8-K: Current report
Published on March 26, 2001
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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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): March 23, 2001
Emerson Electric Co.
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(Exact Name of Registrant as Specified in Charter)
Missouri
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(State or Other Jurisdiction of Incorporation)
1-278
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(Commission File Number)
43-0259330
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(I.R.S. Employer Indentification Number)
8000 West Florissant Avenue, St. Louis, Missouri 63136
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code: (314) 553-2000
Item 9. Regulation FD Disclosure.
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The following information is furnished pursuant to Regulation FD.
Emerson GAAP Underlying Orders - 13 Month Summary
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(Percent change. Trailing 3-month average versus prior year.)
Feb. `01 Order Comments:
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Industrial Automation orders declined modestly versus January, driven by
increased softness in the U.S. markets as well as continued unfavorable currency
impacts. Excluding currency, Europe and the other international markets continue
to experience solid demand.
HVAC orders reflect an improved U.S. air conditioning environment compared to
earlier in the year, as well as continued strength in the international markets.
Electronics and Telecom orders reflect the cancellation of orders for power
systems and precision air conditioning systems that were placed in late 2000 and
were significantly in excess of demand at the time as customers reserved space
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for anticipated 2001 needs. In addition, demand softened for embedded power
supplies and connectivity products, driven by the industry-wide slowdowns in the
communications and computing markets. Overall, new orders received in January
and February were in line with the same period a year ago. February orders are
pro forma, including the fiscal 2000 Jordan Telecommunications Products and
Ericsson Energy Systems acquisitions.
Appliance and Tools orders reflect continued softness in motor and appliance
components demand, as well as recent softness in the storage solutions markets.
Process orders continue to reflect the growing success of PlantWeb and Emerson
Performance Solutions, widespread strength among control, valve and measurement
products, and overall increases in capital spending by customers in select
markets.
Upcoming Investor Events
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On Tuesday, May 1, 2001, Emerson will issue the Company's second fiscal
quarter results. A conference call with investors regarding the quarter will be
held at approximately 1:30 pm EST. An audio web cast of this call will be
available through the Investor Relations area of the corporate web site,
www.gotoemerson.com, and a recording will be archived for approximately three
days afterward.
Updates to this release or further details of upcoming events will be
posted in the Calendar of Events area in the Investor Relations section of the
corporate web site as they occur.
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: March 23, 2001 By: /s/ H. M. Smith
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H. M. Smith
Assistant General Counsel and
Assistant Secretary
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