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Emerson beats quarterly profit estimates on strong industrial components demand
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Emerson beats quarterly profit estimates on strong industrial components demand
Feb 5, 2025 5:41 AM

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.

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