Unassociated Document
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):
February 2, 2010
Emerson
Electric Co.
-------------------------------------------------
(Exact
Name of Registrant as Specified in Its Charter)
Missouri
---------------------------
(State
or Other
Jurisdiction
of
Incorporation)
|
1-278
-------------------
(Commission
File
Number)
|
43-0259330
---------------------------
(I.R.S.
Employer
Identification
Number)
|
8000
West Florissant Avenue
St.
Louis, Missouri
----------------------------------------------------
(Address
of Principal Executive Offices)
|
63136
------------------
(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:
o Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
o Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
o Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
o Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item
2.02 Results of Operations and Financial
Condition.
Quarterly Results Press
Release
On
February 2, 2010, a press release was issued regarding the first quarter 2010
results of Emerson Electric Co. (the “Company”). A copy of this press release is
furnished with this Current Report on Form 8-K as Exhibit 99.1.
The press
release contains non-GAAP financial measures as such term is defined in
Regulation G under the rules of the Securities and Exchange Commission. While
the Company believes these non-GAAP financial measures are useful in evaluating
the Company, this information should be considered as supplemental in nature and
not as a substitute for or superior to the related financial information
prepared in accordance with GAAP. Further, these non-GAAP financial measures may
differ from similarly titled measures presented by other companies. The reasons
management believes that these non-GAAP financial measures provide useful
information are set forth in the Company’s most recent Form 10-K filed with the
Securities and Exchange Commission.
Item
7.01. Regulation FD Disclosure.
The
following information is furnished pursuant to Regulation FD.
Emerson GAAP Underlying
Orders – 3 Month Summary
(Percent
change. Trailing 3-month average versus prior year.)
|
October
‘09
|
November
‘09
|
December
‘09
|
Process
Management
|
-10
to -5
|
-5
to 0
|
-15
to -10
|
Industrial
Automation
|
-30
to -25
|
-20
|
-15
to -10
|
Network
Power
|
-15
to -10
|
-5
to 0
|
0
to +5
|
Climate
Technologies
|
+5
|
+5
to +10
|
+15
to +20
|
Appliance
and Tools
|
-20
|
-10
|
-5
to 0
|
Total
Emerson
|
-15
to -10
|
-10
to -5
|
-5
to 0
|
December
2009 Order Comments:
Emerson’s
trailing three-month order rate was flat to down 5 percent, with currency
positively impacting orders by approximately 6 percentage points. The
trailing three-month order trends excluding currency have shown improvement in
all five business segments. Total underlying orders excluding
currency turned slightly positive for the month of December.
The
Process Management order rate was down 10 to 15 percent in the trailing
three-month period. Currency exchange rates positively impacted
the order rate by approximately 7 percentage points, a much smaller impact than
in the October and November trailing three-month periods. The
trailing three-month underlying order trends excluding currency have shown
modest improvement since October.
Order
trends for Industrial Automation continued to show sequential improvement each
month in the trailing three-month period. Positive order growth was
realized in the electronic drives business, while the power generating
alternator business remained weak. Currency exchange rates positively
impacted orders by approximately 7 percentage points.
Network
Power trailing three-month order trends continued to show improvement, impacted
positively by growth in the network power business in Asia and the embedded
power and computing businesses.
Climate
Technologies orders continued to trend positive, driven by strength in Asia and
improvement in air-conditioning and refrigeration end-markets.
Appliance
and Tools order trends showed continued improvement, led by growth in some of
the consumer-related businesses.
Upcoming Investor
Events:
Emerson
senior management will discuss the Company’s first quarter 2010 results during
an investor conference call that will be held on Tuesday, February 2,
2010. The call will begin at 2:00 p.m. Eastern Standard Time (1:00
p.m. Central Standard Time).
All
interested parties may listen to the live conference call via the Internet by
going to the Investor Relations area of Emerson’s website at www.Emerson.com/financial
and completing a brief registration form. A replay of the conference call
will be available for the next three months at the same location on the
website.
February
5, 2010 – Emerson’s Annual Investment Community Update
Location: New York
City
Time: 8:30 a.m. to 11:45
a.m. Eastern Standard Time
Presentation
and Webcast: Access to a webcast of the conference presentations, as
well as the presentation slides, will be available in the Investor Relations
area of Emerson’s website at www.Emerson.com/financial
at the time of the event. A replay of the webcast and the
presentation slides will be available for approximately one week at the same
location on the website.
Updates
and further details on these and other upcoming events will be posted in the
Calendar of Events area in the Investor Relations section of the corporate
website as they occur.
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, and competitive and technological factors,
among others, as set forth in the Company's most recent Form 10-K filed with the
SEC.
Item 9.01
Financial Statements and Exhibits.
Exhibit
Number
|
Description of
Exhibits
|
99.1
|
Emerson’s
February 2, 2010 Press Release announcing its first quarter 2010
results.
|
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)
|
|
|
|
|
|
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By:
|
/s/ Timothy
G. Westman |
|
|
|
Timothy
G. Westman
Vice
President, Associate General Counsel
and Assistant
Secretary
|
|
Exhibit
Number
|
Description of
Exhibits
|
99.1
|
Emerson’s
February 2, 2010 Press Release announcing its first quarter 2010
results.
|