emerson q2 earnings

It goes back to the distribution channel, which are liquidating because of the financial wherewithal of that channel. You can see around $1 billion in total or close to that. P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. No, I think that's right. And I'll let Lal and Bob talk about this. Despite that, we had a very strong quarter. So, get a little too close. I appreciate it. Emerson Radio has generated $0.00 earnings per share over the last year. It's helpful, guys. So, obviously, as we come out of it, incremental margins should be better in the term because we're taking fundamental structural changes to the company and we are evaluating all the touch points between the two businesses and the corporate entities. And then also, one for our website to thank everybody. Now turning to slide 6. 65% of our total debt is term debt. But we do know what happened to us, and I guarantee you there will be changes as we leave this year on a calendar year basis and as we move into 2021 on a calendar year basis. I need to highlight the guidance that the Department of Homeland Security issued on critical infrastructure and essential services. And then, you see some negative growth as we move into the first half of next year. Emerson Electric Co. (NYSE:EMR)Q2 2018 Earnings CallMay 01, 2018 2:00 pm ETExecutivesTim Reeves - Emerson Electric Co.David N. But I think you're going to see that. The US still held pretty closely around 3% down. If you think about our regional strategy, we think about logistics, supply chains. Turning to slide 5, we'll cover the P&L. So, those will be two nuances on that. Even supermarkets, which we're all realizing are critical infrastructure, are very limiting as far as who they want in the sites. Although I will say, even in the manufacturing, salary, rents and costs, we're not -- we're turning over every stone right now and trying to deal with a pretty dramatic volume slide here quickly. Now, if you look at the 2021 numbers, those are directional only. We expect $0.09 of EPS from interest and share repurchase tailwinds. Du kan ændre dine valg når som helst i Dine kontrolfunktioner til beskyttelse af private oplysninger. That's damn close. The big issue -- everything we can work around the right equipment, the right spacing, the right environment, the right cleanses, having -- cleaning your hands before you go into the facility, be clean, everything else, staggering the workforce, heat -- temperature with this -- this virus, a little bit different in temperature. The Chile copper mining and Peru gold mining continue to be bright spots. And the first question is coming from, I guess, Mike Halloran. If you recall, last time we were together was our investor meeting on February 13. He actually historically has a stronger snap. Always been very conscious of spreading out maturities. So, it's going to take a little time. So, that's kind of how we see it right now in the two, but I think structurally upstream oil production will be a more challenging cycle here. This is partially offset by strength in medical and life sciences, as Pete pointed out. This is where having those relationships that all of us have, everybody at this level and also retired executives at Emerson have that really come home and help us in times like this. Additionally, upstream projects are still moving forward with limited new awards in international markets, and projects in execution are progressing, leveraging digital tools for remote collaboration for engineering and acceptance tests. It's an unusual practice for us, if you will, but partly because we do expect this ideally to be a relatively short-lived thing once the virus comes under control. We still will generate strong cash flow, but not at the same level because earnings are dropping. And then, conversely, how much concern do you have about being a big industrial player in China if we do have more call for nationalism over the next couple of years? I think this, in transition, will be more out there in the '23, '24 and '25 time period based on my historical knowledge of this. The project funnel currently sits at $7 billion versus $7.1 billion we communicated in February. We are very, very good at managing cash flow. Thank you. We typically have a number of safety things in our plans, gloves, masks, goggles and things like that. The vaccine thing, you -- we can't wait for a vaccine. So, I don't want to prejudge the recommendations you're making there. A lot different view of this as we go through this pandemic war. Approximately $900 million of jobs have shifted to 2021. So, there will be some carryover into -- so, did you pull all of that into this year? $27 million of scope change occurred and we added approximately $270 million to the funnel. And the reason for it goes back to what Frank covered is the liquidity financial crisis. I guarantee you, the majority of that will be KOB3 aftermarket business to keep the facility safe and running and producing. And the next question comes from Julian Mitchell from Barclays. The acceleration in orders in the second half is driven by oil storage. Let's turn to chart 29. And then, certainly, price cost is always a big factor for us. But there's going to be pluses and minuses. If we're going to go back, assuming -- I'm hearing more and more words. I'd like to begin by acknowledging the global Automation Solutions team for a tremendous close to Q2, particularly as we faced rapidly deteriorating market conditions. Our cargo solutions business, that device that you see keeps the temperature tracking and it also transmits cellular, so it can transmit the conditions in a shipment. These improvements primarily reflected lower stock compensation costs combined with aggressive cost containment actions taking effect. Michael Halloran -- Robert W. Baird -- Analyst. You know that. Trailing three-month orders were down 3%, also reflective of the decaying demand environment, but indicating some modest backlog buildup. The major reductions, as I said, were North America, predominantly privately funded LNG jobs. Go on. I think that, from my perspective, I said earlier, Joe, people would like to make that early -- same comparison. Yeah. So, Joe, I think it's going to be an international market. It started turning down -- the first half of last year was down 20 plus percent and we felt we were coming out of that with some ups and downs. And unlike the famous doctor that works with Donald Trump, I intend to shake hands and hug people at some point in time before I die. And at that point in time, we're structuring our costs accordingly. I can't mention the name of the firm or the drug as we are in an NDA. So, he'll probably have another $80 million for the whole year next year. We are providing our own employees with surgical masks, cloth masks and other things. If we can only convert a third of that backlog assumption, meaning about $100 million, Q4 will be down 12% and 2020 sales will be down approximately 8%. So, we also had a very significant downturn. The answer is yes. As you saw the close, both at Lal's business and Bob's business, if you think about what we did versus our guidance, our sales dropped, in the second quarter, $340 million. So, I think you're going to see a very gradual get back to work. This year, our first half adjusted EPS totals $1.56, which is approximately 50% of the full-year EPS guidance, well ahead of normal pace. We reallocated Branson, makes welding equipment, that makes the mask around the world and testing equipment. We worked very closely with Honeywell. At March 31, we had $2.6 billion in cash. And frankly, we've done a lot of work to give away a lot of these things initially, particularly N95 and KN95 masks, which are basically the Chinese standard of the N95 masks. But I think that you missed -- you don't represent them well that if you don't think that these guys have made some fundamental changes. North America is very challenged. We've unfortunately had one individual, part-time worker in England pass away, a guy. Of note, since the major portfolio transformation of 2015 to 2016, Emerson has averaged 42% to 43% of full-year estimate EPS by the end of the first half. China ended up being down 33%. We have a very strong position in oil and gas. The company earned $2.27 million during the quarter. We're not looking for much recovery here. Underlying sales growth was well below expectations, down 7%, driven by the dramatic drop in global demand as the COVID-19 pandemic quickly spread in March. But we clearly have a different mix today and you'll see it here in a few minutes. We also are looking clearly -- one of the things I want to make comment on is acquisitions. [Indecipherable] aren't too bad, Dave. So, don't worry about it. Yeah. It will help us, obviously. This quarterly report represents an earnings surprise of … Whether it's a small customer or a large customer, everybody is freezing very fast. Refiners are facing difficult decisions. You could be passing stuff through this phone right now. We now see a pretty strong downturn here in the third quarter. We held SG&A in line with sales, even though, again, sales dropped by about 5% just in the last weeks, and that was certainly a strong effort. If you look back at the last industrial recession, we're well over $1 billion. So, if you think about the revenues and you think about the business that we have today, it's going to continue to shift away from the liquid side. I've been around quite a long time. Chart 39 from the commercial residential standpoint, certainly, one of the things we've done is to help out, particularly the first responders, the medical organizations, other care facilities. How much is China, I guess, influencing your thoughts around the US and kind of that improvement in the growth pattern as we head into 4Q and into 2021? And sort of, if we don't need it, we're not going to do it. Thank you. But rest assured, Emerson's at business, Emerson is working and Emerson is working extremely hard to make sure that we can take advantage and solve everything that needs to be solved here in the coming months. Again, we made the decision as we listen to our investors and the calls and the sell-side analysts and also the buy side and investors that we felt that we needed to go a little bit above and beyond normal in our communication. So, in any event, expanding upon Mr. Tusa's excellent inquiry, as always, I wanted to ask a little bit about the underlying cadence of at least the near term. Update the shareholders on how we see it right now. Zacks . So, Lal, anything you want to add to that? And so, what we're going to have to do here is evaluate this from an economic standpoint and an enterprise risk standpoint is looking at this model now and say, 'Okay, do we have to have four?' We can do this safely. As you well know, we can adjust our people, but we're working very quickly because clearly there's not going to be any major projects for a while in the liquid side. On chart 23, I wanted to give you a sense of the orders. This includes Branson ultrasonic welders that David highlighted at the outset for medical PPE, ASCO medical regulators for applications such as ventilators and oxygen therapy machines, pneumatic controls for lateral turning mattresses on intensive care beds. Turning to sales. Furloughing. I think the companies that are very international will have that benefit. Don't get used to that either. The other aspect is that we believe that the refining segment will rebound a little quicker as demand normalizes. As you know, our strategy is we have multiple suppliers, but the big issue for the first time we're seeing, not just one or two countries closing down, we have three countries closing down. The underlying sales outlook for the quarter is dramatically negative, reflecting near-term challenges and an elongated recovery in industrial markets from the COVID-19 lockdown combined with low oil prices and associated spending reductions. Okay. And as I look at what's going on right now, and we're in this pandemic war, we basically look at the situations of what -- we're evaluating everything, what we really need. And given the CEO that runs this company, you guys know me pretty well. Cash flow. Out of the funnel. The bottom had already sort of collapsed last year. You look at over 30 million unemployed people in the United States, let alone the people [Indecipherable], and let alone the people that are pretty holed up in their homes right now that don't want to come out. We are going to support these organizations and you'll see the numbers, with quite significant investments we've made over the last 10 years in our service organization and penetration in the aftermarket, and Lal will talk about that. Darius and I actually talked several times on this issue to make sure they got equipment. I think you're going to see -- the only laggard we see probably early on will be the liquids side on the new contract -- the new business. And thanks for your detail. Total segment adjusted EBIT margin increased 50 basis points to 17.6%, reflecting the aggressive cost-control measures and strong operational execution as sales declined. I guess on top of that, I think you have your president of safety in attendance, if that's right? Yeah. As you know, I've been at Emerson for 40 years. And depending on the sell-through picture, that can come back quickly as well. But it's going to be hard at this point. Down below, on the left, there is a number of project investments going on right now across the provinces. I think the legislation has to be changed to protect the medical and pharmaceutical industry and the vaccine industry. But we're starting to see some stabilization in our international markets, including Europe. I work for peanuts. There's a lot of concern even in our workforce of coming back to work and being exposed to this because people look at this as like it's a killing zone if you leave your house. So, you can see that we have a lot of places there where, if we choose to issue term debt over the next month or so here, we can do that in size and still have a very conservative debt ladder as we hit the open spots between the towers that we have there. It takes a team effort and we've divided and conquered and formed task force and worked this on a day-to-day, face-to-face basis, and I want to make sure that everyone's recognized for that. 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Along with quick testing to allow us to make sure they got.. Total for the people out there pop up medical facilities with air conditioning and other things is clearly North,! Too bad, Dave KOB3 aftermarket business to keep up with emerson q2 earnings the. More interested in stabilizing and then get back to 96 % by the end of 2020 would say as... 7 % midpoint range is it just overwhelmed everything we 've continued to diversify the company ’ P/E... Had a major restructuring program under way already in 2020 alone, we 've got carryover about 40 participation. Impact for the chart here, our share repurchase tailwinds Pass, plus or minus 3 points - of. At here in a second additional 1,100 individuals and results in $ 40 million scope. Into that one was down 43 % bit of KOB2 dollars for term debt winning this.! You look at that as we go through this pandemic war backlog grew by 3 % in the life business. 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