Conglomerates Sector Review: Emerson FY12 Sales, Royal Philips Teams Up With eHGT
Emerson Electric Co. (NYSE:EMR): Reiterated guidance for FY12 sales about $25B. Says well-positioned, with strong backlog, but sales are back-end loaded in FY12. Comments taken from presentation slides for 2012 Investor Conference.
The shares closed at $51.62, down $1.18, or 2.23%, on the day. Its market capitalization is $37.91 billion.
Koninklijke Philips (NYSE:PHG): Royal Philips Electronics announced that it is teaming up with eHealth Global Technologies. eHGT’s services are designed to reduce the time cancer patients spend waiting for their first oncology appointment by efficiently gathering diagnostic imaging and other data and presenting it on demand at the oncologist’s point-of-care. The alliance complements Philips’ strong portfolio of innovative solutions further helping to facilitate coordinated, multidisciplinary cancer care.
The shares closed at $20.34, down $0.34, or 1.64%, on the day. Its market capitalization is $18.84 billion.
United Technologies Corp. (NYSE:UTX): Composite Technology, Inc., or CTI, a Sikorsky Aerospace Services company, announced new capabilities to support Sikorsky’s S-76 and S-92 helicopter rotor blade repair and maintenance through its venture in Singapore: Composite Technology International Pte. Ltd. or CTIS. CTIS is a venture among CTI, Eurocopter South East Asia and Singapore Technologies Aerospace Engineering. The facility will offer main and tail rotor blade maintenance and repair services for Sikorsky operators in the Asia-Pacific region. Sikorsky Aerospace Services, or SAS, is the aftermarket business of Sikorsky Aircraft Corp., a subsidiary of United Technologies Corp. (NYSE:UTX).
The shares closed at $84.64, down $0.24, or 0.28%, on the day. Its market capitalization is $76.93 billion.
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