Emerson Electric Net Worth is3.1 12-Month Sales Growth (%)
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Emerson Electric Company (NYSE: EMR) is an American multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.
Emerson is one of the largest power equipment manufacturers in the USA. As of 2010, it has a workforce of approximately 127,800 employees worldwide, with a global presence spanning 150 countries.
Emerson was established in 1890 in St. Louis, Missouri (USA) as Emerson Electric Manufacturing Co. by Civil War Union veteran John Wesley Emerson to manufacture electric motors using a patent owned by the Scottish-born brothers Charles and Alexander Meston. In 1892, it became the first to sell electric fans in the United States. It quickly expanded its product line to include electric sewing machines, electric dental drills, and power tools.
During World War II, under the leadership of Stuart Symington, Emerson became the world's largest manufacturer of airplane armament. Symington went on to become the first United States Secretary of the Air Force from 1947-1950, a Democratic U.S. Senator from Missouri from 1953-1976, and a candidate for the Presidency of the United States in 1960.
In 1954, W.R. "Buck" Persons was named company president. Under his leadership, Emerson diversified its business portfolio by acquiring 36 companies. When he retired in 1973, the company had 82 plants, 31,000 employees and $800 million in sales.
Charles F. Knight served as CEO from 1973 to 2000, and was chairman from 1974 to 2004. His tenure was marked by development of a rigorous planning process, new product and technology development, acquisitions and joint ventures, and international growth.
David N. Farr has served as CEO since 2000 and as chairman since 2004.
On January 30, 2008, top executives from Emerson had meetings with the Costa Rican President and government authorities to open an operatio

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Emerson Electric Latest News

Advanced Drainage names former Emerson Electric exec as CEO

Advanced Drainage Systems, the publicly traded Hilliard company, has a new CEO. D. Scott Barbour, a former Emerson Electric Co. executive, will lead the firm, replacing Joe Chlapaty. Barbour worked for Emerson from 1989 until 2016, most recently as ...
Posted: August 17, 2017, 10:53 am

Global Industrial Internet of Things (IIoT) Market Anticipated to Surge at a Whopping CAGR of 23.7%

General Electric Company, Emerson Electric, ABB Ltd., Intel Corporation, Accenture PLC, Tech Mahindra Ltd., Softweb Solutions Inc. and Sasken Technologies Ltd., among others. Market Research Hub (MRH) is a next-generation reseller of research reports and ...
Posted: August 22, 2017, 7:49 am

Global Terminal Automation Market in the Oil and Gas Industry 2017-2021 - Key Vendors are ABB, Emerson, Implico Group, Schneider Electric & Yokogawa

The "Global Terminal Automation Market in the Oil and Gas Industry 2017-2021" report has been added to Research and Markets' offering. The global terminal automation market in the oil and gas industry to grow at a CAGR of 6.72% during the period 2017-2021.
Posted: August 22, 2017, 3:16 pm

Railway Air Conditioning System Market Excessive Growth During 2017– 2023

Toshiba Infrastructure Systems & Solutions Corporation, Lloyd Electric Engineering Limited, Emerson Electric Company, Denso Corporation ,Hanon Systems ,Valeo SA, Calsonic Kansei Corporation, Eberspaecher Holding GmbH & Co. KG, Mahile GmbH, Keihin ...
Posted: August 22, 2017, 10:45 am

Emersion Electric’s Dividend Woes

Emerson Electric expects 2017 to be quite challenging for its automation businesses, driven by weak economic growth and political uncertainty. Commercial & Residential Solutions is expected to receive support from global HVAC (heating, ventilation ...
Posted: August 16, 2017, 6:40 am
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