emerson electric co (EMR) Key Developments
Emerson Electric Co. Declares Quarterly Cash Dividend, Payable on June 10, 2013
May 7 13
The board of directors of Emerson Electric Co. declared the regular quarterly cash dividend of $0.41 per share of common stock payable June 10, 2013, to stockholders of record May 17, 2013.
Emerson Electric Co. Reports Unaudited Consolidated Earnings Results for the Second Quarter and Six Months Ended March 31, 2013; Revised Earnings Guidance for the Year 2013
May 7 13
Emerson Electric Co. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2013. For the quarter, the company reported net sales of $5,960 million, earnings before income taxes of $831 million, net earnings for common stockholders of $561 million or $0.77 per diluted share against net sales of $5,919 million, earnings before income taxes of $814 million, net earnings for common stockholders of $545 million or $0.74 per diluted share a year ago. EBIT was $888 million against $872 million for the same period of last year.
For the six months, the company reported net sales of $11,513 million, earnings before income taxes of $1,504 million, net earnings for common stockholders of $1,015 million or $1.39 per diluted share against net sales of $11,228 million, earnings before income taxes of $1,367 million, net earnings for common stockholders of $916 million or $1.24 per diluted share a year ago. Net cash provided by operating activities was $1,151 million against $896 million a year ago. Capital expenditure was $235 million against $287 million a year ago.
The company revised earnings guidance for the year 2013. The company expects reported and underlying sales growth to be only 1.5% to 2.5%, with EBIT and pretax margin approximately equal to the prior year. Earnings per share are expected to be between $3.48 and $3.58, 5 cents lower than previous estimates and up 3% to 6% over last year.
Emerson Introduces Electric On-Off Level Controller for Production and Processing Applications
Apr 25 13
Emerson introduced electric on-off level controller for production and processing applications. The Fisher L2e level controller brings fully electric level control to a wide variety of applications in production and processing systems. The new Fisher L2e uses a rugged force-balanced displacer sensor to detect the level of a single liquid or the interface of two liquids. The controller’s new advanced knife-edge sensing design combines with aerospace quality switch technology to provide rugged, reliable and accurate level control. A fully electric level control loop, consisting of the L2e level controller used in conjunction with a Fisher easy-Drive™ electric actuator powered D3 or D4 control valve, helps to eliminate emissions and increase uptime and requires less maintenance than conventional pneumatic level loops. The L2e zero and span adjustments enable tuning for a wide variety of level loop applications. Additionally, the controller is certified for use in hazardous areas and is NACE compliant for sour service. By scanning the QR code on the inside cover of the L2e, instrument technicians have access to 24/7 field support for setup, calibration and loop tuning.
Emerson Electric Co. to Report Q2, 2013 Results on May 07, 2013
Apr 23 13
Emerson Electric Co. announced that they will report Q2, 2013 results at 10:32 AM, GMT Standard Time on May 07, 2013
Carlos Fernandez Leaves Emerson' Board to Focus on A-B InBev Merger
Apr 9 13
Carlos Fernandez, CEO of Mexican brewer Groupo Modelo, has taken a leave of absence from his position as board director of Emerson Electric.