Emerson Electric Reviewing Operational, Capital Allocation, Portfolio Initiatives
October 01 2019 - 7:49AM
Dow Jones News
By Michael Dabaie
Emerson Electric Co. (EMR) said it is conducting a comprehensive
review of its operational, capital allocation and portfolio
initiatives.
Technology and engineering company Emerson's said its board will
lead the evaluation, which will be supported by a consulting firm
and independent legal and financial advisers.
"While we remain positive on Emerson's end markets, we
anticipate a challenging geopolitical and economic landscape over
the next couple of years. We are focused on ensuring we are well
positioned to successfully drive outperformance and shareholder
value," said Chief Executive David N. Farr.
The company also backed its 2019 earnings per share guidance of
$3.60 to $3.70.
Write to Michael Dabaie at michael.dabaie@wsj.com
(END) Dow Jones Newswires
October 01, 2019 07:34 ET (11:34 GMT)
Copyright (c) 2019 Dow Jones & Company, Inc.
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