By Rob Curran

Emerson Electric posted fiscal second-quarter sales ahead of Wall Street targets and boosted its projection for 2025 revenue growth, buoyed by its takeover of industrial tech firm AspenTech and the weakness of the U.S. dollar.

The maker of autonomous technology and other industrial goods logged earnings of $485 million, or 86 cents a share, for the quarter ended in March, down slightly from $501 million, or 87 cents a share, a year earlier.

Stripping out certain one-off items, Emerson registered adjusted earnings of $1.48 a share, handily surpassing the average Wall Street target of $1.41 a share, as per FactSet.

Sales inched up 1% to $4.43 billion, also exceeding the mean analyst estimate of $4.39 billion. Underlying sales, excluding certain factors that skew comparisons, rose 2%, and underlying orders rose 4%.

For the third quarter ending in June, the St. Louis company forecast adjusted earnings in a range between $1.48 and $1.52 a share on sales growth of 4.5% to 5.5%.

Emerson raised its projection for 2025 sales growth to 4% from a prior estimated range of 1.5%-to-3.5%, helped by a favorable shift in foreign-exchange markets. Emerson forecast adjusted 2025 earnings in a range between $5.90 and $6.05 a share.

Emerson in January agreed to acquire the remaining stock of Aspen Technology in a deal valued at $7.2 billion.

Write to Rob Curran at rob.curran@wsj.com

(END) Dow Jones Newswires

May 07, 2025 07:22 ET (11:22 GMT)

Copyright (c) 2025 Dow Jones & Company, Inc.