|Type||Public (NYSE: EMR)
S&P 500 Component
|Predecessors||Emerson Electric Manufacturing Co.|
|Founders||John W. Emerson|
|Headquarters||Ferguson, Missouri, U.S.|
|Key people||David N. Farr (Chairman & CEO)|
|Products||process control systems
|Revenue||$24.222 billion (2011)|
|Operating income||$3.233 billion (2011)|
|Net income||$2.480 billion (2011)|
|Total assets||$23.861 billion (2011)|
|Total equity||$10.551 billion (2011)|
|Divisions||List of divisions|
The Emerson Electric Company (NYSE: EMR) is an American multinational corporation headquartered in Ferguson, Missouri, United States. This Fortune 500 company manufactures products and provides engineering services for a wide range of industrial, commercial, and consumer markets.
Emerson is one of the largest power equipment manufacturers in the U.S. As of 2010, it has a workforce of approximately 132,000 employees worldwide, with a global presence spanning 150 countries and 230 manufacturing locations worldwide.
Emerson was established in 1890 in St. Louis, Missouri as Emerson Electric Manufacturing Co. by Civil War Union veteran John Wesley Emerson to manufacture electric motors using a patent owned by the Scottish-born brothers Charles and Alexander Meston. In 1892, it became the first to sell electric fans in the United States. It quickly expanded its product line to include electric sewing machines, electric dental drills, and power tools.
During World War II, under the leadership of Stuart Symington, Emerson became the world's largest manufacturer of airplane armament. Emerson ranked 52nd among United States corporations in the value of World War II military production contracts. Symington went on to become the first United States Secretary of the Air Force from 1947-1950, a Democratic U.S. Senator from Missouri from 1953-1976, and a candidate for the Presidency of the United States in 1960.
In 1954, W.R. "Buck" Persons was named company president. Under his leadership, Emerson diversified its business portfolio by acquiring 36 companies. When he retired in 1973, the company had 82 plants, 31,000 employees and $800 million in sales.
Charles F. Knight served as CEO from 1973 to 2000, and was chairman from 1974 to 2004. His tenure was marked by development of a rigorous planning process, new product and technology development, acquisitions and joint ventures, and international growth.
David Farr has served as CEO since 2000 and as chairman since 2004.
On December 15, 1999, Emerson Electric Co, moving to boost its growth prospects, agreed to acquire Jordan Industries Inc's telecommunications equipment business for $440 million.
The company's chairmen of the board have been, respectively, Charles Knight (1974-2004) and David Farr (2004 forward).
Researchers at the University of Massachusetts (MA) Amherst have identified Emerson as the 97th largest corporate producer of air pollution in the United States, down from its previous rank of 56th. Major pollutants indicated by the study include nickel compounds, manganese, diisocyanate, and lead.
|This article is outdated. (November 2010)|
On September 28, 2007 it was announced that Emerson will acquire Motorola’s Embedded Communications Computing (ECC) business for $350 million, deal is expected to be completed by the end of 2007. Other acquisitions by Emerson include:
- ASCO Power Technologies
- ASCO Valve
- Astec Power
- Artesyn Embedded Technologies
- Bristol Babcock
- Chloride Group
- Computer Power Systems Corp.
- Control Techniques
- Damcos A/S
- Daniel Measurement & Control
- Decision Management International, Inc. (DMI)
- Ericsson Energy Systems
- Fisher Controls
- F.G. Wilson
- Kenonic Controls (Calgary)
- Knaack Manufacturing Company
- Knurr AG
- Liebert Corporation
- Lionville Systems, Inc.
- Micromotion, Inc.
- Orion CEM (Atlanta)
- PC&E, Inc. (St. Louis)
- Rosemount, Inc.
- Roxar ASA
- Saab Marine Electronics
- Shafer Valve Company
- Stratos International, Inc.
- System Plast
- The Automation Group
- Virgo Valves
- Western Forge (sold to Ideal Industries in 2009)
NBC Heroes lawsuit
On October 2, 2006, Emerson, the company that makes the popular InSinkErator garbage disposals, filed suit in federal court against NBC regarding a scene that appeared in the pilot episode of the network's TV series Heroes. The scene depicted Claire Bennet reaching into an active garbage disposal to retrieve a ring, and severely injuring her hand in the process. Emerson's suit claims the scene "casts the disposer in an unsavory light, irreparably tarnishing the product" by suggesting that serious injuries will result "in the event consumers were to accidentally insert their hand into one."
Emerson asked for a ruling barring future broadcasts of the pilot, which is available on NBC's website and has already aired on NBC Universal-owned cable networks USA and Sci Fi. It also sought to block NBC from using any Emerson trademarks in the future. Emerson is an appliance market competitor with General Electric, the owner of NBC.
On February 23, 2007, the case against NBC was dropped. NBC Universal and Emerson Electric reached an agreement to settle the lawsuit outside of court.
|Wikimedia Commons has media related to Emerson Electric.|
- "Contact Us". Emerson Electric Company. Retrieved August 18, 2009.
- Edwards, Greg. "$60 million in data centers coming online at Emerson". St. Louis Business Journal. August 29, 2008. Retrieved August 18, 2009.
- "Ferguson city, Missouri". U.S. Census Bureau. Retrieved August 18, 2009.
- "David Farr"
- "Edward L. Monser"
- Peck, Merton J. & Scherer, Frederic M. The Weapons Acquisition Process: An Economic Analysis (1962) Harvard Business School p.619
- "Emerson Electric Moves to Expand in Telecom Gear".
- "Emerson jobs: 21 to start, 75 by 2015". Sun Sentinel
- Carson, Erin (25 July 2014). "Kathy Button Bell: CMO. Moment Marketer. Big Picture Person. Athlete.". TechRepublic.
- PERI: Home
- Emerson to Acquire Motorola’s Embedded Communications Computing Business
- Goetzl, David (2007-02-23). "Emerson Drops Product Placement Case Against NBC". MediaDailyNews. Retrieved 2007-02-23.
- Emerson Electric Company website
- Liebert Corporation - Divisional website
- Asco Power Technologies - Divisional website
- Emerson Climate Technologies - Divisional Website
- Digital Scroll Compressors