NEW YORK, Jan. 27, 2025 /PRNewswire/ -- Shareholder rights law firm Julie & Holleman LLP is investigating the proposed $265 per share acquisition of Aspen Technology, Inc. (NASDAQ: AZPN) by the company's controlling stockholder, Emerson Electric Co. (NYSE: EMR). The firm is concerned about the price being offered as well as potential conflicts of interest.

For a free consultation and to learn more about our investigation, visit https://julieholleman.com/aspen-technology-inc/

ST. LOUIS and BEDFORD, Mass., Jan. 27, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) and Aspen Technology, Inc. (NASDAQ: AZPN) ("AspenTech") today announced that they have reached an agreement under which Emerson will acquire all outstanding shares of common stock of AspenTech not already owned by Emerson for $265.00 per share pursuant to an all-cash tender offer. The transaction values the minority stake being acquired at $7.2 billion, and values the total company at a fully diluted market capitalization of $17.0 billion with an enterprise value of $16.8 billion. Emerson currently owns approximately 57% of AspenTech's outstanding shares of common stock following Emerson's 55% majority investment completed in 2022. Upon the closing of the transaction, AspenTech will become a wholly owned subsidiary of Emerson.

ST. LOUIS, Jan. 15, 2025 /PRNewswire/ -- Emerson (NYSE: EMR) will report its first quarter results prior to market open on Wednesday, Feb. 5, 2025. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8:30 a.m. Eastern Time, 7:30 a.m. Central Time.

All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.

Company's next-gen life sciences software helps accelerate therapy commercialization

AUSTIN, Texas, Jan. 8, 2025 /PRNewswire/ -- Emerson (NYSE: EMR), an industrial technology leader delivering advanced automation solutions, has won the "Industrial IoT Innovation of the Year" award for its DeltaV™ Workflow Management software at the 9th annual IoT Breakthrough Awards. The award recognizes Emerson's next generation, software-as-a-service solution to help life sciences companies more efficiently develop, scale and manufacture life-changing cell and gene therapies.

Strategic investment supports advanced AI software for rapid production testing of batteries

ST. LOUIS, Nov. 19, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in EECOMOBILITY, a startup that specializes in advanced battery testing and monitoring software for electric vehicle, energy storage and industrial markets.

Industrial technology leader will showcase innovations accelerating energy management, emissions reduction and decarbonization

ST. LOUIS, Nov. 11, 2024 /PRNewswire/ -- Emerson (NYSE: EMR), an industrial technology leader delivering advanced automation solutions, will attend COP29 in Baku, Azerbaijan, participating in Climate Action's Sustainable Innovation Forum and Hydrogen Transition Summit. Chief Sustainability Officer Mike Train will share his insights on how automation technologies are helping accelerate the energy transition and the collaboration and investment required to scale breakthrough innovations across emerging clean energy sectors.

Proposes to Acquire Remaining Outstanding Shares of AspenTech for $240 per Share in Cash

Commences Review of Strategic Alternatives for Safety & Productivity Segment

Announces Increased Return of Capital to Shareholders with Plans to Repurchase Approximately $2.0 Billion of Shares in Fiscal 2025; Expecting $1.0 Billion in Fiscal Q1

ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced three key strategic and financial actions in the final phase of its portfolio transformation to an industrial technology leader focused on automation:

ST. LOUIS, Nov. 5, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its fourth quarter and fiscal year ended September 30, 2024. Emerson also declared a quarterly cash dividend increase to $0.5275 per share of common stock payable December 10, 2024 to stockholders of record November 15, 2024.

(dollars in millions, except per share)

2023 Q4

2024 Q4

Change

2023

2024

Change

Underlying Orders2

2 %

2 %

Net Sales

$4,090

$4,619

13 %

$15,165

$17,492

15 %

Underlying Sales3

4 %

6 %

Pretax Earnings

$1,020

$679

$2,903

$2,020

Margin

24.9 %

14.7 %

(1020) bps

19.1 %

11.5 %

(760) bps

Adjusted Segment EBITA4

$1,045

$1,210

$3,794

$4,552

Margin

25.5 %

26.2 %

70 bps

25.0 %

26.0 %

100 bps

GAAP Earnings Per Share

$1.36

$0.97

(29) %

$3.96

$2.82

(29) %

Adjusted Earnings Per Share5

$1.29

$1.48

15 %

$4.44

$5.49

24 %

Operating Cash Flow

$991

$1,073

8 %

$2,710

$3,317

22 %

Free Cash Flow

$822

$905

10 %

$2,347

$2,898

23 %

ST. LOUIS, Oct. 15, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) will report its fourth quarter and full year results prior to market open on Tuesday, November 5, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 8 a.m. Eastern Time, 7 a.m. Central Time.

All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.

Company brings deep legacy of driving industry standards to Margo initiative enabling more flexible, scalable automation for customers

ST. LOUIS, Sept. 16, 2024 /PRNewswire/ -- Global automation and technology leader Emerson (NYSE: EMR) is joining the Linux Foundation's Margo, a new open-standard initiative designed to make edge applications, devices and orchestration software work together seamlessly across multi-vendor industrial automation environments.

Strategic investment supports emerging technology for secure device management

ST. LOUIS, Aug. 21, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced it has made a strategic investment through its corporate venture capital arm Emerson Ventures in Symmera, an early-stage company simplifying device authentication and data protection. Boulder Ventures will co-invest with Emerson.

ST. LOUIS and NEW YORK, Aug. 13, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has completed the sale of its remaining interest in the Copeland joint venture, the 40% common equity ownership stake, to private equity funds managed by Blackstone ("Blackstone").

As a standalone company focused on serving the global HVAC and refrigeration market, Copeland's product portfolio includes market-leading compressors, controls, thermostats, valves, software and monitoring solutions for residential, commercial and industrial customers.

New automation architecture accelerates plant modernization with a more flexible and user-centric approach

PITTSBURGH, July 23, 2024 /PRNewswire/ -- Global automation and technology leader Emerson (NYSE: EMR) is updating its industry-leading Ovation™ Automation Platform to include a software-defined architecture that will help utilities better leverage data, new technologies and artificial intelligence (AI). This enhancement will enable the industries to achieve new levels of operational excellence and meet the increasing demand for reliable, affordable and sustainable power and water.

ST. LOUIS, July 17, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) will report its third quarter results prior to market open on Wednesday, August 7, 2024. Emerson senior management will discuss the results during an investor conference call that same day, beginning at 9 a.m. Eastern Time, 8 a.m. Central Time.

All interested parties may listen to the live conference call and view presentation slides, which will be posted in advance of the call, by going to the Investors area of Emerson's website at www.Emerson.com/investors and completing a brief registration form. A replay of the conference call will be available for three months following the webcast at the same location on the Emerson website.

Enables Shift Left and Innovation at Speed for the Automotive Industry

BENGALURU, India and AUSTIN, Texas, July 11, 2024 /PRNewswire/ -- Tata Elxsi, the leading global design and technology services company, and global automation company Emerson, today announced the inauguration of the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. This state-of-the-art centre aims to accelerate automotive innovation with cutting-edge systems, software solutions, and global automotive expertise.

Enables Shift Left and Innovation at Speed for the Automotive Industry

BENGALURU, India and AUSTIN, Texas, July 11, 2024 /PRNewswire/ -- Tata Elxsi, the leading global design and technology services company, and global automation company Emerson, today announced the inauguration of the Tata Elxsi + NI Mobility Innovation Centre (TENMIC) in Bengaluru. This state-of-the-art centre aims to accelerate automotive innovation with cutting-edge systems, software solutions, and global automotive expertise.

The report highlights company's progress toward net-zero operations, continued investment in employees and communities

ST. LOUIS, June 12, 2024 /PRNewswire/ -- Global technology and software company Emerson (NYSE: EMR) released its 2023 Sustainability Report today, highlighting the company's efforts to make the world healthier, safer, smarter and more sustainable.

"Sustainability is at the core of Emerson's mission and culture, guiding our innovation, operational execution and business strategies," said Emerson Chief Sustainability Officer Mike Train. "As a global automation leader, our innovative solutions are designed to enhance sustainability performance, not only within our operations but also for our customers globally. As we move forward, we remain committed to deploying impactful technologies that advance both our net zero ambitions and those of our customers, fostering a more sustainable future for all."

Transaction Represents Important Simplification Milestone in Emerson's Portfolio Transformation

ST. LOUIS and NEW YORK, June 6, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) announced today that it has entered into a definitive agreement to sell its remaining interests in the Copeland joint venture (formerly Emerson Climate Technologies) for a transaction value of approximately $3.5 billion, with pre-tax cash proceeds of $3.4 billion, net of the release of $0.1 billion of future indemnity obligations. Private equity funds managed by Blackstone ("Blackstone") will purchase Emerson's 40% common equity ownership in the joint venture, while Copeland will repurchase the seller's note.

ST. LOUIS, May 8, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today announced the election of Calvin Butler, President and Chief Executive Officer of Exelon, to its Board of Directors, effective August 1, 2024. He will serve on the Corporate Governance and Nominating Committee.  Effective August 1, 2024, the Emerson Board will expand to 12 members. 

Butler is a seasoned public company executive with significant operational and leadership experience in the energy industry. He has led Exelon, the nation's largest utility company, as President and CEO since 2022 and served in a variety of leadership roles during his 16-year tenure at the company.

ST. LOUIS, May 8, 2024 /PRNewswire/ -- Emerson (NYSE: EMR) today reported results1 for its second quarter ended March 31, 2024 and updated its full year outlook for fiscal 2024. Emerson also declared a quarterly cash dividend of $0.525 per share of common stock payable June 10, 2024 to stockholders of record on May 17, 2024.

(dollars in millions, except per share)

2023 Q2

2024 Q2

Change

Underlying Orders2

(1) %

Net Sales

$3,756

$4,376

17 %

Underlying Sales3

8 %

Pretax Earnings

$639

$652

Margin

17.0 %

14.9 %

(210) bps

Adjusted Segment EBITA4

$924

$1,139

Margin

24.6 %

26.0 %

140 bps

GAAP Earnings Per Share

$0.92

$0.87

(5) %

Adjusted Earnings Per Share5

$1.09

$1.36

25 %

Operating Cash Flow

$575

$757

32 %

Free Cash Flow

$513

$675

32 %