Emerson recasts FY2022 continuing ops EPS $3.16 ($2.35 prior), revenue $13.8B (+7% YoY)

EMERSON ELECTRIC CO

Continuing ops net earnings $1,883M in FY2022 vs $1,416M in FY2021; diluted EPS $3.16 vs $2.35.
Intelligent Devices segment earnings up 19% to $2,169M; Software & Control up 20% to $449M.
Divestitures (InSinkErator, Therm-O-Disc, majority of Climate Technologies) reclassified as discontinued ops.
New segment structure: six segments under Intelligent Devices and Software & Control business groups.
Discontinued operations net earnings $1,347M in FY2022 ($889M in FY2021), including Climate Technologies held-for-sale.

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

EMERSON ELECTRIC CO reported fiscal year ended September 30, 2021 results: revenue $ 12,932, net income $ 2,303, EPS $ 3.82.

Period: fiscal year ended September 30, 2021
Revenue: $ 12,932
Net income: $ 2,303
EPS: $ 3.82
Result: reported results

Exact text from the filing

unaudited) 2021 2022 Net sales $ 12,932 13,804 Cost of sales 7,202 7,498 Selling, general and administrative expenses 3,494 3,614 Gain on subordinated interest — (453) Other deductions, net 319 519 Interest expense, net 155 194 Earnings from continuing operations before income taxes 1,762 2,432 Income taxes 346 549 Earnings from continuing operations 1,416 1,883 Discontinued operations, net of tax: 2021, $239; 2022, $306 911 1,347 Net earnings 2,327 3,230 Less: Noncontrolling interests in subsidiaries 24 (1) Net earnings common stockholders $ 2,303 3,231 Earnings common stockholders: Earnings from continuing operations $ 1,414 1,886 Discontinued operations 889 1,345 Net earnings common stockholders $ 2,303 3,231 Basic earnings per share common stockholders: Earnings from continuing operations $ 2.36 3.17 Discontinued operations 1.49 2.27 Basic earnings per common share $ 3.85 5.44 Dilute

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Source: SEC EDGAR

accession 0000032604-22-000045

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