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Emerson Electric Co

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  • NEW YORK, Feb 19- Diversified U.S. manufacturer Emerson Electric Co is "moving to being more of a buyer"- after shedding businesses worth $3.5 billion in recent years- and would consider multi-billion-dollar acquisitions, the company's president said on Thursday. Emerson is still exploring $500 million to $1 billion worth of divestitures to focus the business,...

  • Feb 3- Factory automation equipment maker Emerson Electric Co's quarterly revenue fell slightly due to a strong dollar and divestitures, and the company said it now expected sales to fall 1-4 percent in 2015.. Emerson blamed a strong dollar, lower oil prices and weakness in Europe, Latin America and the Middle East and Africa region for its weak sales forecast.

  • Feb 3- Emerson Electric Co, a maker of factory automation equipment and power supply systems, reported a 13.6 percent rise in quarterly profit, helped by lower costs. Net earnings attributable to common shareholders rose to $525 million, or 75 cents per share, in the first quarter ended Dec. 31, from $462 million, or 65 cents per share, a year earlier.

  • Dec 15- Emerson Electric Co said it would sell its power transmission unit to Regal Beloit Corp, a maker of electric motors, for $1.44 billion as it streamlines its business. Regal Beloit's shares rose 6 percent premarket on Monday on the deal, the company's biggest acquisition. Regal Beloit was competing with ball bearings maker Timken Co, brake and clutch maker...

  • Dec 15- Emerson Electric Co said it would sell its power transmission business to Regal Beloit Corp, a maker of electric motors, for $1.44 billion. The deal comprises $1.4 billion in cash and assumption of certain post-retirement liabilities, Emerson said. The unit had revenue of more than $600 million in 2014 and employed more than 3,000 people, the company said.

  • Two manufacturers with significant exposure to oil markets, General Electric Co and Honeywell International Inc, said in interviews they did not see any short-term impact, but that sustained lower prices could alter the picture. They include Emerson Electric Co, which sells equipment such as valves, as well as automation software and services to help manage...

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