Associated tags: Health, Automation, Safety, NYSE, Software, Environment, Emerson, Renewable energy, Engineering
Locations: US, NORTH AMERICA, UNITED STATES, AUSTRALIA, CALIFORNIA, GERMANY, RUSSIA, NORTH CAROLINA, GREENTOWN, NEW YORK, LATIN AMERICA, BLACKSTONE, COPELAND, BOSCH, CONNECTICUT, SPAIN, ST, INDEPENDENCE CENTER, NY, CENTRAL, FLORIDA, NEW YORK CITY, EMERSON, MISSOURI, TEXAS, NI, SIEMENS
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Syzygy,
Engine HOUSTON, May 15, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) has been chosen by Syzygy Plasmonics to automate its innovative catalyst reactor technology that uses light instead of thermal energy, such as heat generated from burning fossil fuels, for chemical manufacturing. The all-electric production method is designed to replace fossil fuel-based combustion, helping reduce industrial greenhouse gas emissions and operational costs while advancing global sustainability goals. Syzygy estimates its reactor systems could eliminate 1 gigaton of CO2 emissions by 2040.
Key Points:
- Syzygy estimates its reactor systems could eliminate 1 gigaton of CO2 emissions by 2040.
- The Syzygy catalyst reactor technology will advance decarbonization in a cost-effective way by electrifying carbon-intensive activities such as chemical manufacturing and reducing the carbon intensity of hydrogen, methanol and fuel production.
- Rather than rely on thermal energy, the Syzygy reactor harnesses the power of light to energize chemical reactions and reduce the carbon footprint in transportation fuels.
- "We are excited to advance this opportunity with Emerson not only for its automation technologies and software but also its sustainability leadership and domain expertise in chemical engineering, electrification and hydrogen production," said Syzygy Chief Executive Officer Trevor Best.
2 Underlying sales excludes the impact of currency translation, and acquisitions and divestitures including heritage AspenTech and Emerson's businesses contributed to AspenTech.
Key Points:
- 2 Underlying sales excludes the impact of currency translation, and acquisitions and divestitures including heritage AspenTech and Emerson's businesses contributed to AspenTech.
- 3 Adjusted segment EBITA represents segment earnings less restructuring and intangibles amortization expense.
- On a discontinued operations GAAP basis, Emerson expects third quarter EPS of $14 - $16 and fiscal 2023 EPS of $18 - $20.
- Today, beginning at 7:00 a.m. Central Time / 8:00 a.m. Eastern Time, Emerson management will discuss the second quarter results during an investor conference call.
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Management ST. LOUIS, May 3, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that Mike Baughman, vice president, controller and chief accounting officer, has been promoted to executive vice president and chief financial officer, effective May 10. He succeeds Frank Dellaquila, who will be retiring after 32 years with the company. To ensure a seamless transition, Dellaquila will serve as senior advisor to the CEO through Emerson's fiscal year end. Baughman will continue to serve as chief accounting officer for the company.
Key Points:
- ST. LOUIS, May 3, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced that Mike Baughman, vice president, controller and chief accounting officer, has been promoted to executive vice president and chief financial officer, effective May 10.
- Baughman will continue to serve as chief accounting officer for the company.
- Since joining Emerson in October 2017, Baughman has been a key member of Emerson's finance organization and has worked closely with the leadership team on the company's recent portfolio transformation.
- "We are excited to continue to benefit from Mike's financial and operational expertise as our next CFO," said Lal Karsanbhai, president and chief executive officer of Emerson.
Culture,
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Block ST. LOUIS, May 2, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced the appointments of Leticia Gonçalves and Jim McKelvey to its Board of Directors, effective May 2, 2023. Upon the addition of Gonçalves and McKelvey, the Emerson Board will expand to 13 members.
Key Points:
- ST. LOUIS, May 2, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) today announced the appointments of Leticia Gonçalves and Jim McKelvey to its Board of Directors, effective May 2, 2023.
- Upon the addition of Gonçalves and McKelvey, the Emerson Board will expand to 13 members.
- "We are pleased to welcome Leticia and Jim to the Emerson Board," said James Turley, chair of the Emerson Board of Directors.
- "Leticia's experience leading global teams, driving technology development and accelerating change make her an excellent addition to our Board of Directors.
ST. LOUIS, April 13, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) will report its second quarter results prior to market open on Wednesday, May 3, 2023.
Key Points:
- ST. LOUIS, April 13, 2023 /PRNewswire/ -- Emerson (NYSE: EMR) will report its second quarter results prior to market open on Wednesday, May 3, 2023.
- Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8 a.m. Eastern Time, 7 a.m. Central Time.
- All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form.
- A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.
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Wednesday, April 12, 2023
National Instruments,
Life Storage,
Tripura Merger Agreement,
Self storage,
Brodsky,
Emerson,
BIP,
Triton,
EXR,
Lee Equity Partners,
NYSE,
Security (finance) Key Points:
- If you own shares and wish to discuss the investigation, contact Jason Brodsky ( [email protected] ) or Marc Ackerman ( [email protected] ) at 855-576-4847.
- Under the terms of the agreement, National Instruments will be acquired by Emerson (NYSE – EMR) in an all-cash transaction.
- National Instruments shareholders will receive $60 in cash for each National Instruments share held.
- Under the terms of the agreement, Life Storage will be acquired by Extra Space Storage Inc. (“Extra Space”) (NYSE - EXR).
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Automatic test equipment,
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Security (finance) Emerson already owns approximately 2.3 million shares of NI, representing approximately 2% of shares outstanding, which were acquired at a weighted average price of $36.84.
Key Points:
- Emerson already owns approximately 2.3 million shares of NI, representing approximately 2% of shares outstanding, which were acquired at a weighted average price of $36.84.
- The transaction is expected to drive value creation and advance Emerson's position as a global automation leader by expanding and diversifying its customer base within highly attractive end markets.
- Given the pending acquisition of NI by Emerson, NI will not host an earnings conference call for first quarter results.
- BofA Securities is serving as exclusive financial advisor to NI and Wachtell, Lipton, Rosen & Katz is serving as legal advisor.
ST,
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Management ST. LOUIS, April 5, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) today appointed Vidya Ramnath senior vice president and chief marketing officer, effective June 1. Ramnath, who currently serves as Emerson's Middle East and Africa president, will report to Emerson President and Chief Executive Officer Lal Karsanbhai and serve on Emerson's Office of the Chief Executive. As CMO, she will lead global marketing, brand, external communications, and play a vital role in driving greater awareness of Emerson's continued evolution as a global automation leader across customer stakeholders and investor communities.
Key Points:
- Ramnath to lead comprehensive marketing, brand and communications strategy for global automation leader
ST. LOUIS, April 5, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) today appointed Vidya Ramnath senior vice president and chief marketing officer, effective June 1.
- Ramnath, who currently serves as Emerson's Middle East and Africa president, will report to Emerson President and Chief Executive Officer Lal Karsanbhai and serve on Emerson's Office of the Chief Executive.
- Across her nearly 30-year Emerson career, Ramnath has held several key marketing, sales and operations leadership roles globally since joining the company in 1994 as a manufacturing engineer for Rosemount in Singapore.
- Ramnath became the vice president of marketing for Emerson Asia Pacific in 2010 along with business leadership for Emerson's wireless portfolio.
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Wednesday, March 29, 2023
ST. LOUIS, March 29, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) has been named to Fortune Magazine's "America's Most Innovative Companies" list for 2023. The magazine's inaugural list recognizes companies leading in product and process innovation, innovation cultures and revenue growth. Emerson is ranked #33 on the list of 300 companies.
Key Points:
- Award recognizes Emerson's ongoing dedication to advancing innovation through its products, processes and people
ST. LOUIS, March 29, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) has been named to Fortune Magazine's "America's Most Innovative Companies" list for 2023 .
- The magazine's inaugural list recognizes companies leading in product and process innovation, innovation cultures and revenue growth.
- Emerson is ranked #33 on the list of 300 companies.
- "At Emerson, we are perpetual problem-solvers, continuously driven to innovate automation technology and software to address the world's most complex challenges," said Emerson Chief Technology Officer Peter Zornio.
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Recycling ST. LOUIS, March 28, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) has received the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy. The Energy Management award recognizes companies that have superior energy management programs and demonstrated their commitment to environmental protection and continuous improvement in their buildings and facilities.
Key Points:
- ST. LOUIS, March 28, 2023 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) has received the 2023 ENERGY STAR Partner of the Year Award from the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy.
- The Energy Management award recognizes companies that have superior energy management programs and demonstrated their commitment to environmental protection and continuous improvement in their buildings and facilities.
- Emerson has tracked and benchmarked energy usage at more than 200 global sites that are designated 'major energy-consuming facilities,' as well as over 500 other offices and service centers.
- As part of its sustainability initiatives, Emerson collaborates with other ENERGY STAR partners to benchmark progress and discuss program features such as Energy Treasure Hunts and supplier environmental engagement.
