Feb 5 (Reuters) - Engineering solutions provider Emerson
topped first-quarter profit estimates on Wednesday,
fueled by resilient demand in its valves and regulators unit.
Demand for Emerson's industrial components has surged as
companies increase their energy and power investments.
Sales in Emerson's final control unit, which makes valves,
regulators and actuators, rose about 4% to $976 million in the
reported quarter.
On an adjusted basis, the company earned $1.38 per share in
the first quarter ended Dec. 31, compared with analysts'
estimate of $1.28 per share, according to data compiled by LSEG.
"We reiterate our guide for underlying sales, earnings per
share and cash-flow-driven by resilient demand in process and
hybrid markets, expected second half discrete recovery and our
proven ability to execute," CEO Lal Karsanbhai said.
Emerson had earlier forecast 2025 per-share adjusted profit
to be in the $5.85 to $6.05 range.
Its quarterly revenue rose 1% to $4.18 billion but missed
analysts' average estimate of $4.23 billion, hurt by a slowdown
in demand for its automation technology.