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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15 (d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of Report (Date of earliest event
reported): September 11, 2019
Emerson Electric Co.
-------------------------------------------------
(Exact Name of Registrant as Specified in Charter)
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| | |
Missouri | 1-278 | 43-0259330 |
--------------------------------- (State or Other Jurisdiction of Incorporation) | ------------------- (Commission | --------------------------- (I.R.S. Employer Identification Number) |
| File Number) | |
|
| | | |
8000 West Florissant Avenue | | |
St. Louis, | Missouri | | 63136 |
------------------------------------------------ (Address of Principal Executive Offices) | | ------------------ (Zip Code) |
Registrant’s telephone number, including area code:
(314) 553-2000
------------------------------------------
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:
☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Securities registered pursuant to Section 12(b) of the Act:
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| | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
Common Stock of $0.50 par value per share | EMR | New York Stock Exchange |
| | Chicago Stock Exchange |
0.375% Notes due 2024 | EMR 24 | New York Stock Exchange |
1.250% Notes due 2025 | EMR 25A | New York Stock Exchange |
2.000% Notes due 2029 | EMR 29 | New York Stock Exchange |
Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§240.12b-2 of this chapter).
☐ Emerging growth company
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
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)
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| | | | | | |
| | Jun '19 | | Jul '19 | | Aug '19 |
Automation Solutions | | 0 to 5 | | 0 to 5 | | 0 to 5 |
Commercial & Residential Solutions | | -5 to 0 | | -5 to 0 | | -5 to 0 |
Total Emerson | | 0 | | 0 to 5 | | 0 to 5 |
August 2019 Orders Comments
Total Emerson trailing three-month orders were up 2 percent with underlying orders up 3 percent, excluding a 1 percent unfavorable currency impact.
Automation Solutions orders increased 4 percent and were up 5 percent on an underlying basis excluding unfavorable currency of 1 percent. Underlying orders growth was in-line with management's expectations as global demand remained stable.
Underlying orders in the Americas were up slightly, reflecting a stabilization of demand in North America and moderating growth in Latin America. Europe underlying orders were up mid-single digits, reflecting continued strong investment activity across process and hybrid end markets. Underlying orders growth in Asia, Middle East & Africa remained strong, with Asia up high-single digits, supported by continued infrastructure investment across the region.
Commercial & Residential Solutions orders were down 3 percent with underlying orders down 2 percent, excluding unfavorable currency of 1 percent, and were slightly below management's expectations primarily due to continued unfavorable weather conditions in North America and slower conditions in global professional tools markets. These impacts were somewhat offset by stronger Asia Climate Technologies underlying orders, which were up low-single digits for the second consecutive month.
Upcoming Investor Events
On Tuesday, November 5, 2019, Emerson will report its fourth quarter and full-year 2019 results prior to market open and host an investor conference call that same day, beginning at 2:00 p.m. Eastern Time, 1:00 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.
Forward-Looking and Cautionary Statements
Statements in this Current Report on Form 8-K 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 economic and currency conditions, market demand, 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.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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| | EMERSON ELECTRIC CO. (Registrant) |
| | |
Date: | September 11, 2019 | By: | /s/ John A. Sperino |
| | | John A. Sperino Vice President and Assistant Secretary |