
Emerson Electric (NYSE:EMR) has reported its Q4 2024 earnings, surpassing expectations with an adjusted EPS of $1.48 against the estimated $1.47 and revenue of $4.62 billion against the estimated $4.54 billion. The company also noted underlying sales growth of 4%, exceeding the estimated 2.94%. Looking forward, Emerson projects 2025 underlying sales growth of 3% to 5% and adjusted EPS between $5.85 and $6.05. Additionally, Emerson plans to buy back approximately $2.0 billion of shares in fiscal 2025. In a significant strategic move, Emerson has proposed to acquire the rest of Aspen Technology for $240 per share in cash, which has led to a 5.6% pre-market rise in Emerson's stock and a 4.6% pre-market increase in Aspen Technology's stock. The acquisition, valued at $15.1 billion, is seen as a major step in Emerson's automation strategy. Emerson also exceeded Q3 expectations, further boosting investor confidence.
Emerson's $15.1B Power Play: The Automation Takeover That's Changing the Game $EMR $AZPN #stocks #investing #valueinvesting # https://t.co/zjsMUKt2e1
Emerson Electric Stock Is Rising. The Earnings Outlook Has Investors Excited. https://t.co/YoQlWxbp0G
Emerson Electric $EMR jumps on Q3 beat, proposal to buy rest of AspenTech shares https://t.co/N03dtGiAH8 https://t.co/w4NIfZbBmP