The following slide deck was published by Emerson Electric Co. in conjunction with their 2020 Q3 earnings call.. Product(s) in your cart may not be available in the selected country and will be removed from your cart if you choose the “SELECT” button below. Revenue declines were in-line with management expectations, as COVID-19 negatively affected nearly all end markets and geographies throughout the quarter. Thanks, Warner, and good morning, everyone. Segment EBIT margin decreased 3.7 points to 12.0 percent, driven by deleverage and mix. By selecting a new country/region, product(s) may be unavailable and items in your shopping cart will be removed. Toronto, Ontario--(Newsfile Corp. - November 30, 2020) - HIRE Technologies Inc. (TSXV: HIRE) ("HIRE" or the "Company"), a company focused on modernizing and digitizing the fragmented staffing industry, is pleased to announce financial results for the quarter ended September 30, 2020. said Emerson Chairman and Chief Executive Officer David N. Farr. Bunge has provided additional information in its reports on file PUBLISHED 5 November 2020. 5 November 2020 07:00 GMT . View printer-friendly release with financial tables here. Find out more about how we use your information in our Privacy Policy and Cookie Policy. Q3 2020 results October 23, 2020. Finally, Asia, Middle East & Africa was down 18 percent, with China down 9 percent. News About Companies in Silicon Valley and the Bay Area. Total restructuring actions for the year are now expected to be approximately $300 million, an increase of $20 million from the previous guidance. Total restructuring in the quarter was $80 million, and totals $192 million year-to-date. Silicon Valley Daily. GAAP earnings per share guidance is $2.80 to $2.95. In Q3 2019, AgEq was calculated using metals prices of … Forward-looking statements may include, in particular, statements about future events, future financial performance, plans, strategies, expectations, Emerson (NYSE: EMR) today reported results for the second fiscal quarter ended March 31, 2020 and announced updated guidance for the fiscal year. This presentation contains forward-looking statements. Geographically, North America was down 20 percent and remains the key near-term challenge from a demand perspective. Q3 2020 Results reconciliation 10. Q3 2020 Group results. Pharmaceuticals Q3 2020 Sales All figures £m 1,267 1,216 2,223 1,706 806 978 2,308 Q319 Q320 Q319 Q320 2,486 +12% CER +8% AER-18% CER-23% AER 1,093 1,175 Q319 Q320 28.0% 24.1% +470bps CER +390bps AER Operating margin Impact of … Information about your device and internet connection, including your IP address, Browsing and search activity while using Verizon Media websites and apps. High-performance integrated motion control line designed to improve efficiency and throughput in range of packaging, printing and food and... ©2020 Emerson Electric Co. All rights reserved. The following table presents the updated 2020 guidance framework: This updated guidance assumes, among other items, a continued challenging but steadily improving demand environment in the fourth quarter. Q3 2020 Group results Summary. The company continued to see particular weakness in North American markets while China grew by 3 percent. Q3 2020 Financial Results. Third quarter 2020 results of Royal Philips in summary and PDF format. Highlights: Financial Results. Automation Solutions net sales decreased 14 percent, with underlying sales down 13 percent excluding unfavorable currency of 1 percent. •These forward-looking statements are subject to various risks and uncertainties. Demand decreased year-on-year in all regions despite a strong rebound in China, which drove improved order development, particularly in Robotics. You can change your choices at any time by visiting Your Privacy Controls. Emerson today announced it has completed the acquisition of the Progea Group. Europe dropped by 12 percent, as general weakness was somewhat offset by residential heat pump demand. Learn more here. "Amidst all of the shifting dynamics and uncertainties, we remained steadfast in our primary focus of keeping employees safe and healthy, and serving customers in their essential industries with the vital technologies and services they rely upon. Emerson is where technology and engineering come together to create solutions for the benefit of our customers, driven without compromise for a world in action. Conference call slides will be posted in advance of the call on the company website. Important information Forward-Looking Statements and Risks & Uncertainties This document and the related oral presentation contain, and responses to questions following the presentation may contain, forward-looking statements that reflect the intentions, beliefs or current expectations and projections of Adjusted earnings per share guidance, which excludes restructuring actions and related costs, is $3.20 to $3.35, compared to prior guidance of $3.00 to $3.20. LOUIS, August 6, 2019 – Emerson (NYSE: EMR) today reported results for the third quarter ended June 30, 2019. Net cash Sep 30, 2020, was SEK 41.5 (37.4) b. The Liberty Global press release can be found here. Turning now to page 13 of our presentation. Q3 2020. Europe was down 12 percent as air conditioning weakness more than offset demand in heat pump markets. Asia, Middle East & Africa underlying sales dropped 6 percent, as solid growth in China of 9 percent was more than offset by weakness in the rest of Asia and the Middle East. Fourth quarter GAAP net sales were down 8 percent and underlying sales were down 9 percent excluding favorable currency of 1 percent. Trading conditions during the third quarter remained challenging, influenced by the ongoing COVID-19 pandemic. Businesses more exposed to big box and do-it-yourself retail performed better but were still negative in the quarter. Order rates varied dramatically during the quarter, from down 35 percent in April year-over-year, to positive 1 percent in June. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Statements in this press release that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. Programmable Automation Control Systems (PLC/PAC), Emerson Exchange Virtual Series: Accelerating Digital Transformation, AVENTICS – Product Calculation Pneumatics, Fluid Control & Pneumatics Tools & Configurators, Electrical Construction Materials & Lighting, Residential Construction & Home Improvement, Emerson Launches Modular Industrial Displays to Minimize Lifecycle Cost in Industrial Applications, Emerson Expands Industrial Automation Control and Software Footprint with New Agreement, Emerson’s New Motion Control Portfolio Delivers Flexibility, Scalability and Reliability, Initiated $94 million of restructuring actions in the quarter, totaling $231 million year-to-date, continuing strong execution on the comprehensive cost reset plan, Updating full-year guidance as cost savings take effect, demand begins to stabilize, and the economy begins to reopen. For more specific information on how we use cookies and to change your cookie preferences, see our Cookie Notice. Asia, Middle East & Africa showed the most modest decline, down 9 percent. Third quarter GAAP net sales were down 16 percent and underlying sales were down 15 percent excluding unfavorable currency of 1 percent. Q3 2020 Group results. Click the X to close this notice. Underlying sales in the Americas were down 20 percent, reflecting a broad-based decline, particularly in commercial end markets. Lastly, the guidance assumes no changes in discrete tax items and assumes oil prices remain in the approximately $35 to $45 range during that time period. Please contact us for assistance. Share repurchases remain suspended, and total approximately $950 million. Please enable JavaScript to use this website. Adjusted segment EBIT margin, which excludes restructuring and related costs, decreased 120 basis points to 15.1 percent while adjusted segment EBITDA margin decreased 30 basis points, to 20.4 percent. | Q3 2020 RESULTS REVIEW •Today’s presentation includes forward-looking statements that reflect Bunge’s current views with respect to future events, financial performance and industry conditions. Free cash flow was $738 million, down $87 million or 11 percent, resulting in free cash flow conversion of 181 percent in the quarter. ST. LOUIS, Aug 4, 2020 - Emerson (NYSE: EMR) today reported results for the third fiscal quarter ended June 30, 2020 and announced updated guidance for the full year. Stocks. Yahoo is part of Verizon Media. ... a sequential increase of 23% compared with $23.0 million for the second quarter of 2020 and an 18% increase compared with Q3 2019. Virgin Media’s fixed income release can be found here. Adjusted EBIT margin, which excludes restructuring and related charges, was 15.3 percent for the quarter, down 240 basis points, reflecting deleverage, foreign exchange losses, and the effect of a higher stock price, which was mitigated by aggressive cost reductions and favorable price cost. RXi industrial displays are vivid, responsive and modular, delivering high performance even in harsh and difficult operating environments. Pretax margin of 11.7 percent and EBIT margin of 12.9 percent were down 470 basis points and 440 basis points, respectively. Silicom Reports Q3 2020 Financial Results. We use cookies and similar technologies to improve our website, to personalize website content to you, and to deliver advertising messages and offers on content that are relevant to you. “While sales results were in-line with expectations, profitability for the third quarter came in well above expectations, primarily driven by our ongoing aggressive cost actions and as Emerson remained at work around the world. ST. LOUIS, Nov 3, 2020 - Emerson (NYSE: EMR) today reported results for the fourth fiscal quarter and fiscal year ended September 30, 2020. There is no change in the dividend outlook. Summary. I want to personally thank our entire Emerson organization, and especially our front-line employees serving essential industries, for their diligence, professionalism, and unwavering commitment to supporting our customers and one another in this rapidly evolving and challenging environment. "As the fiscal year rapidly comes to a close and economies continue to reopen, we remain laser focused on driving long-term value creation for all of our stakeholders - customers, employees, communities, and shareholders," Farr concluded. Tuesday, November 3, 2020 Beginn: ca. I also want to thank my fellow Office of the Chief Executive team members who remained in our offices every day throughout the third quarter to lead the company through these particularly challenging and ever-changing past 125 days. These results reflected the benefits of aggressive restructuring and cost control actions, and a lower effective tax rate than expected in the quarter. The challenging repositioning work we are engaged in now positions Emerson for long-term outperformance as the world's economies emerge from this historic COVID-19 chapter.". [1] Q3 2019 was impacted by cost provisions of SEK -11.5 b. related to the investigation by the United States Securities and Exchange Commission (SEC) and the United States Department of Justice (DOJ) as well as a refund of social security costs of SEK 0.9 b. Total restructuring in the quarter was $12 million, with a total of $31 million year-to-date. In Q3 2020, AgEq was calculated using metals prices of $24.26 oz Ag, $1,909 oz Au and $2.96 lb Cu. 2 mins S&P 500 may be ahead of itself in the near term – Citibank FXStreet 12 mins Leisure & Financials – 11/30 Select List Seeking Alpha Understand and don’t want to see this message again? On a pro forma basis, the combined Q3 2019 Canadian envelope revenue of Supremex, and pre-acquisition Royal Envelope were $27.1 million versus $21.7 million in Q3 2020, a … “Like many organizations, Emerson has been forced to rapidly adapt to the COVID-19 reality during the quarter, and I'm extremely proud of how the team rose to the challenge." The preliminary Q3 2020 results for Virgin Media UK and Ireland have been published today. To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. HubSpot Nov 05, 2020, 16:10 ET. Longer cycle businesses of final control and systems saw declines of high-single and mid-single digits respectively, while the shorter cycle instrumentation business had a sharper decline. Trading conditions during the third quarter remained challenging, influenced by the ongoing COVID-19 pandemic. Summary. Year-to-date free cash flow was $1.53 billion, up $118 million or 8 percent. "I firmly believe that we will emerge from this pandemic a stronger, leaner, and more agile organization, poised to partner with our customers and capitalize on the macro trends accelerated by COVID-19: automation, efficiency, digitization, and emissions measurement and management. Emerson (NYSE: EMR) today reported results for the third fiscal quarter ended June 30, 2020 and announced updated guidance for the full year. Emerson Confidential Third Quarter 2020 Underlying Sales Europe Americas (20%) Asia, Middle East & Africa (9%) Underlying sales* (15%) Acquisitions, net 0 pts FX impact (1) pts Net sales (16%) UNDERLYING SALES CHANGE CHALLENGING GLOBAL DEMAND ENVIRONMENT CONTINUED IN Q3 AS COUNTRIES CLOSED BORDERS AND CUSTOMERS FACED UNPRECEDENTED UNCERTAINTY 10 This increase primarily reflects the aggressive restructuring reset actions and COVID-19 related cost containment actions positively impacting profitability. Philips Q3 2020 financial performance and sustainability highlights. Operating cash flow was $842 million, down $104 million or 11 percent for the quarter. Q3 2020 Financial Results Third quarter 2020 highlights Ferrari signs the 2021-2025 Concorde Agreement On August 18, 2020, Ferrari S.p.A. signed the two agreements that will govern the Scuderia’s participation in the FIA Formula One World Championship over the five year . June trailing three-month underlying orders were down 19 percent, as the OEM and distribution-based businesses saw significant declines in business activity. LOUIS, Aug 4, 2020 - Emerson (NYSE: EMR) today reported results for the third fiscal quarter ended June 30, 2020 and announced updated guidance for the full year. Q3 2020 Results Stefan Klebert, CEO Marcus A. Ketter, CFO DÜSSELDORF, NOVEMBER 05, 2020. The updated guidance also assumes no major operational or supply chain disruptions. Lastly, capital expenditures remain unchanged at $550 million. China orders were up 1 percent as the economy reopened. 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