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

EMERSON ELECTRIC CO.

(EMR)
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Emerson Electric : Announces Recipients of 2020 ASCO Engineering Scholarship Program

11/10/2020 | 05:46am EST

Emerson has awarded Gillian Barach of Toronto, Ohio, a biomedical engineering major at the University of Akron, a $5,000 scholarship, and granted UA's engineering department an additional $1,000 through its 2020 ASCO Engineering Scholarship Program.

The scholarships represent Emerson's long-standing commitment to rewarding outstanding engineering students and advancing the workforce of tomorrow. To date, Emerson has awarded $156,000 under the program. High Resolution Image

2020 Asco Engineering Scholarship winners

Emerson has awarded Jacob Lackner of Frenchtown, Mont., a mechanical engineering major at Montana State University, a $5,000 scholarship, and granted MSU's engineering department an additional $1,000 through its 2020 ASCO Engineering Scholarship Program. The scholarships represent Emerson's long-standing commitment to rewarding outstanding engineering students and advancing the workforce of tomorrow. To date, Emerson has awarded $156,000 under the program. High Resolution Image

Amid a tumultuous year, the merit-based scholarships invest in the potential of tomorrow's workforce

Emerson today announced the recipients of its 2020 ASCO Engineering Scholarship Program, continuing the company's long-standing commitment to rewarding outstanding engineering students and advancing the workforce of tomorrow. The recipients are Gillian Barach of Toronto, Ohio, a biomedical engineering major at the University of Akron, and Jacob Lackner of Frenchtown, Montana, a mechanical engineering major at Montana State University. Emerson awarded each student a $5,000 scholarship and granted an additional $1,000 to the engineering department of each of their colleges.

'2020 thrust unprecedented challenges upon the world - unlike any other in this or recent generations. But even as we work to resolve our most immediate risks, we must continue to plan and ensure our future and all its potential. It is leadership in science and technology and the success of our future workforce that we invest in with our scholarships. Congratulations to our 2020 recipients, Gillian and Jacob,' said Gordon Muir, president, industrial automation at Emerson.

The ASCO Engineering Scholarship Program is an integral component of Emerson's global commitment to STEM (science, technology, engineering and math) education. To date, Emerson has distributed $156,000 in scholarships and grants through its ASCO Engineering Scholarship Program, supporting 26 outstanding engineering students and their colleges.

Gillian Barach of Toronto, Ohio, is pursuing a Bachelor of Science in biomedical engineering, biomaterials and tissues track, at the University of Akron, with an expected graduation date of May 2023. Gillian, a Williams Honors College Scholar, turned her childhood delight of building and taking apart anything that she could find into a lifelong interest in engineering where 'your work can change the lives of individuals who are trusting you to help them,' Barach said. 'I am beyond grateful for Emerson and their support. It is an amazing honor to be acknowledged by such a prestigious company.'

Jacob Lackner of Frenchtown, Montana, is pursuing a Bachelor of Science in mechanical engineering and a minor in aerospace engineering at Montana State University, with an expected graduation date of December 2021. Jacob is exploring the application of engineering in industries ranging from aerospace to energy to advanced prosthetics. 'We live in an incredible time where technology and engineering can drastically change lives for the better. We must utilize this advantage to increase the quality of life around the world,' Lackner stated.

Each spring over the past 13 years, Emerson has opened its ASCO Engineering Scholarship Program to U.S. citizens and legal U.S. residents. Applicants must have completed their sophomore year in a bachelor's degree program or be enrolled in a graduate program at an accredited U.S. educational institution at the time of application. For application details, visit https://go.emersonautomation.com/asco-engineering-scholarship. To view past recipients, visit https://www.asco.com/en-us/Pages/scholarship-winners.aspx.

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Contacts: Emerson Automation Solutions Global Media Contacts

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About Emerson

Emerson (NYSE: EMR), headquartered in St. Louis, Missouri (USA), is a global technology and engineering company providing innovative solutions for customers in industrial, commercial, and residential markets. Our Emerson Automation Solutions business helps process, hybrid, and discrete manufacturers maximize production, protect personnel and the environment while optimizing their energy and operating costs. Our Emerson Commercial & Residential Solutions business helps ensure human comfort and health, protect food quality and safety, advance energy efficiency, and create sustainable infrastructure. For more information visit Emerson.com.

(C) 2020 Electronic News Publishing, source ENP Newswire

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Financials (USD)
Sales 2021 17 257 M - -
Net income 2021 1 942 M - -
Net Debt 2021 4 065 M - -
P/E ratio 2021 25,5x
Yield 2021 2,40%
Capitalization 49 606 M 49 606 M -
EV / Sales 2021 3,11x
EV / Sales 2022 2,91x
Nbr of Employees 83 500
Free-Float 62,3%
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David N. Farr Chairman & Chief Executive Officer
Michael H. Train President
Steven J. Pelch Chief Operating Officer & Executive Vice President
Frank J. Dellaquila Chief Financial Officer & Senior Executive VP
Jake Fritz Chief Information Officer & Vice President
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