Emerson Electric Co. (NYSE:EMR) Files An 8-K Results of Operations and Financial Condition
Item 2.02 Results of Operations and Financial Condition
undertaken over the last eighteen months to transform Emerson
Electric Co. (the “Company”) into a more focused enterprise,
its businesses and organization were realigned into two business
platforms: Automation Solutions and Commercial Residential
Solutions. The repositioning actions included the sale of the
Company’s network power systems business, which was completed on
November 30, 2017, and the sale of the power generation, motors
and drives businesses, which were included in the former
Industrial Automation segment, and which is expected to be
completed early in calendar year 2017, subject to regulatory
approvals. These businesses were reported in discontinued
operations in the Companys most recent Form 10-K for the year
ended September 30, 2016.
Automation Solutions, and Climate Technologies and Tools Home
Products which together comprise Commercial Residential
Solutions. The new Automation Solutions segment includes the
former Process Management segment and the remaining businesses in
the former Industrial Automation segment, except for the hermetic
motors business, which is now included in the Climate
Technologies segment. The new Tools Home Products segment
consists of the businesses previously reported in the Commercial
Residential Solutions segment in fiscal 2016.
results for the new segments to facilitate investors’
understanding of segment results that will be reported in fiscal
2017. The information in Exhibit 99.1 does not represent a
restatement of previously issued financial statements and should
be read in conjunction with the Companys Annual Report on Form
10-K. The information contained in this Form 8-K shall not be
deemed filed for purposes of, or subject to liability under,
Section 18 of the Securities Exchange Act of 1934, and shall not
be deemed incorporated by reference into any Company filing with
the Securities and Exchange Commission.
information for the years ended September 30, 2016, 2015 and
2014, and the quarterly periods within those years, reflecting
the new business segments. This information is attached as
Exhibit 99.1 and incorporated herein by reference.
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Exhibit No.
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Description
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99.1
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Supplemental unaudited historical information for the
years ended September 30, 2016, 2015 and 2014, and the quarterly periods within those years, reflecting the new business segments. |
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. Emerson Electric Co. (NYSE:EMR) Recent Trading Information
Emerson Electric Co. (NYSE:EMR) closed its last trading session up +1.01 at 57.31 with 3,471,294 shares trading hands.