Emerson Doubles Down on Automation: $3.5B Copeland Sale Fuels Strategy Shift
Emerson Electric to sell remaining stake in Copeland joint venture for $3.5 billion, plans to use proceeds to reduce debt and focus on automation market.
Emerson Electrifies Q2 With Earnings Beat, Tightens FY Sales Growth Outlook
Emerson Electric Co (EMR) reported 17% net sales growth in Q2 FY24, beating expectations. Adjusted EPS improved by 25%, and dividend declared.
Why Rockwell Automation Shares Are Falling Tuesday
Rockwell Automation reported lower Q2 FY24 results and cut its FY24 outlook. Sales fell 6.6% Y/Y, but total ARR grew 20% Y/Y. Adjusted EPS beat estimates at $2.50. Company is searching for new CFO.
AZZ Eyes Growth Spurt: Strong Markets Fuel FY25 Sales, Profit Forecast
AZZ raises FY25 guidance due to strength in several end markets. Sales outlook increased to $1.525-$1.625B, adjusted EPS to $4.50-$5.00, and adjusted EBITDA to $310-$360M. Company plans to report Q4 results on April 22, 2024.
Globalstar, Globalsat To Deploy IoT Solution For ‘Monitoring Of Renewable Energy Stations In Latin America’
Globalstar (NYSE:GSAT), has partnered with Globalsat Group to deploy a jointly developed IoT solution powered by Globalstar's satellite network designed to monitor renewable energy stations located in remote areas of