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

Emerson Electric president to retire Oct. 1

FERGUSON, Mo. (AP) -- Edward Monser, who has been president of Emerson Electric since 2010, will retire on Oct. 1. The technology and engineering company announced Monser's retirement Tuesday and said ...
Posted: August 14, 2018, 7:51 am

Ex-Dividend Reminder: HNI, L3 Technologies and Emerson Electric

Looking at the universe of stocks we cover at Dividend Channel, on 8/16/18, HNI Corp (Symbol: HNI), L3 Technologies Inc (Symbol: LLL), and Emerson Electric Co. (Symbol: EMR) will all trade ex-dividend ...
Posted: August 14, 2018, 7:32 am

Emerson Playing A Hot Hand

Emerson Electric (EMR) is a significant player in two of the strongest verticals within industrials today – process automation and HVAC. What makes Emerson’s better performance so far this year (up ab...
Posted: August 13, 2018, 1:53 pm
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