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MarketScreener Homepage  >  Equities  >  Nyse  >  Emerson Electric Co.    EMR

EMERSON ELECTRIC CO.

(EMR)
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EMERSON ELECTRIC CO : Regulation FD Disclosure, Financial Statements and Exhibits (form 8-K)

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09/16/2020 | 07:55am EDT

Item 7.01 Regulation FD Disclosure

The following information is furnished pursuant to Regulation FD.

Emerson Three-Month Orders, Including Foreign Currency Translation (Percentage change versus prior year; trailing three-month averages, excluding acquisitions and divestitures, including currency translation)



                                     June '20     July '20       Aug '20
Automation Solutions                   (20)         (20)       (20) to (15)
Commercial & Residential Solutions     (20)     (10) to (5)       0 to 5
Total Emerson                          (20)     (20) to (15)   (15) to (10)




Orders Comments

Total Emerson trailing three-month orders were down 12 percent with underlying orders down 11 percent, excluding 1 percent of unfavorable currency impact.

Automation Solutions orders were down 19 percent and were down 18 percent on an underlying basis excluding unfavorable currency of 1 percent.

Commercial & Residential Solutions orders were up 2 percent and were up 2 percent on an underlying basis with negligible currency impact.

As expected, August trailing three-month orders reflected a continued challenging demand environment across most automation and commercial markets due to the COVID-19 pandemic and oil market volatility.

However, residential and consumer retail channel demand drove Commercial & Residential Solutions platform orders into positive territory. Further details are furnished in the short slide presentation as Exhibit 99.1.

Upcoming Investor Events

On Tuesday, November 3, 2020, Emerson will report its fourth quarter 2020 and full year results prior to market open. Emerson senior management will discuss the results during an investor conference call that same day, likely beginning at 3:00 p.m. Eastern Time, 2:00 p.m. Central Time. Participants can access a live webcast available at www.emerson.com/financial at the time of the call. A replay of the call will remain available for 90 days. Additionally, conference call slides will be posted in advance of the call on the website.

Forward-Looking and Cautionary Statements

Statements in this Current Report on Form 8-K and furnished in Exhibit 99.1 that are not strictly historical may be "forward-looking" statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include the scope, duration and ultimate impact of the COVID-19 pandemic as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, pricing, protection of intellectual property, cybersecurity, tariffs, competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC. Underlying orders discussed herein exclude the impact of currency translation.

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Item 9.01 Financial Statements and Exhibits

(d) Exhibits.

Exhibit Number    Description of Exhibits

  99.1              Slide Presentation - Platform trailing three-month underlying
                  orders detail by world area.
104               Cover Page Interactive Data File - the cover page XBRL tags are
                  embedded within the Inline XBRL document.



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© Edgar Online, source Glimpses


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