat
pump activity in China.
2017 results. Management will discuss the results during a
conference call at 2:00 p.m. ET the same day. Access to a live
webcast of the discussion will be available at
www.emerson.com/financial at the time of the call. A replay of
the conference call will remain available for approximately 90
days.
strictly historical may be forward-looking statements, which
involve risks and uncertainties, and Emerson undertakes no
obligation to update any such statements to reflect later
developments. These risks and uncertainties include economic and
currency conditions, market demand, pricing, protection of
intellectual property, and competitive and technological factors,
among others, as set forth in the Company’s most recent Annual
Report on Form 10-K and subsequent reports filed with the SEC.
Underlying orders discussed herein exclude the impact of currency
translation.
About Emerson Electric Co. (NYSE:EMR)
Emerson Electric Co. is a diversified global manufacturing company, which provides solutions to customers by bringing technology and engineering together in the industrial, commercial and consumer markets around the world. The Company operates through four segments based on the nature of the products and services rendered: Process Management, Industrial Automation, Climate Technologies and Commercial & Residential Solutions. The Company’s principal production operations are electronics assembly, metal stamping, forming, casting, machining, welding, plating, heat treating, painting and assembly. In addition, the Company uses specialized production operations, including automatic and semiautomatic testing, automated material handling and storage, ferrous and nonferrous machining, and special furnaces for heat treating and foundry applications. The Company provides measurement, control and diagnostic technologies for automated industrial processes.