emerson electric co (EMR) Snapshot

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. 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 Network Power introduced 480-volt and 600-volt input configurations for its Liebert® APM row-based, modular uninterruptible power supply (UPS) system. In addition, all models of the Liebert APM are compliant with the Federal Trade Agreement Act (TAA), and UL 924 certified models are available to support emergency lighting requirements. The new voltage configurations and compliant models are now available across North America. The Liebert APM is a transformer-free, on-line UPS that allows quick power capacity increases with the addition of internal FlexPower™ modular assemblies. The FlexPower modules allow the system to add capacity or redundancy in 15 kW increments up to 45 or 90 kW within a single cabinet without powering down connected equipment. The new input voltage capabilities are available on both 45 and 90 kW UPS configurations. Certain models of the Liebert APM are compliant with UL 924, meeting a variety of strict standards, including providing 90 minutes of backup time to support emergency lighting, and ensuring the manually operated interface is protected from accidental operation. The TAA meets requirements for most U.S. federal government procurements and contracts and is a requirement for any organizations receiving federal dollars. The Liebert APM is available in two configurations. The 90 kW frame uses matching external battery cabinets for battery runtime, and allows for 90 kW of capacity, or 75 kW of capacity plus 15 kW of redundancy. The 45 kW frame allows for 45 kW of capacity, or 30 kW of capacity plus 15 kW of redundancy, and includes internal batteries with optional external battery cabinet for additional runtime. In both models, the external battery cabinet can be outfitted with an Alber® BDSi monitoring system to constantly monitor each battery, ensuring reliability and allowing for proactive management. The UPS operates at up to 94% efficiency, with a virtually flat efficiency curve from 50% to 100% load, resulting in significant energy cost savings. It can be installed in raised or non-raised floor applications, and is ideally suited for small to medium-sized data centers, server rooms, production areas, labs and testing facilities, telecommunications and process controls centers.