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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Q2 2019 Emerson Electric Co Earnings Call Transcript

May 07, 2019 / 06:00PM GMT
Release Date Price: $67.53 (-3.73%)
Operator

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

At this time, I would like to turn the conference over to Tim Reeves, Director of Investor Relations. Please go ahead, sir.

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

Thank you very much, Denise. I am joined today by David Farr, Chairman and Chief Executive Officer; Frank Dellaquila, Senior Executive Vice President and Chief Financial Officer; Bob Sharp, Executive President, Commercial & Residential Solutions; and Lal Karsanbhai, Executive President, Automation Solutions.

Welcome to Emerson's second quarter 2019 earnings conference call. Please follow along in the slide presentation, which is available on our website.

I'll start with the second quarter summary on Slide 3.

Sales in the quarter of $4.6 billion increased 8% with underlying sales up 4%. Automation Solutions was up 7% underlying with broadly healthy and stable

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