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Key facts: Emerson Electric Q4 revenues rise; Saudi manufacturing hub launched
Emerson Electric reported Q4 revenues of $4.35 billion, a 4.1% year-on-year increase, though it missed EBITDA estimates and saw its stock price drop by 2.3% due to lower EPS guidance. The company also expanded its presence in Saudi Arabia by launching a new manufacturing hub at King Salman Energy Park in 2024.