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News Breaks
February 5, 2013
14:16 EDTEMREmerson sees FY13 revenue $25B-$25.6B, consensus $25.05B
Sees FY13 operating margin 17.8%-17.9%; EBIT margin 16.2%-16.3%; Dividends per share $1.64; Operating cash flow $3.3B-$3.4B; CapEx approximately $700M; Share repurchase $600M-$800M; Restructuring costs $70M-$80M; Tax rate 31%-32%. Guidance taken from the company's Q1 earnings conference call.
News For EMR From The Last 14 Days
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May 5, 2015
09:13 EDTEMROn The Fly: Pre-market Movers
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07:18 EDTEMREmerson says headwinds 'more severe than anticipated'
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07:07 EDTEMREmerson says Q2 adjusted EPS excludes 77c gain on sale of unit
Excludes 77c gain on the sale of the power transmission solutions business.
07:06 EDTEMREmerson sees FY15 reported EPS $4.17-$4.32
Emerson says, "The global macroeconomic environment for Emerson related businesses will continue to be challenging for the remainder of 2015, as strong headwinds from lower oil prices, strength of the U.S. dollar, and a broad slowdown in industrial spending, particularly in North America and China, will place downward pressure on underlying sales growth across most of our businesses. Visibility is limited in this environment, so our focus will be on controlling what we can: reducing costs to improve profitability, cash flow, and capital resource allocation. Near-term profitability will be negatively affected by volume deleverage as a result of weaker underlying sales growth. We now expect 2015 net sales to decline (7) to (5) percent. Underlying sales growth is expected to be 0 to 2 percent, excluding a negative impact from currency translation of approximately 5 percent and a 2 percent deduction from divestitures. Our execution focus will be on aligning costs with minimal, if any, underlying sales growth to improve margins and position the company for increased profit growth in 2016. Therefore, restructuring will continue to be increased in this environment and is now expected to exceed $140 million in the fiscal year. Reported earnings per share are expected to be $4.17 to $4.32, including a significant reduction from currency translation, the power transmission solutions divestiture gain of $0.77 per share, and accelerated restructuring costs of $0.09 per share." EPS consensus is $3.66.
07:04 EDTEMREmerson reports adjusted Q2 EPS 65c, consensus 76c
Reports Q2 revenue $5.4B, consensus $5.42B
May 4, 2015
15:01 EDTEMRNotable companies reporting before tomorrow's open
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May 3, 2015
14:22 EDTEMREmerson shares could approach $75-$80 in coming years, Barron's says
Shares of Emerson may approach $75-$80 in the next few years, Barron's contends in its "The Trader" column, citing Capital Advisors. Barron's argues that fears of oil volatility overexposure are overblown, while global economic headwinds and the effects of foreign exchange seem to be improving in Emerson's favor. Reference Link
April 24, 2015
07:25 EDTEMREmerson discloses three month orders decreased double digits
In a regulatory filing, Emerson disclosed three-month orders down double digits, reflecting the drop in oil prices a global slowdown in capital spending, most notably in energy-related markets, and significant strength in the U.S. dollar, which deducted 7 percentage points through currency translation. The company added, "European markets have recently shown some signs of improvement as a result of the weaker Euro. Underlying orders were down high single digits reflecting slow market conditions in all segments. Underlying sales for the second quarter will be flat compared to prior year, excluding unfavorable currency of 5% and an impact from divestitures of 2 percent. Reported GAAP sales for the second quarter will be down 7%. These results are in line with our commentary from the February orders release. We expect to increase full year restructuring spending to approximately $140M."

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