Gabelli Automation ETF (GAST)

Emerson Electric reported strong Q4 FY24 results, with net sales up 13% and adjusted EPS beating expectations. FY25 outlook shows continued momentum and plans for shareholder returns.

Emerson Electric Co beats Q3 FY24 net sales growth expectations, increases dividend and revises net sales and EPS outlook for FY24.

Rockwell Automation reported Q3 results with sales down 8.4% Y/Y and adjusted EPS beating estimates. FY24 guidance cut due to project delays.

Emerson Electric to sell remaining stake in Copeland joint venture for $3.5 billion, plans to use proceeds to reduce debt and focus on automation market.

Emerson Electric Co (EMR) reported 17% net sales growth in Q2 FY24, beating expectations. Adjusted EPS improved by 25%, and dividend declared.

Rockwell Automation reported lower Q2 FY24 results and cut its FY24 outlook. Sales fell 6.6% Y/Y, but total ARR grew 20% Y/Y. Adjusted EPS beat estimates at $2.50. Company is searching for new CFO.

AZZ raises FY25 guidance due to strength in several end markets. Sales outlook increased to $1.525-$1.625B, adjusted EPS to $4.50-$5.00, and adjusted EBITDA to $310-$360M. Company plans to report Q4 results on April 22, 2024.

Gabelli Asset ETF (NYSEGAST) has been renamed Gabelli Automation ETF NYSE: GASTNYSEGAST)

GAMCO Investors, Inc. (“GAMCO”) (NYSEGBL) announced today that it will launch the Gabelli Asset ETF NYSE: GASTNYSEGAST)