UNITED
STATES
SECURITIES
AND EXCHANGE COMMISSION
WASHINGTON,
D.C. 20549
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):
August 24, 2010
Emerson
Electric Co.
(Exact
Name of Registrant as Specified in Charter)
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Missouri
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1-278
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43-0259330
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(State
or Other
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(Commission
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(I.R.S.
Employer
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Jurisdiction
of
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File
Number)
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Identification
Number)
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Incorporation)
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8000
West Florissant Avenue
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St. Louis, Missouri
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63136
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(Address
of Principal Executive Offices)
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(Zip
Code)
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Registrant’s
telephone number, including area code:
(314)
553-2000
Check the appropriate box below if the
Form 8-K filing is intended to simultaneously satisfy the filing obligation of
the registrant under any of the following provisions:
¨ Written
communications pursuant to Rule 425 under the Securities Act (17 CFR
230.425)
¨ Soliciting
material pursuant to Rule 14a-12 under the Exchange Act (17 CFR
240.14a-12)
¨ Pre-commencement
communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR
240.14d-2(b))
¨ Pre-commencement
communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR
240.13e-4(c))
Item 7.01. Regulation FD
Disclosure.
The
following information is furnished pursuant to Regulation FD.
Emerson GAAP Underlying
Orders – 3 Month Summary
(Percent
change. Trailing 3-month average versus prior year.)
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May ‘10
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June ‘10
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July ‘10
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Process
Management
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-5
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0
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0
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Industrial
Automation
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>+20
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>+20
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>+20
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Network
Power
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+5
to +10
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+10
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+5
to +10
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Climate
Technologies
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>+20
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>+20
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+5
to +10
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Appliance
and Tools
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+5
to +10
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+5
to +10
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+5
to +10
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Total
Emerson
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+10
to +15
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+10
to +15
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+10
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July 2010 Order
Comments:
Underlying
order growth excluding currency remained strong for the three months ended in
July, but has started to moderate slightly from the peak level as
expected. We expect underlying order growth to continue moderating
and return to more normal levels as comparisons become less favorable in future
months. Currency exchange rates negatively impacted total Emerson by
approximately 7 percentage points.
The
Process Management trailing three-month underlying order growth rate excluding
currency continued to strengthen and was at the highest level since orders
turned positive in March. Currency exchange rates negatively impacted
orders by approximately 15 percentage points. MRO and small projects
continued to drive order growth in the U.S., Europe, and Asia. Oil
and gas orders have improved globally and power and nuclear end markets have
gained strength.
Order
growth for Industrial Automation remained strong and was led by the electrical
drives, power generating alternator and power transmission
businesses.
Network
Power trailing three-month underlying orders excluding currency increased
slightly versus the previous month, but currency exchange rates negatively
impacted orders by approximately 4 percent. Excluding currency, all
businesses had double-digit increases with the exception of the network power
business in Asia, which declined against tough prior year comparisons which were
driven by 2009 stimulus investments in China.
Climate
Technologies orders continued to moderate from very high levels to more normal
levels as comparisons become increasingly difficult. Growth was
driven by broad demand across Asia, as well as European refrigeration and North
American residential replacement and stationary refrigeration end
markets.
Appliance
and Tools order trends remained consistent with the prior month, with growth in
the motors, tools and disposer businesses partially offset by weakness in the
residential storage business.
Upcoming Investor
Events:
August
31, 2010 – Morgan Stanley Global Industrials Unplugged Conference
Location: The New York
Palace Hotel in New York City
Time: 9:00 a.m. to 9:40 a.m.
Eastern Daylight Time
Presenter: Edward L. Monser, Chief
Operating Officer
Updates
and further details on this and other upcoming events will be posted in the
Calendar of Events area in the Investor Relations section of the corporate
website as they occur.
Forward-Looking and
Cautionary Statements:
Statements
in this Current Report on Form 8-K 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. These risks and uncertainties include economic and currency
conditions, market demand, pricing, and competitive and technological factors,
among others, as set forth in the Company's most recent Form 10-K filed with the
SEC.
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.
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EMERSON
ELECTRIC CO.
(Registrant)
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Date: August
24, 2010
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By:
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/s/ Timothy
G. Westman
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Timothy
G. Westman
Vice
President, Associate General Counsel
and
Assistant
Secretary
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