2015 June Order 8K





Date of Report (Date of earliest event
reported): July 23, 2015

Emerson Electric Co.
(Exact Name of Registrant as Specified in Charter)

(State or Other Jurisdiction of Incorporation)
File Number)
(I.R.S. Employer Identification Number)

8000 West Florissant Avenue
St. Louis, Missouri
(Address of Principal Executive Offices)
(Zip Code)

Registrant’s telephone number, including area code:

(314) 553-2000
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

¨      Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
¨      Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
¨      Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
¨      Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01 Regulation FD Disclosure
The following information is furnished pursuant to Regulation FD.
Emerson 3-Month Orders Growth
(Percentage change versus prior year; trailing 3-month averages, excluding acquisitions and divestitures, including currency translation)
April '15
May '15
June '15
Process Management
-20 to -15
-20 to -15
-20 to -15
Industrial Automation
-20 to -15
-20 to -15
-20 to -15
Network Power
-20 to -15
-20 to -15
-15 to -10
Climate Technologies
-10 to -5
-10 to -5
-10 to -5
Commercial & Residential Solutions
-5 to 0
-5 to 0
-5 to 0
Total Emerson
-20 to -15
-15 to -10

June 2015 Orders Comments

Trailing three-month orders decreased double digits as monthly orders continue to reflect the drop in oil prices, a global slowdown in capital spending, and significant strength in the U.S. dollar, which deducted 5 percentage points through currency translation. Global spending remains sluggish as oil prices continue to affect capital spending in both oil and gas and energy-related markets. Underlying orders were down 9 percent reflecting slow market conditions in most segments, but remained consistent with trailing underlying orders reported in each of the prior three months, down 8-10 percent.

Process Management order trends continued to reflect the impact of lower oil prices, as well as unfavorable currency translation, which deducted 4 percentage points, including backlog revaluation. Underlying orders decreased in all regions. While oil and gas markets are down, continued growth in chemical and power markets remains a bright spot.

Industrial Automation orders were down, reflecting continued weakness in industrial spending, upstream oil and gas, and Europe. Underlying orders were also down on decreases in almost all businesses. Currency translation deducted 8 percentage points.

Network Power orders decreased as underlying global demand for data center infrastructure and telecommunications investment was mixed by geography. Currency translation deducted 5 percentage points.

Climate Technologies orders were down as U.S. HVAC customers work through the remainder of pre-built inventory driven by regulatory changes for residential air conditioning effective January 1, 2015. U.S. air conditioning orders were also negatively impacted by cooler than normal temperatures and significant rainfall during the early summer months in key parts of the United States. Underlying orders were down modestly, with growth in Asia and Europe more than offset by a decrease in North America. Currency translation deducted 3 percentage points.

Commercial & Residential Solutions orders decreased slightly. Underlying growth in wet/dry vacuums, food waste disposers, and storage businesses more than offset a decrease in the professional tools business. Currency translation deducted 2 percentage points.

Upcoming Investor Events

On Tuesday, August 4, 2015, Emerson will report third quarter 2015 results. Management will discuss the results during a conference call at 2:00 P.M. ET the same day. Access to a live webcast of the discussion will be available at www.emerson.com/financial at the time of the call. A replay of the conference call will remain available for approximately three months.

Forward-Looking and Cautionary Statements
Statements in this Current Report on Form 8-K that are not strictly historical may be “forward-looking” statements, which involve risks and uncertainties, and Emerson undertakes no obligation to update any such statements to reflect later developments. These risks and uncertainties include economic and currency conditions, market demand, pricing, protection of intellectual property, and competitive and technological factors, among others, as set forth in the Company's most recent Annual Report on Form 10-K and subsequent reports filed with the SEC.

Non-GAAP Financial Measures

This Current Report on Form 8-K contains non-GAAP financial measures as such term is defined in Regulation G under the rules of the Securities and Exchange Commission. While the Company believes these non-GAAP measures are useful in evaluating the Company, this information should be considered as supplemental in nature and not as a substitute for or superior to the related financial information prepared in accordance with GAAP. Further, these non-GAAP financial measures may differ from similarly titled measures presented by other companies. The reasons management believes that these non-GAAP financial measures provide useful information are set forth in the Company's most recent Form 10-K filed with the Securities and Exchange Commission.

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
July 23, 2015
/s/ John G. Shively
John G. Shively
Vice President and
Assistant Secretary