Emerson Electric (EMR) Reports 74% Order Growth in Software Sector
Published on · Source: finance.yahoo.com
AI Summary
Summarized by AI from the source belowEmerson Electric Co. (EMR) recorded a 74% order growth for its Ovation software in Q1 2026, which manages electricity generation for utility facilities and AI data centers. The company, recognized as a top defensive stock, has a backlog of $7.9 billion, reflecting a 9% year-over-year increase. EMR has transitioned to a business model where two-thirds of its revenue is expected to come from recurring or software-based sources. The firm also announced a dividend of $0.555 per share, its 69th consecutive increase, offering a yield of approximately 1.5%-1.6%.
Informational only, not financial advice. Content is AI-generated and may contain errors. How this works.
About Emerson Electric Co. (EMR)
Emerson Electric is an industrial-automation and engineering company.
The Industrials sector covers manufacturers, aerospace, defense and transport companies tied to economic activity.
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