Emerson Electric Co (NYSE:EMR)
$ 130.16 1.76 (1.37%) Market Cap: 74.45 Bil Enterprise Value: 77.54 Bil PE Ratio: 38.06 PB Ratio: 3.44 GF Score: 81/100
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Q1 2019 Emerson Electric Co Earnings Call Transcript

Feb 05, 2019 / 07:00PM GMT
Release Date Price: $66.9 (-1.11%)
Operator

Good day, and welcome to the Emerson First Quarter 2019 Earnings Conference Call. (Operator Instructions) Please note, this event is being recorded.

I would now like to turn the conference over to Tim Reeves. Please go ahead, sir

Timothy Reeves
Emerson Electric Co. - Director of IR & Assistant Treasurer

Thank you very much. I am joined today by David Farr, Chairman and Chief Executive Officer; and Frank Dellaquila, Senior Executive Vice President and Chief Financial Officer. Welcome to Emerson's First Quarter 2019 Earnings Conference Call.

Please follow along in the slide presentation, which is available on our website. I'll start with the first quarter summary on Slide 3. Sales in the first quarter of $4.1 billion increased 9% with underlying sales of 4.5%. End markets remained strong for us globally with the notable exception of our heating and air conditioning business in Asia. Commercial & Residential Solutions was down 1% underlying and was up 7%, excluding the Climate Asia business. Automation Solutions was up 7%. Trailing 3

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