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February 5, 2013
14:44 EDTEMREmerson CEO Farr: Recent order trends suggest market conditions stabilizing
On Emerson's (EMR) Q1 earnings conference call, CEO David Farr said, "The pockets of growth our businesses captured were encouraging even though the level of total investment in our end markets continues to be slow. Recent order trends suggest market conditions have stabilized and may be poised for improvement, particularly in the emerging markets. Business investment remains slow and cautious globally, particularly in Europe, but there have been indications of thawing demand in certain markets." Despite the tenuous economic environment, the company expects to be on pace for record financial performance in 2013, with most of the gains coming in the first half of the year. Asia is expected to gain order growth momentum in the second quarter, especially in China and India. Also, steady demand in the near term from the continued recovery of residential end markets in U.S. is expected to drive profits. Management says the balance sheet remains strong and the near term outlook looks solid, supported by energy end market strength and a high backlog. Overall, the company says its cost structure remains well-positioned for continued sluggish demand for industrial capital goods in the near term.
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April 1, 2015
15:53 EDTEMREmerson late report of orders generating questions, says JPMorgan
JPMorgan noted that over the past ten years, other than earnings release dates, an orders report from Emerson has come out in the forward month only once, adding that the fact that its usual report is "officially on the late side" has resulted in the firm receiving many questions. It is possible the company is holding off on reporting orders because of something big strategically, but the firm believes a weaker than expected orders report, along with an associated downward revision to earnings, is more likely. The firm said its still cautious on most industrial cyclical names in the sector and keeps a Neutral rating on Emerson shares, which are down 72c, or 1.27% , to $55.90 in late trading.

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