Emerson Electric raises annual profit forecast on automation services demand
The engineering services firm's shares jumped more than 3% in premarket trading.
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Demand for industrial components and automation services has been driven by investments across sectors including chemicals, energy transition and mining.
"First-half performance and ability to navigate the tariff environment give us the confidence to update our 2025 outlook," Emerson CEO Lal Karsanbhai said.
The company now expects full-year adjusted earnings per share between $5.90 and $6.05, compared with its prior forecast range of $5.85 to $6.05.
Analysts are expecting an annual profit of $5.91 per share, according to data compiled by LSEG.
Emerson also raised its forecast for net sales to grow about 4% from its prior expectation of an increase of 1.5% to 3.5%.
On an adjusted basis, the company earned $1.48 per share in the second quarter, beating estimates of $1.41. Net sales of $4.43 billion also beat expectations of $4.38 billion.
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