Honeywell and Flowserve will collaborate to provide Industrial Internet of Things (IIoT) for industrial customers. The
will be part of the Honeywell INspire program, Honeywell's joint customer development program for its IIoT ecosystem.
Honeywell and Flowserve have a long history of colla...
Emerson recently named new senior leadership appointments to its Office of the Chief Executive who now report directly to chairman and CEO David N. Farr, and help develop and guide the company’s global strategies.
Michael H. Train’s
is executive president of Emerson Automation Sol...
Global offshore oil production (including lease condensate and hydrocarbon gas liquids) in 2015 was at the highest level since 2010, and accounted for nearly 30% of total global oil production. Offshore oil production increased in both 2014 and 2015, reversing consecutive annual declines from 2010 t...
Manufacturing activity fifth district (MD, DC, VA, WV, NC, SC) remained sluggish in October, according to the most
by the Federal Reserve Bank of Richmond. New orders and backlogs decreased this month, while shipments flattened. Hiring activity strengthened mildly across firms and wage i...
The Conference Board Consumer Confidence Index, which had increased in September, declined in October. The index now stands at 98.6, down from 103.5 in September. The present situation index decreased from 127.9 to 120.6, while the expectations index declined from 87.2 last month to 83.9.
Emerson Process Management sales grew 19%, as global energy investments and backlog conversion related to the Thailand flooding generated robust growth. Underlying sales increased 23% and currency translation deducted 4%, with the U.S. up 29%, Asia up 25%, and Europe up 14%. Project activity in oil and gas, chemical, and power end markets continued at a brisk pace across all product lines. Segment margin of 23.1% increased 270 basis points from the prior year quarter, primarily driven by volume leverage and cost reduction benefits. Recovery of sales delayed by the Thailand flooding progressed as expected, contributing to strong volume leverage. Underlying orders, which exclude currency translation, grew 17% in the quarter, resulting in backlog remaining at a high level, and supporting a favorable outlook in Emerson Process Management for the next several quarters.