Emerson Electric Co. (NYSE:EMR) Files An 8-K Regulation FD Disclosure

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Emerson Electric Co. (NYSE:EMR) Files An 8-K Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure

The following information is furnished to Regulation FD.

Emerson 3-Month Orders

(Percentage change versus prior year; trailing 3-month averages, excluding acquisitions and divestitures, including currency translation)

June '17

July '17

August '17

Automation Solutions

5 to 10

10 to 15

Commercial & Residential Solutions

5 to 10

5 to 10

5 to 10

Total Emerson

5 to 10

10 to 15

August 2017 Orders Comments

Emerson trailing three-month orders increased 10 percent. Underlying orders increased 9 percent excluding favorable currency translation of 1 percent. Hurricanes Harvey and Irma had a negative impact on orders in late August and into September. The expected impact on orders is still being evaluated.

Automation Solutions orders continued to reflect broad-based momentum across end markets and regions. Demand was led by North America, driven by continued strength in energy markets and steady growth in life sciences and chemical markets. Oil and gas continued to benefit from favorable trends in upstream and midstream investment as well as demand for infrastructure to support natural gas development. Strength in power markets was driven by combined cycle and natural gas plant projects. Europe orders increased high-single digits reflecting broad-based demand. Middle East/Africa orders growth was robust and Asia was up low-single digits. Favorable currency benefited Automation Solutions July and August three-month orders growth. Excluding currency, underlying orders in July and August increased 9 percent and 12 percent, respectively, and were consistent with orders expectations communicated at the Electrical Products Group industry conference in May.

Commercial & Residential Solutions orders increased mid-single digits. North American air conditioning demand moderated against strong prior year comparisons. Favorable trends for professional tools in oil and gas and construction related markets continued. Growth remained strong in Europe and Asia, with broad strength in Asia reflecting steady demand in air conditioning, refrigeration and heat pump markets.

Upcoming Investor Events

On Tuesday, November 7, 2017, Emerson will report fourth quarter and fiscal year 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.

Forward-Looking and Cautionary Statements

Statements in this Current Report on Form 8-K that are not 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.