Emerson electric co. private company information – bloomberg gas 85 octane

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Emerson Electric Co., a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company’s Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions. This segment serves oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, automotive, pulp and paper, metal and mining, and municipal water supplies markets. Its Commercial & Residential Solutions segment provides services for climate control industry, such as residential hea…

Emerson Electric Co., a technology and engineering company, provides various solutions to industrial, commercial, and residential markets worldwide. The company’s Automation Solutions segment offers software; measurement and analytical instrumentation; valves, actuators, and regulators; industry services and solutions; process control systems and solutions; and digital plant solutions. This segment serves oil and gas, refining, chemicals, power generation, pharmaceuticals, food and beverages, automotive, pulp and paper, metal and mining, and municipal water supplies markets. Its Commercial & Residential Solutions segment provides services for climate control industry, such as residential heating and cooling, commercial air conditioning, and commercial and industrial refrigeration. This segment supplies compressors; thermostats; monitoring equipment and electronic controls for gas and electric heating systems; gas valves for furnaces and water heaters; ignition systems for furnaces; sensors and thermistors for home appliances; and temperature sensors and controls. It also offers reciprocating, scroll and screw compressors; precision flow controls; system diagnostics and controls that provide precise temperature management; and environmental control systems. This segment also provides tools for professionals and homeowners; and appliance solutions. The company was formerly known as The Emerson Electric Manufacturing Company and changed its name to Emerson Electric Co. in 2000. Emerson Electric Co. was founded in 1890 and is headquartered in St. Louis, Missouri.

Emerson Electric Co. reported unaudited consolidated earnings results for the second quarter and six months ended March 31, 2018. For the quarter, the company reported net sales of $4,248 million against $3,574 million a year ago. sales up 8% excluding favorable currency of 3% and an impact from acquisitions and divestitures of 8%. Earnings from continuing operations before income taxes were $658 million against $565 million a year ago. Earnings from continuing operations were $489 million or $0.76 per diluted share against $384 million or $0.58 per diluted share a year ago. Net earnings to common stockholders were $482 million or $0.76 per diluted share against $292 million or $0.45 per diluted share a year ago.

For the six months, the company reported net sales of $8,064 million against $6,790 million a year ago. Earnings from continuing operations before income taxes were $1,161 million against $1,029 million a year ago. Earnings from continuing operations were $883 million or $1.37 per diluted share against $754 million or $1.14 per diluted share a year ago. Net earnings to common stockholders were $874 million or $1.37 per diluted share against $601 million or $0.93 per diluted share a year ago. Cash provided by operating activities were $944 million against $410 million a year ago. Capital expenditures were $194 million against $194 million a year ago.

Full-year 2018 the company is raising full-year sales guidance to the high-end of the previously communicated range and increasing the expected earnings per share range. The updated guidance does not include the results of the recently announced $810 million Tools & Test acquisition, expected to close in the fiscal fourth quarter. Total company’s net sales growth is now expected to be approximately 13%, with Automation Solutions up 20% and Commercial & Residential Solutions up 2%. Excluding a 6% impact from acquisitions, divestitures and currency translation, total company’s underlying sales growth is expected to be approximately 7%, with Automation Solutions up 8% and Commercial & Residential Solutions up 5%. The GAAP earnings per share guidance range is increased to $3.10 to $3.20 from prior guidance of $3.05 to $3.15.