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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
_______________
FORM i 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
i Emerson Electric Co.
-------------------------------------------------
(Exact
Name of Registrant as Specified in Charter)
|
| | |
i Missouri | | i 43-0259330 |
--------------------------------- (State
or Other Jurisdiction of Incorporation) | ------------------- (Commission | --------------------------- (I.R.S. Employer Identification Number) |
| File Number) | |
|
| | | |
i 8000
West Florissant Avenue | | |
i St. Louis, | i Missouri | | i 63136 |
------------------------------------------------ (Address
of Principal Executive Offices) | | ------------------ (Zip Code) |
Registrant’s telephone number, including area code:
( i 314) i 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: i ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
i ☐ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
i ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
i ☐ 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:
|
| | |
Title of each class | Trading Symbol(s) | Name of each exchange on which registered |
i Common
Stock of $0.50 par value per share | i EMR | i New York Stock Exchange |
| | i Chicago
Stock Exchange |
i 0.375% Notes due 2024 | i EMR 24 | i New
York Stock Exchange |
i 1.250% Notes due 2025 | i EMR 25A | i New
York Stock Exchange |
i 2.000% Notes due 2029 | i EMR 29 | i 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). i ☐ 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)
|
| | | | | | |
| | Mar '20 | | Apr '20 | | May '20 |
Automation
Solutions | | (5) to 0 | | (10) | | (15) |
Commercial & Residential Solutions | | (10) to (5) | | (20) to (15) | | (25) to (20) |
Total
Emerson | | (5) to 0 | | (15) to (10) | | (20) to (15) |
Orders Comments
Total Emerson trailing three-month orders were down 17 percent with underlying orders down 15 percent, excluding 2 percent of unfavorable currency impact.
Automation
Solutions orders were down 15 percent and were down 13 percent on an underlying basis excluding unfavorable currency of 2 percent.
Commercial & Residential Solutions orders were down 21 percent and were down 20 percent on an underlying basis excluding unfavorable currency of 1 percent.
As expected, trailing three-month orders across both business platforms reflected a continued challenging demand environment in May due to the COVID-19 pandemic and oil market volatility. Further details are furnished in the short slide presentation as Exhibit 99.1.
Upcoming Investor Events
On
Tuesday, August 4, 2020, Emerson will report its third quarter 2020 results prior to market open. Emerson senior management will discuss the results during an investor conference call that same day, likely beginning at 3:00 p.m. Eastern Time, 2:00 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. Additionally, conference call slides will be posted in advance of the call on the website.
Forward-Looking and Cautionary
Statements
Statements in this Current Report on Form 8-K and furnished in Exhibit 99.1 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 the scope, duration and ultimate impact of the COVID-19 pandemic as well as economic and currency conditions, market demand, including related to the pandemic and oil and gas price declines and volatility, 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.
Item 9.01 Financial Statements and Exhibits
(d) Exhibits.
|
| | |
Exhibit Number | | Description of Exhibits |
| | |
| | |
104 | | Cover Page Interactive Data File - the cover page XBRL tags are embedded within the Inline XBRL document.
|
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.
|
| | | |
| | EMERSON ELECTRIC CO. (Registrant) |
| | |
Date: | | By: | |
| | | Vice President and Assistant Secretary |
